5 Best Stocks to Buy Under $30 According to Bruce Kovner’s Caxton Associates

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In this article, we discuss the 5 best stocks to buy under $30 according to Bruce Kovner’s Caxton Associates. If you want to read our detailed analysis of Kovner’s history, investment philosophy, and hedge fund performance, go directly to 10 Best Stocks to Buy Under $30 According to Bruce Kovner’s Caxton Associates.

5. SunPower Corporation (NASDAQ:SPWR

Caxton Associates’ Stake Value: $1,150,000

Stock Price as of October 4: $23.09

Number of Hedge Fund Holders: 25

SunPower Corporation (NASDAQ:SPWR) is the fifth stock on our list of the best stocks under $30 according to Bruce Kovner’s Caxton Associates. SunPower Corporation (NASDAQ:SPWR) is an American provider of solar power and energy generation. The stock is traded as a S&P 400 component. 

Kovner’s Caxton Associates owns 39,355 shares in SunPower Corporation (NASDAQ:SPWR), worth $1.15 million.

Truist analyst Tristan Richardson kept a Hold rating on SunPower Corporation (NASDAQ:SPWR), and lowered the price target from $28 to $26.

Out of the hedge funds tracked by Insider Monkey, D E Shaw is the largest stakeholder in the company, with 3.19 million shares worth over $93.4 million.

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