15 Best Penny Stocks to Buy According to Billionaires

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11. Enel Chile S.A. (NYSE:ENIC)

Price: $3.40

Number of Hedge Fund Holders: 15

Number of Billionaire Investors: 6

Total Value of Billionaire Holdings: $17,894,620

Enel Chile S.A. (NYSE:ENIC) is a leading Chilean electricity utility company that operates through three core segments including generation, distribution, and other energy-related services. Its notable projects include the Los Cóndores Hydroelectric Plant.

The company has made significant financial and strategic progress in 2024, driven by improved operational performance, renewable energy expansion, and proactive measures to address regulatory and climate challenges. During fiscal 2024, the hydro generation increased by 12% in 2024 compared to the previous year, adding 1.5 terawatt-hours of electricity. This was supported by favorable hydrological conditions, including El Nino in 2023 and a strong rainy season in 2024. As a result, its total electricity generation reached 24.6 terawatt-hours in 2024, a 2% increase from 2023. Moreover, energy sales grew by 8%, reaching 33.4 terawatt-hours, driven by increased sales to regulated customers and free clients. Enel Chile S.A. (NYSE:ENIC) is held by 6 billionaire investors making it one of the best penny stocks to buy according to billionaires.

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