Catherine Wood is a well-known stock-picker in the financial industry. Wood is expected to have a real-time net worth of $250 million by the year 2021. ARK Investment Management currently has her as CEO and CIO. Cathie Wood’s investment strategy is based on investing in stocks that are able to adapt to changes in the global economy. Since investing heavily in future technological stocks, ARK Invest’s flagship Innovation ETF has lost 10 percent in December and has lost 23.7 percent this year. On the other hand, Wood thinks this is just a short-term dip.
Insider Monkey analyzes the list of the best green energy stocks in Cathie Wood’s portfolio. Its stake in AeroVironment, Inc. increased by 97 percent and now stands at $75.4 million. ARK Investment Management Cathie Wood owns 0.08% of the company’s stock. A Sector Perform rating and a $95 price target were given by RBC Capital in October of this year. Deere & Company is a manufacturer in the United States of America. This is an increase from the previous quarter, when 52 hedge funds reported holding stakes. First Eagle Investment Management held more than 1.4 million shares of the company in the third quarter. Construction, mining, forestry, and military equipment manufacturer Komatsu Ltd. is located in Japan. There are plans to reduce electric power consumption by half at the company’s assembly plant in Japan. Investors in ARK Investment Management have gained a 22 percent stake in the company. 0.29 percent of the hedge fund’s 13F portfolio is invested in Lockheed Martin Corporation. Lockheed Martin reported an EPS of $6.93 in the third quarter, beating expectations by $0.13. When Peloton Interactive, Inc. opens its factory in 2023, it will be powered by renewable energy sources. In Q3, Tiger Global Management LLC held a $626.4 million stake in Peloton. For more details, click The Best Green Energy Stocks In Cathie Wood’s Portfolio.
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