5 Best Clean Energy Penny Stocks To Buy Now

2. Uranium Energy Corp. (NYSE:UEC)

Number of Hedge Fund Holders: 12   

In addition to solar and wind companies, stocks like Uranium Energy Corp. (NYSE:UEC) are also central to the clean energy business since nuclear is fast becoming the go-to alternative for countries that want to decrease their reliance on fossil fuels for power consumption. Uranium Energy Corp. (NYSE:UEC) stock has been given an extra boost by the situation in Kazakhstan, one of the premier uranium producing countries in the world, where political events have forced business to come to a halt, this increasing prices. 

HC Wainwright analyst Heiko Ihle recently maintained a Buy rating on Uranium Energy Corp. (NYSE:UEC) stock and raised the price target to $7 from $5.6, highlighting the purchase of Uranium One Americas by Uranium Energy Corp. (NYSE:UEC) in a bullish analysis. 

At the end of the third quarter of 2021,12 hedge funds in the database of Insider Monkey held stakes worth $10 million in Uranium Energy Corp. (NYSE:UEC), compared to 14 in the previous quarter worth $9 million.