President Joe Biden of the United States has made climate change a deep concern. He has pledged to reduce US carbon emissions by half by the end of this decade. Over $35 billion has been set up for research and development in the flagship $2 trillion American Jobs Plan. Since the Biden administration unveiled the proposal, climate change stocks have risen. In 2020, the United States invested more than $55 billion in sustainable energy initiatives. Hedge funds recommend General Electric Company and Tesla as two of the finest climate change equities to buy right now.
Here is the list of the 11 best climate change stocks to buy according to hedge funds. Orbital Energy Group, Inc. is owned by several hedge funds, indicating that, despite its cheap valuation, the firm offers good value. A contract to build nearly 2,000 miles of a rural broadband network was recently awarded to the company. Sunworks, Inc. boosted revenue by over 230 percent year over year in the second quarter, beating market expectations on earnings per share. It has also made a growth investment, acquired Solcius, a fast-growing solar company, for $51 million in April. Hedge funds ranked Canadian Solar Inc. ninth on their list of the top 11 climate change equities to purchase. Solar stock prices have dipped due to a recent government decision to restrict solar panel imports from China. The eighth greatest climate change stock to buy, according to hedge funds, is Brookfield Renewable Partners L.P. With 19,000 megawatts of installed capacity, the company owns and operates a diverse range of power-generating facilities around the world. Plug Power Inc. is ranked seventh among the 11 best climate change stocks to purchase according to hedge funds on the list. The firm’s stock price has increased by more than 61 percent in the last year. Citi analyst PJ Juvekar visited the company’s headquarters to analyze the buzz surrounding the new technology. For more details, click 11 Best Climate Change Stocks To Buy According To Hedge Funds.
