5 Best Clean Energy Penny Stocks To Buy Now

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In this article, we discuss 5 best clean energy penny stocks to buy now. If you want to read about some more clean energy penny stocks, go directly to 10 Best Clean Energy Penny Stocks To Buy Now

5. American Resources Corporation (NASDAQ:AREC)

Number of Hedge Fund Holders: 4     

Share Price as of August 4: $2.31

American Resources Corporation (NASDAQ:AREC) is a resources firm that is expanding in the rare earth business. These rare earths are used in a variety of high-tech devices, including electric vehicles, that are reducing the reliance of the world on fossil fuels, hence paving the way for a sustainable future. In early June, the company announced that it had completed the first phase of commissioning of a rare earth element isolation and purification at a facility in Indiana. This allows the firm to move for initial production.

American Resources Corporation (NASDAQ:AREC) recently announced that it estimated second quarter revenue for 2022 to be in the $16 million range, up significantly from $9 million reported in the first quarter of 2022. 

At the end of the first quarter of 2022, 4 hedge funds in the database of Insider Monkey held stakes worth $2.1 million in American Resources Corporation (NASDAQ:AREC), compared to 2 in the previous quarter worth $461,000. 

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