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12 Best Clean Energy Stocks To Buy According to Billionaires

In this piece, we will take a look at the 12 best clean energy stocks to buy according to billionaires. If you want to skip our overview of the clean energy industry and some recent news, then you can skip and read 5 Best Clean Energy Stocks To Buy According to Billionaires.

Alongside biotechnology and artificial intelligence, the clean energy sector is one of the strongest growing segments in the world. Momentum to push the world towards emissions free energy use has grown over the decades, and as of 2023, the developed world has laid out serious plans to make the shift to renewable. This shift comes even as the 2022 Russian invasion of Ukraine slowed down investments in renewable energy as the world’s energy supply chain recalibrated itself away from Russian oil.

Overall, the renewable energy industry remains on track to be one of the biggest in the world. As an example, consider the fact that the crude oil industry was worth $1.4 trillion in 2021 and is slated to grow at a compounded annual growth rate (CAGR) of 1.8% to be worth $1.6 trillion by 2029. Now, consider market research estimates for the global renewable energy industry. These show that the sector was worth $881 billion in 2020 and is slated to grow at a CAGR of 8.4% to be worth nearly $2 trillion by 2030.

December 2023 has been an important month for the renewable and clean energy industry overall. This is because the month kicked off with the COP28 conference taking place in Dubai. COP, short for Conference of the Parties, is an annual gathering that has been taking place since 1995. Its objectives are to lay down frameworks for the developed world to reduce carbon emissions, and throughout its history, it has led to attending members agreeing on frameworks such as the Kyoto Protocol and the Paris Agreement. However, 2023’s COP28 climate conference has been one of the most controversial ones in the event’s history. This is because critics are adamant that hosting a climate change and resilience event in a country that produces large amounts of oil and selecting an individual who is the CEO of an oil company as the COP28’s president is ironic and shows a clear conflict of interest. Yet, in the U.A.E.’s defense, the country was the firm in the region to sign the Paris Agreement and also the first Middle Eastern nation to commit to net zero emissions by 2050.

Even before the event started, one of the world’s biggest consulting companies, McKinsey, generated a lot of controversy when a report claimed that it aimed to use COP28 as a stepping pad to promote the interests of its clients. The list of clients includes the biggest oil companies in the world such as Saudi Aramco and Exxon Mobile Corporation (NYSE:XOM). This report, which has now been taken down but is available elsewhere highlighted that a draft purportedly belonging to McKinsey suggested reducing oil use only by half until 2050 and creating space to funnel trillions of dollars into conventional energy by 2050.

Another big development that took place at COP28 concerns clean energy and the world’s leading billionaire, Microsoft Corporation (NASDAQ:MSFT)’s former CEO Mr. Bill Gates. While Mr. Gates is known for setting up the world’s biggest software company, another firm that he created while also serving Microsoft is a nuclear energy company. This firm is TerraPower and Gates set it up in 2008 through an investment from his family office Cascade Investments. TerraPower is a next generation nuclear reactor firm, and it seeks to simplify the uranium supply chain for nuclear power use. On the sidelines of the COP28, while reports had warned about oil deals, a clean energy deal also took place that saw the U.A.E.’s state owned nuclear company ENEC sign an MOU with TerraPower to explore advanced reactors and their use both at home and abroad.

As clean energy exits 2023 on a high note, we thought to take a look at some clean energy stocks that are also seeing interest from billionaires. Some notable names are Sunrun Inc. (NASDAQ:RUN), Enphase Energy, Inc. (NASDAQ:ENPH), and First Solar, Inc. (NASDAQ:FSLR).

Solar panel workers installing a new farm for clean energy generation.

Our Methodology

To make our list of the top clean energy stocks that billionaires are buying, we took a look at the Q3 2023 hedge fund holdings of billionaire-owned or billionaire-led hedge funds and picked out the top 30 stocks in the iShares Global Clean Energy ETF that had the highest number of billionaire investors.

12 Best Clean Energy Stocks To Buy According to Billionaires

12. Bloom Energy Corporation (NYSE:BE)

Number of Billionaire Investors In Q3 2023: 6

Bloom Energy Corporation (NYSE:BE) is an industrial products company whose equipment enables users to convert gas into electricity without relying on combustion. The firm’s third quarter earnings created quite a splash as its shares rose by nearly 17% after it posted an EPS of 15 cents that smashed analyst estimates of a 4 cent loss out of the park.

By the end of September 2023, 29 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Bloom Energy Corporation (NYSE:BE). Philippe Laffont’s Coatue Management was the firm’s largest shareholder as it owned $45.8 million worth of shares.

