5 Solar Penny Stocks to Buy According to Reddit

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1. Sunworks, Inc. (NASDAQ: SUNW)

Number of Hedge Fund Holders: 6    

Sunworks, Inc. (NASDAQ: SUNW) is ranked first on our list of 10 solar penny stocks to buy according to Reddit. The firm operates from California and markets photovoltaic power systems for use in a variety of purposes. In earnings results for the second quarter, posted on August 12, the company reported earnings per share of -$0.07, beating market predictions by $0.08. The revenue over the period was more than $32 million, up over 231% compared to the revenue over the same period last year. 

In April, investment advisory Roth Capital resumed coverage of Sunworks, Inc. (NASDAQ: SUNW) stock with a Neutral rating and a price target of $10.75, highlighting the improved revenue growth and margin expansion of the firm.  

At the end of the first quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $13.2 million in Sunworks, Inc. (NASDAQ: SUNW), up from 4 in the previous quarter worth $1.2 million.

You can also take a peek at 10 Best Dividend Stocks to Buy in August According to Hedge Funds and 10 Best Nickel Stocks to Buy Now.

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