5 Best Battery Stocks to Buy Now

4. Plug Power Inc. (NASDAQ: PLUG)

No. of Hedge Fund Holders: 21

Plug Power ranks 4th on the list 10 best battery stocks to buy now. The New York-based company  makes hydrogen fuel cell systems for telecommunications, transportation and utility sectors. Recently, J.P. Morgan upgraded the stock to Overweight from Neutral with a $65 price target. The firm said that PLUG has “many long-term growth opportunities.” The firm added that PLUG is a “story” stock with strong growth prospects.

As of the end of the fourth quarter, 21 hedge funds in Insider Monkey’s database of 887 funds held stakes in PLUG. D.E. Shaw is the biggest stakeholder in the company, with 15.4 million shares, worth $522.1 million.