Bloom Energy Corporation (NYSE:BE) just like Enphase Energy, Inc. (NASDAQ:ENPH), Sunrun Inc. (NASDAQ:RUN), and First Solar, Inc. (NASDAQ:FSLR),  is a top clean energy stock that billionaires are buying.

11. Nextracker Inc. (NASDAQ:NXT)

Number of Billionaire Investors In Q3 2023: 7

Nextracker Inc. (NASDAQ:NXT) is a backend solar power company that sells trackers to let solar panels align with the Sun. Since the share started trading in February, the firm has beaten analyst EPS estimates in all of its quarters and secured an average Buy rating from analysts.

As of Q3 2023 end, 26 out of the 910 hedge funds profiled by Insider Monkey were Nextracker Inc. (NASDAQ:NXT)’s investors.

10. Clearway Energy, Inc. (NYSE:CWEN)

Number of Billionaire Investors In Q3 2023: 7

Clearway Energy, Inc. (NYSE:CWEN) is an American pure play renewable energy utility. It generates roughly eight thousand megawatts of electricity from natural gas, solar, and wind power. The firm scored a win in November 2023 when it was revealed that it would join the illustrious S&P SmallCap 600 stock index.

Insider Monkey took a look at 910 hedge fund holdings for 2023’s third quarter and found 23 Clearway Energy, Inc. (NYSE:CWEN) shareholders. The firm’s biggest investor out of these is Ken Griffin’s Citadel Investment Group due to its $30.5 million stake.

9. Array Technologies, Inc. (NASDAQ:ARRY)

Number of Billionaire Investors In Q3 2023: 7

Array Technologies, Inc. (NASDAQ:ARRY) is a solar tracker firm headquartered in Albuquerque, New Mexico. Keeping an eye on the expected growth in the clean energy industry, the firm announced in November 2023 that it is building a new $50 million solar tracker manufacturing facility in New Mexico.

By the end of this year’s third quarter, 40 out of the 910 hedge funds polled by Insider Monkey had invested in the company. Array Technologies, Inc. (NASDAQ:ARRY)’s largest hedge fund shareholder is Jos Shaver’s Electron Capital Partners as it owns 6.1 million shares that are worth $135 million.

8. Green Plains Inc. (NASDAQ:GPRE)

Number of Billionaire Investors In Q3 2023: 8

Green Plains Inc. (NASDAQ:GPRE) is a diversified ethanol company that produces, stores, distributes, and sells the clean fuel. Despite the fact that the firm has missed analyst EPS estimates in three out of its four quarters, the shares are rated Strong Buy on average with an average share price target of $40.44.

After digging through 910 hedge funds for their shareholdings during 2023’s September quarter, Insider Monkey found that 24 were Green Plains Inc. (NASDAQ:GPRE)’s investors. Frederick Disanto’s Ancora Advisors was the biggest stakeholder as it owned $121 million worth of shares.

7. Plug Power Inc. (NASDAQ:PLUG)

Number of Billionaire Investors In Q3 2023: 8

Plug Power Inc. (NASDAQ:PLUG) makes and sells hydrogen fuel cells for electric vehicles, power generation, and other applications. Its shares were in trouble in December 2023 when investment bank Morgan Stanley downgraded the stock to Underweight from Equalweight and reduced the price target to $3 from $3.5 as it cited a massive share price drop this year and difficulties in commercializing hydrogen technologies as key worries for Plug Power Inc. (NASDAQ:PLUG)’s shares.

Yet, as September 2023 ended, 26 hedge funds out of the 910 surveyed by Insider Monkey had still bought the firm’s stock. Plug Power Inc. (NASDAQ:PLUG)’s largest hedge fund investor is Israel Englander’s Millennium Management as it owns $25.7 million worth of shares.

6. Ormat Technologies, Inc. (NYSE:ORA)

Number of Billionaire Investors In Q3 2023: 8

Ormat Technologies, Inc. (NYSE:ORA) is a diversified renewable clean energy company that not only generates power from geothermal and other clean energy sources but also sells power generation products to others. The firm has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Buy on average.

During Q3 2023, out of the 910 hedge funds tracked by Insider Monkey, 16 had invested in Ormat Technologies, Inc. (NYSE:ORA). Ian Simm’s Impax Asset Management was the largest shareholder among these due to its $159 million stake.

Sunrun Inc. (NASDAQ:RUN), Ormat Technologies, Inc. (NYSE:ORA), Enphase Energy, Inc. (NASDAQ:ENPH), and First Solar, Inc. (NASDAQ:FSLR) are some top billionaire clean energy stock picks.

Click here to continue reading and check out 5 Best Clean Energy Stocks To Buy According to Billionaires.

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Disclosure: None. 12 Best Clean Energy Stocks To Buy According to Billionaires is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

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As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

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This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

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The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

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