5 Best Nano-Cap Stocks To Buy For 2022

4. Fusion Fuel Green PLC (NASDAQ:HTOO)

Market Cap as of October 14: $59.4 Million

Number of Hedge Fund Holders: 4

Fusion Fuel Green PLC (NASDAQ:HTOO) is an Ireland-based green hydrogen company. The company provides hydrogen generators to clients that operate green hydrogen plants. Fusion Fuel Green PLC (NASDAQ:HTOO) is expected to benefit from secular growth trends in the green hydrogen space and is positioned to gain value in the foreseeable future. The stock is ranked high among the best micro-cap stocks to buy now.

On August 18, Fusion Fuel Green PLC (NASDAQ:HTOO) announced that it has received confirmation for funding the development of its 6.6-megawatt HEVO-Industria green hydrogen project in Sines from the Portuguese government. The Portuguese government is expected to give the company up to EUR 10 million to develop its green hydrogen project.

On September 22, RBC Capital analyst Erwan Kerouredan took coverage of Fusion Fuel Green PLC (NASDAQ:HTOO) with a Sector Perform rating and a $7 price target. The analyst noted that Fusion Fuel Green PLC (NASDAQ:HTOO) is a pure-play green hydrogen company and has a “differentiated” positioning in the energy transition space.

At the close of Q2 2022, 4 hedge funds were long Fusion Fuel Green PLC (NASDAQ:HTOO) and held stakes worth $15.45 million in the company. As of June 30, MAK Capital One is the leading shareholder in Fusion Fuel Green PLC (NASDAQ:HTOO) and has stakes worth $13.5 million in the company.