5 Best Clean Energy Penny Stocks To Buy Now

3. Sunworks, Inc. (NASDAQ:SUNW)

Number of Hedge Fund Holders: 8    

Sunworks, Inc. (NASDAQ:SUNW) has been on the radar of hedge funds over the past few months. At the end of the third quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $3.3 million in Sunworks, Inc. (NASDAQ:SUNW), up from 5 in the previous quarter worth $3.1 million. Sunworks, Inc. (NASDAQ:SUNW) markets photovoltaic-based power systems. 

Sunworks, Inc. (NASDAQ:SUNW) stock has jumped amid the successful passage of the Biden Infrastructure Plan that extends tax breaks for clean energy firms and ramps up government spending in the sector. Analysts like Jefferies and have also touted the potential of stocks like Sunworks, Inc. (NASDAQ:SUNW) as a “revolution for a decarbonized world” in bullish analysis over the past few months.