I came across a post shared by Insider Monkey about the Best Solar Energy Stocks to Buy in 2021. The article provided good information and analysis about the current solar energy stocks. After reading all the positive news and information provided, it sounds like a good idea to invest in solar energy stocks as these stocks are prioritizing cash generation and maintaining healthy balance sheets. It is a known reality that the finance sector has settled itself according to the new solar revolution via ETFs. The ETFs captured the attention of the managers of hedge funds. As per the in-house analysis at Insider Monkey, there are some best solar energy stocks for 2021. The stocks have been identified by the research team using Insider Monkey’s hedge fund sentiment data. How come the team at Insider Monkey believe that the hedge fund sentiment data helps in identification of the best solar energy stocks to buy? It is because the sentiment information fetched from the hedge fund filings to classify in advance a select group of stocks that can beat the S&P 500 index by double digits on average. Let us read something about a couple of Best Solar Energy Stocks to Buy in 2021 below.
Enphase Energy is listed as the best solar energy stock to buy by the Insider Monkey’s team. This company is a US-based global energy technology company. It supplies solar micro inverters. The company revolutionized solar energy through its microinverter technology as it manufactures a completely integrated solar-plus-storage solution. During the third quarter of 2020, the company reported a revenue of $178.5 million. Sylebra Capital Management was the main investor to hold stocks of Enphase Energy during the third quarter of 2020. The stocks held by Sylebra were worth $346 million. It is anticipated that the entire clean energy stocks’ sector will witness growth during 2021. Another good stock to buy is Hannon Armstrong Sustainable Infrastructure company. It is also an American company. The core business of the company is to invest in climate-related solutions and to provide capital support to companies associated with renewable energy business. As per available data, the stock price of this company increased by 116.9% while the aggregate growth rate of the company for the past 3 years is 34.4%. The major investors in this company’s stocks include companies from the real estate sector and alternative energy funds. You can read more about other solar energy stocks at 10 Best Solar Energy Stocks to Buy Now.