5 Best Inexpensive Stocks to Buy Right Now

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In this article, we discuss the 5 Best Inexpensive Stocks to Buy Right Now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Inexpensive Stocks to Buy Right Now.

5. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 34
Share Price as of November 12: $43.14

Plug Power Inc. (NASDAQ:PLUG) is an American company that develops hydrogen fuel cells systems that are used to replace conventional batteries. Recently, Morgan Stanley raised its price target on Plug Power Inc. (NASDAQ:PLUG) to $65, with an Overweight rating on the shares. The firm’s analyst sees growth in the company’s hydrogen production and electrolyzer business.

At the end of Q2, 34 hedge funds tracked by Insider Monkey reported owning stakes in Plug Power Inc. (NASDAQ:PLUG), up significantly from 24 in the previous quarter. These stakes are valued at $878.4 million. With over 7.52 million shares, D E Shaw is one of the most prominent shareholders of Plug Power Inc. (NASDAQ:PLUG) in Q3.

Plug Power Inc. (NASDAQ:PLUG) announced its Q3 results on November 9 and saw a 34.5% year-over-year growth in its revenue at $143.9 million.

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