Are These Hot Penny Stocks On Your List Today?
Look at the stock market today and the hot penny stocks turning heads, premarket. What sectors are performing well? One of the biggest topics of discussion, and it has been more months, is electric vehicles and EV stocks. I’d say that since Tesla’s (TSLA Stock Report) Battery Day, EV fever has been heating up in a big way. We’re seeing former penny stocks like Nio Inc. (NIO Stock Report) now trading over $50 a share.
We’re also seeing companies that were once “rumor plays” trading under $1 now becoming contenders in the EV race. Look at Electrameccanica Vehicles Corp. Ltd. (SOLO Stock Report) too. These companies have been frequently discussed on this site throughout the year. Nio, in particular, we’ve followed since it first became a penny stock and went to trade as low as nearly $1 a share last year.
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Then it comes down to it, the latest trend in the stock market has targeted the entire EV sector. This includes everything from the raw materials to make batteries and the cars themselves, to ancillary businesses that include mobile charging stations, and more. So whether you’re talking about mining stocks, energy stocks, EV stocks, or anything related, the chances are high that there’s at least a little bit of momentum to keep track of.
Hot Penny Stocks To Watch
- Havn Life Sciences Inc. (HAVLF Stock Report)
- Sunworks Inc. (SUNW Stock Report)
- FuelCell Energy Inc. (FCEL Stock Report)
- AYRO Inc. (AYRO Stock Report)
- Opko Health Inc. (OPK Stock Report)
Traders always want to find hot penny stocks to buy, of course. One of the quickest and easiest ways to do that is to follow the money. Which sectors are turning heads right now? If I were to decide that, I’d say that EV, tech, and even biotech are hot sectors to keep track of.
Hot Penny Stocks To Watch #1: Havn Life Sciences Inc.
Havn Life Sciences Inc. is one of the companies that’ve gained attention recently amid the mushroom boom. At this point, it’s 2020 and most things aren’t shocking as I’m sure many of you have experienced. Magic mushrooms are one of these things. Havn has become one the contenders in this arena. Many compare the sector to the early days of cannabis in that it’s still a taboo subject yet researchers are finding viable applications especially for things like mental health.
Where does Havn fit in? Aside from the medical side, we’ve also got a whole new opportunity to consider: natural health products. The sheer market size for functional, nutraceuticals & natural health products is growing and set to continue this course for the foreseeable future. Havn has established a foothold in both. It’s also lead by a team that has a long list of successes in related industries. One of the names to know is Vic Neufeld.
What To Watch With Havn Life Sciences
If the name sounds familiar that’s because he was the CEO and co-founder that lead Aphria Inc. (APHA Stock Report) on its growth trajectory during its period of exponential growth between 2014 and early 2019 before retiring from the CEO position. Neufeld is not on board as Havn’s Director. Aphria’s former Chief Scientific Officer, Gary Leong, has also come onboard Havn’s team. But aside from that, there are myriad other industry vets working to build the company as a top competitor in the space.
Though it’s still very early in this industry, the company is already launching new products in anticipation of the pending market boom. Havn announced its initial seven natural health supplements this month. These 7 products will be Havn Life’s first natural health products to launch in 2021. These have been formulated with adaptogens and antioxidants to “aid in overall health and wellness” and supporting human optimization. What’s also important to note is that Havn received approval from Health Canada for all seven products for launch in 2021.
But obviously, since some of the cannabis industry’s innovators have shifted to functional nutrition and psychedelics, Havn could be one of the names to watch.
Hot Penny Stocks To Watch #2: Sunworks Inc.
While people are all over EV stocks, we’re also seeing alternative energy stocks heating up too. No pun intended but solar energy is a hot topic. Sunworks Inc. has been one of the top penny stocks to watch over the last few months. Not only has the company executed on several key milestones, but there was also a potential merger going on in the background. I say “was” based on what was recently announced this week.
What To Watch With SUNW Stock
For months now, Sunworks was expected to merge with The Peck Company (PECK Stock Report). The two would effectively become one of the largest solar companies in the industry. On Thursday, Sunworks announced that the merger deal was terminated. The main reason was that shareholders didn’t approve of the combination. Even though Peck’s shareholders approved the deal, it didn’t pass the test of Sunworks holders.
