In this article, we will take a detailed look at the 11 Best Green Energy Penny Stocks to Buy Right Now.
Clean energy stocks are on the move after tax on solar and wind projects was removed from the Senate version of the One Big Beautiful Bill Act. Nevertheless, Taylor Ogan, CEO of Snow Bull Capital, has warned that the US might have shot itself in the foot by rolling back clean energy subsidies.
Abigail Ross Hopper, the CEO of SEIA, shares similar sentiments, reiterating that the new Senate bill is still harmful to the US renewable sector.
“This legislation undermines the very foundation of America’s manufacturing comeback and global energy leadership,” Abigail Ross Hopper, the CEO of SEIA, said in a statement. “If this bill becomes law, families will face higher electric bills, factories will shut down, Americans will lose their jobs, and our electric grid will grow weaker.”
The remarks come on the senate bill phasing out clean electricity investment and production tax credits for wind and solar projects. The credits played a significant role in the expansion of the renewable energy sector. The legislative headwinds come as the clean energy sector is under pressure from higher interest rates, which have made consumer financing more expensive.
Amid the legislative headwinds, the US green energy sector is expected to grow at a compound annual growth rate of 8.7% between 2024 and 2033, according to Allied Market Research. Technological advancements and the surge in demand for energy storage solutions are expected to accelerate growth.
With that in mind, let’s look at the 11 Best Green Energy Penny Stocks to Buy Right Now.
Our Methodology
To compile the list of the 11 Best Green Energy Penny Stocks to Buy Right Now, we scanned various etfs (iShares Global Clean Energy ETF, Invesco WilderHill Clean Energy ETF, ALPS Clean Energy ETF etc.) focusing on companies working on clean energy generation, products and innovation. We only focused on penny stocks, i.e. stocks trading under $5, with significant upside potential and that were popular among elite hedge funds. Finally, we ranked these stocks in ascending order based on their upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Best Green Energy Penny Stocks to Buy Right Now
11. Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
Share Price as of July 14: $4.63
Stock Upside Potential as of June 14: 22.68%
Number of Hedge Fund Holders: 21
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is one of the best green energy penny stocks to buy right now. On July 2, Stifel reiterated a ‘Buy’ rating on the stock and an 8.50 price target. The bullish stance comes as the stock shows impressive momentum following a receipt of additional government funding.
The company has secured $22.7 million in funding as part of the U.S. Department of Energy’s (DOE) Loan Programs Office. It marks the second time Eos Energy Enterprises has secured financing under the facility. It has already utilized $90.8 million under the initial tranche of a $303.5 million loan facility.
Eos Energy is to use the new funding to support capacity expansion efforts as it seeks to meet the growing demand for its solutions. The company is in the process of scaling its manufacturing capabilities. It has also made significant progress in strengthening its balance sheet.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) specializes in the designing, manufacturing, and marketing of zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial applications. It provides long-duration energy storage systems, primarily using its Znyth zinc battery technology.
10. Lithium Americas Corp. (NYSE:LAC)
Share Price as of July 14: $2.95
Stock Upside Potential as of July 14: 35.09%
Number of Hedge Fund Holders: 9
Lithium Americas Corp. (NYSE:LAC) is one of the best green energy penny stocks to buy right now. On June 20, BMO Capital reiterated a ‘Market Perform’ rating on the stock and a $3.50 price target. The research firm remains optimistic about the company’s long-term prospects, as the Thacker Pass Project remains on track.
The large lithium mining and processing operation in Nevada is in the early stages of development. Labor requirements are the key risk factor as Lithium Americas must increase staffing to accelerate the Thacker Pass Project development.
Lithium Americas remains optimistic about securing its first Department of Energy load drawdown in the third quarter as part of its partnership with General Motors (NYSE:GM). The drawdown should strengthen the company’s financial position and provide access to much-needed capital to accelerate the development of the Thacker Pass Project.
Lithium Americas Corp. (NYSE:LAC) is focused on the development of the Thacker Pass project in Nevada. The project aims to produce battery-grade lithium carbonate, to contribute to a domestic lithium supply chain.
9. ChargePoint Holdings, Inc. (NYSE:CHPT)
Share Price as of July 14: $0.66
Stock Upside Potential as of July 14: 51.12%
A number of Hedge Fund Holders: 12
ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the best green energy penny stocks to buy right now. CHPT announced on July 9 that it will initiate a 1-for-20 reverse stock split, effective at 12:01 a.m. ET on July 28, 2025. Approved by shareholders and its governance committee, the move aims to raise the share price above $1.00 to meet NYSE’s compliance standards after a prior notice of deficiency in February 2025.
Following the split, outstanding shares will shrink from ~467 million to ~23.4 million, with proportional adjustments to equity awards, warrants, and convertible notes. No fractional shares will be issued, and holders will receive cash in lieu. CHPT’s ticker remains unchanged, though its CUSIP will be updated. Broker-held shares will adjust automatically, while registered shareholders will receive details via the transfer agent.
ChargePoint Holdings, Inc. (NYSE:CHPT) operates one of the world’s largest electric vehicle (EV) charging networks. It provides charging solutions for individuals, businesses, and fleets.
