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.
8. EVgo, Inc. (NASDAQ:EVGO)
Share Price as of July 14: $3.43
Stock Upside Potential as of July 14: 64.35%
Number of Hedge Fund Holders: 26
Evgo, Inc. (NASDAQ:EVGO) is one of the best green energy penny stocks to buy right now. On June 17, UBS reiterated a ‘Buy’ rating and a $5 price target. UBS views the company as its preferred electric vehicle charging investment as it is poised to benefit from various catalysts.
For starters, the research firm has echoed the long-term impact of additional Department of Energy loan disbursements. It expects the disbursements to provide Evgo with extra capital. In addition, UBS expects the company to achieve its first-ever positive adjusted EBITDA quarter in Q2, marking an essential step toward profitability.
Consequently, UBS expects Evgo to generate adjusted EBITDA of $3.5 million in 2025, $36.4 million in 2026, and $61.8 million in 2027. In the first quarter, the company generated $75.3 million in revenues, better than the $71.4 million that analysts expected.
Evgo, Inc. (NASDAQ:EVGO) is a leading provider of fast charging stations for electric cars, making it easier for people to own and use EVs. It builds and operates a public fast-charging network for electric vehicles.
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.
6. OPAL Fuels Inc. (NASDAQ:OPAL)
Share Price as of July 14: $2.54
Stock Upside Potential as of July 14: 69.32%
Number of Hedge Fund Holders: 9
OPAL Fuels Inc. (NASDAQ:OPAL) is one of the best green energy penny stocks to buy right now. On June 30, the company was officially added to the Russell 3000 index. The addition is a significant boost to the company’s profile as the index lists the 3,000 largest US stocks by market capitalization.
With the addition, Opal will also be included in the small-cap Russell 2000 index, in addition to other growth and value style indexes. The addition marks a significant achievement in the company’s evolution.
“This recognition highlights our position as an emerging leader in the small-cap segment, providing investors with exposure to our innovative, vertically integrated renewable energy model. We expect this recognition to enhance our visibility among investors,” said Jonathan Maurer, Co-Chief Executive Officer of OPAL Fuels
OPAL Fuels Inc. (NASDAQ:OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. It is also a leader in the marketing and distribution of RNG to heavy-duty trucking and other hard-to-decarbonize industrial sectors.
5. NextNRG Inc. (NASDAQ:NXXT)
Share Price as of July 14: $2.11
Stock Upside Potential as of July 14: 86.72%
Number of Hedge Fund Holders: 4
NextNRG Inc. (NASDAQ:NXXT) is one of the best green energy penny stocks to buy right now. On July 3, the company announced an at-the-market sales agreement with ThinkEquity LLC, H.C. Wainwright & Co., LLC, and Roth Capital Partners, LLC. Under the terms of the contract, the company is to offer its shares of common stock to the public.
The company is targeting up to $75 million from the offering. The sales agents are tasked with using all commercially available efforts to sell NextNRG shares at any specified price, time, and size limits. In return, the company is to pay the agents a fixed commission rate of 3% of the gross proceeds.
The offering comes on the heels of NextNRG’s acquisition of ReFuel Mobile, a Canadian mobile refueling company. The acquisition marks the company’s first international expansion and is expected to close on August 1.
NextNRG Inc. (NASDAQ:NXXT) is a provider of renewable energy and mobile fueling solutions. It develops and deploys integrated energy systems, including solar power generation, battery storage, wireless EV charging, and on-demand fuel delivery.
4. Energy Vault Holdings, Inc. (NYSE:NRGV)
Share Price as of July 14: $0.84
Stock Upside Potential as of July 14: 103.40%
Number of Hedge Fund Holders: 10
Energy Vault Holdings, Inc. (NYSE:NRGV) is one of the 11 best green energy penny stocks to buy right now. On June 11, the company announced it had achieved a major milestone with the commercial operation of a two-hour battery energy storage system (BESS).
The company has completed and started commercial operation of the 57MW two-hour Cross Trails BESS in Scurry County, Texas. The battery solution has already begun providing energy and ancillary services to support renewable energy production and improve grid resiliency.
The BESS leverages the company’s integrated solution stack of hardware, software, and services offerings. It serves as the first deployment of a second-generation B-VAULT AC product designed to enable high levels of system availability in the Electric Reliability Council of Texas (ERCOT) region.
According to Marco Terruzzin, Chief Revenue Officer at Energy Vault, the milestones underscore Energy Vault’s ability to execute complex energy storage deployments with speed and quality.
Energy Vault Holdings, Inc. (NYSE:NRGV) develops, deploys, and operates utility-scale energy storage solutions. Its solutions are designed to enhance the world’s approach to sustainable energy storage.
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.
2. SolarBank Corporation (NASDAQ:SUUN)
Share Price as of July 14: $1.52
Stock Upside Potential as of July 14: 223.68%
Number of Hedge Fund Holders: 1
SolarBank Corporation (NASDAQ:SUUN) is one of the best green energy penny stocks to buy right now. On July 8, D. Boral Capital initiated coverage of the stock with a ‘Buy’ rating and a$4 price target. The firm has echoed the company’s transition from an engineering and construction model to one that incorporates asset ownership.
Consequently, the research firm expects the transition to trigger a significant increase in the company’s recurring revenue. It expects growth beyond the 32MW in power capacity that generated $9.2M in the last 12 months. D. Boral Capital is optimistic that the company will reach over $100 million in recurring revenue by 2030 as it continues to develop, own, and operate solar photovoltaic farms and battery energy storage systems.
Boral Capital expects a significant upside following SolarBank’s acquisition of Solar Flow, which ended up adding 70 contracted solar assets, generating significant recurring revenue. In addition, the firm insists that the company is well-capitalized for expansion, given its $190 million in total assets and a strong, diversified project pipeline.
SolarBank Corporation (NASDAQ:SUUN) develops, owns, and operates renewable and clean energy projects. It primarily focuses on solar power. It sells clean energy to utilities, commercial, industrial, municipal, and residential customers.
1. Gevo, Inc. (NASDAQ:GEVO)
Share Price as of July 14: $1.49
Stock Upside Potential as of July 14: 420.13%
Number of Hedge Fund Holders: 14
Gevo, Inc. (NASDAQ:GEVO) is one of the best green energy penny stocks to buy right now. On June 30, the company’s subsidiary, Gevo Intermediate Hold Co, LLC, entered into a Tax Credit Transfer Agreement with a bank.
The agreement is for the supply of $22 million worth of Clean Fuel Production Credits from ethanol production in 2025. The bank in question has also obtained additional rights, including the right of first offer for up to $20 million of extra 2025 credits and the right of first refusal on all 2026 credits.
The deal provides near-term funding for Gevo while preserving shareholder value without issuing equity or debt. The $22 million credit deal hinges on successful ethanol output by year-end, making it credit-positive. The $5 million in immediate proceeds should strengthen the company’s liquidity position, as the $22 million in contracted 2025 credits validate credit market demand.
Gevo, Inc. (NASDAQ:GEVO) is a renewable chemical and advanced biofuel company focused on developing and commercializing sustainable alternatives to petroleum-based products. As one of the best green energy companies, it utilizes renewable resources, such as carbohydrates from plants, to produce energy-dense liquid hydrocarbons for transportation fuels, including gasoline, jet fuel, and diesel.
While we acknowledge the potential of GEVO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEVO and that has 100x upside potential, check out our report about this cheapest AI stock.
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