5 Best Growth Stocks Under $10 to Buy

3. Algonquin Power & Utilities Corp. (NYSE:AQN)

Number of Q4 2023 Hedge Fund Shareholders: 29

Latest Trailing P/E Ratio: 206.17

Share Price: $6.18

Algonquin Power & Utilities Corp. (NYSE:AQN) is a Canadian utility company headquartered in Ontario, Canada. It deals with supplying electricity and natural gas across the U.S. The firm is currently in the midst of a management shakeup spearheaded by activist investors and the shares are down 4.1% year to date.

During Q4 2023, 29 out of the 933 hedge funds covered by Insider Monkey were the firm’s shareholders. Algonquin Power & Utilities Corp. (NYSE:AQN)’s largest hedge fund shareholder is Jeffrey Smith’s Starboard Value LP through its $391 million stake.

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