5 Best Stocks to Invest Your $1000

3. Plug Power Inc. (NASDAQ: PLUG)

Number of Hedge Fund Holders: 25

Plug Power Inc. (NASDAQ: PLUG) ranks 3rd in or list of the best stocks to invest your $1000 because it’s operating in the hydrogen fuel cell market, which is set to rise as the world shifts towards renewable energy sources. Plug Power’s hydrogen fuel cell systems replace conventional batteries in EVs and other products.

BTIG’s analyst Gregory Lewis recently started covering Plug Power Inc. (NASDAQ: PLUG) with a Buy rating and a $40 price target. The analyst believes the company is a “well-capitalized” first mover with strategic partners in the green hydrogen supply chain. Lewis thinks hydrogen is still in its “infancy” and green hydrogen will gain a lot of momentum in the next two decades.