11 Best Green Energy Penny Stocks to Buy Right Now

7. TPI Composites, Inc. (NASDAQ:TPIC)

Share Price as of July 14: $0.82

Stock Upside Potential as of July 14: 65.48%

Number of Hedge Fund Holders: 7

TPI Composites, Inc. (NASDAQ:TPIC) is one of the best green energy penny stocks to buy right now. On July 8, TD Cowen downgraded the stock to a ‘Hold’ from a ‘Buy’ and cut the price target to $1 from $2. The adjustment comes amid concerns about mounting policy risks and capital structure.

The research firm is wary that the Offshore Backup Bipartisan Budget (OBBB) will have a significant impact on TPI Composite operations. That’s because the legislation will do away with product tax credits after 2027, which could trigger a substantial dip in demand for the company’s wind blades.

Nevertheless, the research firm is bullish on the company securing production volumes through 2025. The new orders are expected to provide some form of stability for the business.

TPI Composites, Inc. (NASDAQ:TPIC) designs, manufactures, and supplies composite wind blades for the wind energy market. It is the largest independent manufacturer of composite wind blades globally.