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Are you interested in the potential growth of the clean energy industry?

We ran a screen on companies that use or produce clean sources of energy for those that hedge fund managers expect to outperform, with significant net institutional purchases 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 these stocks will outperform like hedge funds expect? Use this list as a starting point for your own analysis.

1. Ameresco, Inc. (NYSE:AMRC): Provides energy efficiency solutions for facilities in North America. Net institutional purchases in the current quarter at 698.7K shares, which represents about 4.3% of the company's float of 16.24M shares.

2. Ashland Inc. (NYSE:ASH): Operates as a specialty chemicals company in the United States and internationally. Net institutional purchases in the current quarter at 3.9M shares, which represents about 5.36% of the company's float of 72.73M shares.

3. Clean Energy Fuels Corp. (NASDAQ:CLNE): Provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. Net institutional purchases in the current quarter at 1.9M shares, which represents about 3.53% of the company's float of 53.82M shares.

4. Energy Recovery, Inc. (NASDAQ:ERII): Engages in the development, manufacture, and sale of energy recovery devices and pumps primarily for use in seawater and brackish water desalination worldwide. Net institutional purchases in the current quarter at 1.5M shares, which represents about 3.4% of the company's float of 44.16M shares.

5. Green Plains Renewable Energy, Inc. (NASDAQ:GPRE): Engages in the production, marketing, and distribution of ethanol and related distillers grains in the United States. Net institutional purchases in the current quarter at 827.1K shares, which represents about 3.01% of the company's float of 27.49M shares.

6. Power-One Inc. (NASDAQ:PWER): Designs, manufactures, and markets power conversion and power management solutions for the renewable energy, communications infrastructure, and other technology markets. Net institutional purchases in the current quarter at 16.9M shares, which represents about 18.21% of the company's float of 92.81M shares.

7. Tesla Motors, Inc. (NASDAQ:TSLA): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Net institutional purchases in the current quarter at 6.5M shares, which represents about 9.47% of the company's float of 68.63M shares.

8. WCA Waste Corporation (NASDAQ:WCAA): Provides non-hazardous solid waste collection, transfer, processing, and disposal services in the United States. Net institutional purchases in the current quarter at 4.3M shares, which represents about 31.39% of the company's float of 13.70M shares.

9. Westport Innovations Inc. (NASDAQ:WPRT): Provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. Net institutional purchases in the current quarter at 2.4M shares, which represents about 5.7% of the company's float of 42.09M shares.

*Institutional data sourced from Fidelity all other data sourced from Finviz.

Source: Hedge Funds Love These 9 Clean Energy Stocks