11 Best AI Penny Stocks to Invest in Now

4. Stem Inc (NYSE:STEM)

Number of hedge funds positions: 21

On the fourth spot in the list of best AI penny stocks to invest in now is Stem Inc (NYSE:STEM). Stem Inc (NYSE:STEM) provides clean energy solutions and services that aim to maximize the value of energy assets, such as solar generation and battery storage. The company relies on Artificial Intelligence to optimize and manage more efficiently energy assets, for example, by forecasting electricity demand. In April, Stem Inc. (NYSE:STEM) announced that Gerard Cunningham was appointed to its board of directors. Cunningham has a vast experience in AI, having previously founded and led Winistry, an AI-powered marketing platform, and having been a member of a task force on Generative AI at McKinsey & Company.

During the first quarter of 2024, the number of hedge funds from our database bullish on Stem Inc (NYSE:STEM) remained unchanged at 21. Among these funds, the top shareholder is Alkeon Capital Management, which owns 7.19 million shares.