The green energy industry is working hard to make clean energy more accessible. It is expected that in 2022, the United States will see a record number of solar and wind projects come online. As the clean energy boom continues, attention will turn to the businesses that have been left behind. As of 2022, S&P predicts that the United States will have installed 44 GW of solar, 27.5 GW of wind, and 8 GW of battery storage in its grid. Over $63 billion has been allocated by the United States government to modernize the country’s utility infrastructure.
Insider Monkey selected 10 green energy stocks that analysts are recommending for the future. Syllebra Capital Management owns more than $41 million worth of Renewable Energy Group, Inc. stock. Adding Amber Resources to the company’s revenue mix would result in “more downstream gallons.” Brookfield Renewable Partners L.P. is a private equity firm that invests in and operates wind and solar power plants. As of January 18, National Bank had upgraded the stock from Sector Perform to Outperform. Select Equity Group owns 1.1 million shares worth more than $40 million in the company. It is a New Jersey-based renewable energy company, Clearway Energy, Inc. In recent months, hedge funds have piled into the stock. There were 21 hedge funds with stakes totaling $182 million in the company as of the end of the fourth quarter of 2021. Clean energy stock TPI Composites Inc. is a leader on Wall Street. Wind blades are manufactured and sold by the company. In TPI Composites, Renaissance Technologies owns 753,600 shares valued at more than $11 million. Plug Power Inc.’s major shareholder DE Shaw owns 5.8 million shares worth over $166 million, according to Insider Monkey. On January 26, Biju Perincheril, a Susquehanna analyst, began coverage with a Positive rating and a $26 price target. For more details, click 10 Green Energy Stocks That Analysts Are Recommending For The Future.
