5 Solar Penny Stocks to Buy According to Reddit

3. Orbital Energy Group, Inc. (NASDAQ: OEG)

Number of Hedge Fund Holders: 5  

Orbital Energy Group, Inc. (NASDAQ: OEG) is a Texas-based company that provides electric power and solar infrastructure. It is ranked third on our list of 10 solar penny stocks to buy according to Reddit. On August 9, the share price of the firm jumped close to 4% after it announced that it had won an engineering, procurement and construction contract from a large energy company for the construction of a 130 MV solar farm. The company plans to construct the project over 800 acres of land and install 350,000 solar panels in the area. 

On June 16, investment advisory B Riley reiterated a Buy rating on Orbital Energy Group, Inc. (NASDAQ: OEG) stock with a price target of $7, noting that the company was positioned for significant growth in the coming months. 

At the end of the first quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $1.8 million in Orbital Energy Group, Inc. (NASDAQ: OEG), up from 3 in the preceding quarter worth $240,000.