5 High Growth Penny Stocks that are Profitable

2. The Lion Electric Company (NYSE:LEV)

Q/Q Sales Growth: 345%

Number of Hedge Fund Holders in Q4 2022: 15

The Lion Electric Company (NYSE:LEV) is a Canadian automaker that makes and sells electric buses and trucks. The firm is headquartered in Saint Jerome, Canada.

The Lion Electric Company (NYSE:LEV)’s September quarter of 2022 revenue stood at $41 million, for a strong 345% annual growth. By the end of the next quarter, 15 of the 943 hedge funds part of Insider Monkey’s research had invested in the firm.

The Lion Electric Company (NYSE:LEV)’s largest investor is Steve Cohen’s Point72 Asset Management which owns 1.1 million shares that are worth $2.5 million.

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