5 High-Flying Penny Stocks to Buy

4. Alto Ingredients, Inc. (NASDAQ:ALTO)

Number of Hedge Fund Holders: 19

Alto Ingredients, Inc. (NASDAQ:ALTO) is one of the High-Flying Penny Stocks to Buy. On March 6, H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Alto Ingredients, Inc. (NASDAQ:ALTO) without disclosing any price targets.

​The analyst highlighted the company’s turnaround to profitability and operational execution in fiscal Q4 2025 as key reasons behind the bullish sentiment. Alto Ingredients posted robust net income in the quarter along with a strong adjusted EBITDA, which was up significantly from last year’s net loss and was driven by cost discipline, higher margins in export and European sales, and better cash spread.

​Moreover, the analyst also noted structural advantages such as expanding benefits from 45Z tax credits and diversification away from traditional ethanol. The analyst expects higher tax credit values in 2026, along with opportunities from lower carbon intensity, higher volumes, and supportive regulations for ethanol blends.

​Alto Ingredients, Inc. (NASDAQ:ALTO) produces and distributes specialty alcohols, renewable fuels like ethanol, and essential ingredients derived mainly from corn.