5 Best Alternative Energy Stocks to Buy Now

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In this article, we discuss 5 best alternative energy stocks to buy now. If you want to read about some more alternative energy stocks, go directly to 11 Best Alternative Energy Stocks to Buy Now.

5. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 26  

Plug Power Inc. (NASDAQ:PLUG) delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for various sectors. It is one of the top clean energy stocks to invest in. On September 8, the company announced that it had secured the largest multi-site electrolyzer order in Europe to date. Lhyfe placed an order for ten 5MW PEM electrolyzer systems for production of green hydrogen across multiple plants in Europe. The electrolyzers will be assembled in Europe. Lhyfe aims to produce renewable green hydrogen using primarily wind and solar-power for various mobility applications in Europe.

On August 26, Craig-Hallum analyst Eric Stine maintained a Buy rating on Plug Power  Inc. (NASDAQ:PLUG) stock and raised the price target to $38 from $31, highlighting the green hydrogen supply agreement with Amazon that had strengthened the firm. 

At the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $259 million in Plug Power Inc. (NASDAQ:PLUG), compared to 33 in the preceding quarter worth $509.8 million.

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