5 Best Affordable Energy Stocks to Buy Now

Page 1 of 5

In this article, we discuss the 5 best affordable energy stocks to buy now. If you want to read about some more affordable energy stocks, go directly to 12 Best Affordable Energy Stocks to Buy Now.

5. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 32 

Share Price as of December 1: $15.96   

Plug Power Inc. (NASDAQ:PLUG) delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power markets, and others in North America and internationally. On October 19, Plug Power and Lin Corp, an American manufacturer of ammunition, sodium hydroxide and chlorine, planned a joint venture for the construction of a 15 tons per day hydrogen plant in St. Gabriel, La. Plug Power will be the exclusive marketer of this joint venture’s hydrogen.

On November 10, Truist analyst Bronson Fleig maintained a Hold rating on Plug Power Inc. (NASDAQ:PLUG) stock and lowered the price target to $18 from $32, noting that the company missed the third quarter earnings estimates by a substantial margin.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Plug Power Inc. (NASDAQ:PLUG) with 118.5 million shares worth more than $498.5 million. 

Page 1 of 5