11 Best Rising Penny Stocks to Buy According to Hedge Funds

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5. ATRenew Inc. (NYSE:RERE)

Price: $4.55

1 Month Performance: 35.01%

Number of Hedge Fund Holders: 15

ATRenew Inc. (NYSE:RERE) is one of the Best Rising Penny Stocks to Buy According to Hedge Funds. On August 20, ATRenew Inc. (NYSE:RERE) released results for its fiscal second quarter of 2025. Both the revenue and EPS came in above Wall Street targets.

The company delivered a revenue of $695.60 million, reflecting a 31.25% growth year-over-year and ahead of estimates by $31.47 million. The EPS of $0.09 also exceeded expectations by $0.01. Management noted that the growth was driven by stronger online sales of pre-owned electronics and multi-category recycling services. Although the operating cost for the quarter increased by 29.6%, mainly due to higher merchandise, fulfillment, marketing, and personnel expenses, the company expanded operations. However, despite this, the profit grew to $12.7 million, supported by a rising retail revenue proportion and efficient expense management.

ATRenew Inc. (NYSE:RERE) is a leading platform in China for buying, selling, and recycling pre-owned consumer electronics like mobile phones and laptops.

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