5 Best NASDAQ Penny Stocks To Invest In

4. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 26

Share Price as of February 11: $4.33

Plug Power Inc. (NASDAQ:PLUG) specializes in delivering clean hydrogen and zero-emissions fuel cell solutions for different applications, including supply chain, logistics, on-road electric vehicles, and stationary power markets. Plug Power Inc. (NASDAQ:PLUG) ranks 4th on our list of the best penny stocks to buy. 

On February 3, Roth MKM, an investment advisory firm, upgraded Plug Power Inc. (NASDAQ:PLUG) stock from Neutral to Buy, expressing confidence in the smooth progress of the company’s Georgia green hydrogen plant ramp-up.

According to Insider Monkey’s third quarter database, 26 hedge funds were bullish on Plug Power Inc. (NASDAQ:PLUG), compared to 20 funds in the prior quarter. Israel Englander’s Millennium Management is a prominent stakeholder of the company, with a position worth $25.7 million. 

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