5 Worst Performing Utility Stocks in 2023

4. Smart Powerr Corp. (NASDAQ:CREG)

Year to Date Share Price Losses: 49.81%

Smart Powerr Corp. (NASDAQ:CREG) is a Chinese recycling company. Its share price drop this year has landed the company into trouble with the NASDAQ exchange, and Smart Powerr Corp. (NASDAQ:CREG) only recently regained compliance.

As March ended, four of the 943 hedge funds part of Insider Monkey’s research had invested in Smart Powerr Corp. (NASDAQ:CREG). Ken Griffin’s Citadel Investment Group is the largest shareholder due to its $82.5 million investment.

Follow China Recycling Energy Corp (NASDAQ:CREG)