5 Best One Dollar Stocks to Buy According To Hedge Funds

3. Heliogen, Inc. (NYSE:HLGN)

Number of Hedge Fund Holders: 16

Share Price as of January 26: $0.5954

Heliogen, Inc. (NYSE:HLGN) is a California-based renewable energy technology company that develops artificial intelligence-focused solar power plants. Citi analyst Scott Gruber on November 2 maintained a Neutral rating on Heliogen, Inc. (NYSE:HLGN) and lowered the firm’s price target on the shares to $2 from $4.25 ahead of the Q3 results. 

According to Insider Monkey’s data, 16 hedge funds were bullish on Heliogen, Inc. (NYSE:HLGN) at the end of the third quarter of 2022, with combined stakes worth $8.6 million. It is one of the best penny stocks to buy according to hedge funds.

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