5 Best Clean Energy Penny Stocks To Buy Now

4. Orbital Energy Group, Inc. (NASDAQ:OEG)

Number of Hedge Fund Holders: 6  

Orbital Energy Group, Inc. (NASDAQ:OEG) provides electric power and solar infrastructure. The stock has soared in the past few months after an important acquisition and insider buying. In November, Orbital Energy Group, Inc. (NASDAQ:OEG) announced it had purchased electric infrastructure firm Front Line Power in a deal worth $218 million. The purchase could see the revenue of the former exceed $300 million in 2022. In December, the CEO of the firm, Jim O’Neil, purchased 165,000 Orbital Energy Group, Inc. (NASDAQ:OEG) shares in two days. 

Orbital Energy Group, Inc. (NASDAQ:OEG) was also awarded a lucrative contract to build 1,910 miles of a rural broadband network in Virginia by telecom giant Charter Communications in late September. Orbital Energy Group, Inc. (NASDAQ:OEG) operates from Texas. 

There has been significant hedge fund interest in Orbital Energy Group, Inc. (NASDAQ:OEG) in the past few months. At the end of the third quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $3 million in Orbital Energy Group, Inc. (NASDAQ:OEG), up from 4 in the preceding quarter worth $4 million.