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So is this it for any future between the two companies? It looks like, for now, at least, Chairman and CEO Jeffrey Peck of The Peck Company is open to alternatives. “Our stockholders were in favor of the merger with Sunworks , so we are committed to finding alternative ways that we can work efficiently together and to leverage the synergies between our two companies in the coming months.”
Sunworks had just come off of a strong Q3. The solar company said the sales are comprised of 19 existing and new customers and a total of more than 4.4 megawatts for installation. What’s more, is that Sunworks reported securing $10 million in new commercial and agricultural projects marking its strongest quarterly booking activity since earlier in the year.
Hot Penny Stocks To Watch #3: FuelCell Energy Inc.
Another one of the small cap stock gaining ground in alternative energy is FuelCell Energy Inc. The company has come into focus as industry comps like Plug Power (PLUG Stock Report) have surged in recent months. PLUG stock just reached a new 52-week high this week on the heels of major advancement and attention on hydrogen fuel cell technologies. What’s more, is that interest from notable names like Jim Cramer on CNBC has also placed a focus on this niche. He said that while people are focusing on electric, hydrogen “is a great fuel”.
What To Watch With FCEL Stock
FuelCell Energy has been one of the top penny stocks to watch this year. While things are relatively flat from the beginning of the year, the recent trend is up from the last time FCEL stock pulled back. Furthermore, the 200 day moving average has acted as a consistent levels of lower support on the FCEL stock chart. Each time it has been tested, the penny stock has bounced, including most recently in October and earlier this month.
As far as milestones go, FuelCell has focused on industrial, commercial, and government initiatives. An $8 million funding award a few weeks back doesn’t hurt either. The company won this award from the Department of Energy for designing and manufacturing the SureSource electrolysis platform. The project will be the first multi-stack electrolysis system produced with the company’s solid oxide technology. It will also be equipped with an option to receive thermal energy, according to the company.
Hot Penny Stocks To Watch #4: Ayro Inc.
You can’t talk about hot penny stocks to watch without at least one electric vehicle stock on the list. AYRO Inc. has been one to watch during the EV boom this year. We saw the penny stock move explosively during early summer. It had since slid lower during the months to follow without many “big events” to speak of. But the recent surge in attention on EV stocks has piqued investor interest in a bigger way. AYRO stock has surged over 50% this month alone.
What To Watch With AYRO Stock
AYRO stock is in an interesting spot. It’s one of the few, more popular EV penny stocks. We discussed SOLO stock for months and it has graduated from penny stock levels as of Friday. With the list of electric car penny stocks getting smaller and smaller, the choices are more limited. Is this a bullish case for AYRO? As far as sympathy trades are concerned, that is something traders might be factoring in.
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But from a fundamental stance, there is still a lot left to question. Looking at the last quarterly report, the company is still losing money. Net loss for the quarter was $3.1 million with under $390k in sales. Does the future hold more potential? We’ll have to see what happens with the recent partnership deal between AYRO and Karma Automotive. The partnership includes a plan to produce more than 20,000 light-duty trucks over the next three years. It’s also reportedly worth as much as $300 million. It’s also worth mentioning that the stock is up over 300% year-to-date, post-merger.
Hot Penny Stocks To Watch #5: Opko Health Inc.
On a more “traditional” note, Opko Health Inc. may be one of the penny stocks to watch right now. I say “traditional” because biotech is usually a hot sector not matter the niche trends of the week or month. In Opko’s case, the company has been working to turn things around following a dip after earnings. The company reported EPS inline with estimates but was able to beat on Sales figures. The company reported EPS of $0.04 on $428.1 million in sales for the quarter.
What To Watch With OPK Stock
Sian Capital put out an open letter to shareholders in October. The firm holds roughly 3% of Opko’s outstanding stock. This was a significant move in that the firm laid out several paths forward to build upon the company’s valuation.
“We believe the public market does not fully appreciate OPKO’s prized assets because it has lost confidence in the Company’s management and Board of Directors…For this reason, we want to expose OPKO’s misinformation campaign and refute its recent effort to miscast Sian and our value-enhancing ideas.”
You can read the full letter in the company’s announcement section on the site. But, more or less, whether this is “exposing or not”, it has brought more attention and bullish sentiment toward OPK stock. you’ve also got upcoming presentations next week and in early December. What’s more, is that insiders are also building upon their current positions (See latest FORM 4s).
