Top 5 Multibagger Penny Stocks to Buy in 2022

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1. Sunworks, Inc. (NASDAQ:SUNW)

Number of Hedge Fund Holders: 7

Sunworks, Inc. (NASDAQ:SUNW) is a Provo, Utah-based provider of solar power solutions.

In April, Donovan Schafer at Northland gave Sunworks, Inc. (NASDAQ:SUNW) an Outperform rating with a price target of $4.50. The analyst thinks that the company is the only publicly listed operator in the solar industry with a keen focus on controlling the installation, logistics, and procurement processes and making it their key competitive advantage. Schaffer highlighted Sunworks, Inc.’s (NASDAQ:SUNW) “differentiated” installation-focused business model for residential customers. He sees an attractive entry position for the investors at the current price levels.

Israel Englander’s Millennium Management is the biggest hedge fund holder of Sunworks, Inc. (NASDAQ:SUNW) stock, with ownership of over 603,519 shares or 1.83% of the total shares outstanding as of Q1 2022.

You can also take a peek at the 10 Best Natural Gas Stocks to Buy Now and 10 Latest Stocks to Consider in the Portfolio of Nancy Pelosi.

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