11 Best Green Energy Penny Stocks to Buy Right Now

3. Wolfspeed, Inc. (NYSE:WOLF)

Share Price as of July 14: $1.43

Stock Upside Potential as of July 14: 121.23%

Number of Hedge Fund Holders: 25

Wolfspeed, Inc. (NYSE:WOLF) is one of the best green energy penny stocks to buy right now. On July 7, the company confirmed the appointment of Gregor van Issum as Chief Financial Officer, effective September 1, 2025.

The appointment comes at a time when the company is facing significant financial challenges. Nevertheless, Van Issum will join with over 20 years of experience in the semiconductor industry and is expected to play a role in revitalizing the company’s fortunes.

“My priority will be providing Wolfspeed’s investors with transparency and clarity, especially during this transformative period,” van Issum said.

The appointment coincides with the addition of Dr. David Emerson, who took over as Chief Operating Officer in May. Wolfspeed is increasingly refreshing and bolstering its management team as it looks to unlock new growth opportunities.

Wolfspeed, Inc. (NYSE:WOLF) is a semiconductor company that specializes in silicon carbide technologies used in various applications, including power modules and discrete power devices. Its products are used in multiple applications, including electric vehicles and renewable energy.