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Institutional investors like hedge fund managers and mutual fund managers report their investing activities on a regular basis, and this is interesting info to other investors looking to follow the “smart money.” Because these smart money investors have access to sophisticated research and have a lot of experience, the stocks they buy and sell can be an interesting starting point for your own research.

We ran a screen on stocks in the clean energy industry for those with the greatest net buying from institutional investors over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. (To access a complete analysis of this list's recent performance, click here.)

Do you think hedge funds are calling it right on these names? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. Tesla Motors, Inc. (NASDAQ:TSLA) designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Market cap of $3.63B. Net institutional shares purchased over the current quarter at 9.6M, which is 17.45% of the company's 55.02M share float. The stock is a short squeeze candidate, with a short float at 44.46% (equivalent to 23.89 days of average volume). The stock has had a couple of great days, gaining 13.15% over the last week.

2. General Cable Corp. (NYSE:BGC) provides copper, aluminum, and fiber optic wire and cable products worldwide. Market cap of $1.40B. Net institutional shares purchased over the current quarter at 5.8M, which is 11.94% of the company's 48.57M share float. The stock is a short squeeze candidate, with a short float at 6.09% (equivalent to 5.07 days of average volume). The stock has lost 13.2% over the last year.

3. Newpark Resources Inc. (NYSE:NR) provides fluids management, waste disposal, and well site preparation products and services primarily to the oil and gas exploration and production industry. Market cap of $841.22M. Net institutional shares purchased over the current quarter at 8.2M, which is 9.13% of the company's 89.77M share float. The stock is a short squeeze candidate, with a short float at 9.23% (equivalent to 6.7 days of average volume). The stock has had a good month, gaining 12.42%.

4. Fuel-Tech, Inc. (NASDAQ:FTEK) uses a suite of advanced technologies to provide boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. Market cap of $146.19M. Net institutional shares purchased over the current quarter at 1.6M, which is 8.99% of the company's 17.79M share float. The stock is a short squeeze candidate, with a short float at 6.07% (equivalent to 7.3 days of average volume). The stock has recently rebounded, and is currently trading 7.78% above its SMA20 and 8.81% above its SMA50. However, the stock still trades 10.76% below its SMA200. The stock has had a good month, gaining 14.31%.

5. Calpine Corp. (NYSE:CPN), an independent wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. Market cap of $6.66B. Net institutional shares purchased over the current quarter at 26.6M, which is 8.73% of the company's 304.70M share float. The stock has gained 20.9% over the last year.

6. Watts Water Technologies, Inc. (NYSE:WTS) designs, manufactures, and sells water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets in North America, Europe, and China. Market cap of $1.32B. Net institutional shares purchased over the current quarter at 1.8M, which is 6.26% of the company's 28.77M share float. The stock is a short squeeze candidate, with a short float at 6.95% (equivalent to 7.82 days of average volume). The stock has had a good month, gaining 20.41%.

7. MEMC Electronic Materials Inc. (WFR) engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. Market cap of $1.08B. Net institutional shares purchased over the current quarter at 14.2M, which is 6.19% of the company's 229.54M share float. The stock is currently stuck in a downtrend, trading 17.48% below its SMA20, 22.73% below its SMA50, and 50.42% below its SMA200. The stock has performed poorly over the last month, losing 22.13%.

8. Progressive Waste Solutions Ltd. (NYSE:BIN) operates as a vertically integrated waste management company in North America. Market cap of $2.43B. Net institutional shares purchased over the current quarter at 7.2M, which is 6.10% of the company's 118.00M share float. The stock has lost 8.89% over the last year.

9. Ameresco, Inc. (NYSE:AMRC) provides energy efficiency solutions for facilities in North America. Market cap of $478.08M. Net institutional shares purchased over the current quarter at 821.6K, which is 5.28% of the company's 15.55M share float. The stock is a short squeeze candidate, with a short float at 6.47% (equivalent to 6.89 days of average volume). The stock has had a couple of great days, gaining 9.36% over the last week.

10. Maxwell Technologies Inc. (NASDAQ:MXWL) develops, manufactures, and markets energy storage and power delivery products, and microelectronic products. Market cap of $501.0M. Net institutional shares purchased over the current quarter at 1.1M, which is 4.21% of the company's 26.15M share float. The stock is a short squeeze candidate, with a short float at 10.17% (equivalent to 11.26 days of average volume). The stock has gained 20.34% over the last year.

Data as of Nov. 15. Institutional data sourced from Fidelity; all other data sourced from Finviz.

Source: 10 Clean Energy Stocks Hedge Funds Are Buying