These Penny Stocks Are Rallying Before The Open On Monday
Welcome to Monday and a new week to make money with penny stocks. Over the weekend, more turmoil came about as the White House expanded its threat to the Middle East. The U.S. threatened to take out 52 Iranian sites if the country were to retaliate. Asked about fears Iran might retaliate, the president told reporters: “If it happens it happens. If they do anything there will be major retaliation.”
This has triggered a stir across global markets. Many of the bigger board stocks have taken a tumble but that doesn’t mean all stocks have dropped. In fact, if you take a closer look at micro-cap stocks and small-cap stocks this morning, you’ll see a stark difference. So what are some of the best penny stocks to watch before the open on Monday?
Best Penny Stocks To Watch Monday: Plug Power (PLUG)
First on this list of penny stocks is one of the most popular Robinood penny stocks to watch in January. Plug Power (PLUG Stock Report) had a great run in 2019 and that hasn’t slowed down in 2020. This morning the company expanded on its growth trajectory with big news.
Plug announced receipt of a $172 million order for hydrogen and fuel cell solutions “from a Fortune 100 customer.” Though this company wasn’t named, the obvious list is relatively narrow in terms of potential companies that it could be.
Plug Power’s CEO Andy Marsh commented, “The material handling industry remains our core growth market in the near-term. This sizable contract signifies continual market validation to customer’s rapidly moving material handling business thus far. We commend this customer for its leadership in hydrogen and fuel cell adoption throughout the logistics business. Coupling this growth with already unfolding market expansion in stationary power and on-road electric vehicles well positions Plug Power to achieve our $1B gross billing goal for 2024.”
Best Penny Stocks To Watch Monday: Inpixon (INPX)
This was one of the top penny stocks to watch last week. It essentially kicked off a great 2020 for stocks under $1. In its 2019 business recap and outline for 2020, Inpixon (INPX Stock Report) reported a strong focus on growth. What’s more is that things haven’t seemed to slow down since its mid-December announcement.
Last month Inpixon reported that it received a follow on order to supply more GPS products to a “US Government customer.” Though details of the actual customer weren’t revealed, it has become a big event for Inpixon. Shares have managed to rally by more than 1,300% since the start of December. Friday INPX stock reached highs of $0.65 in early morning trading. Heading into the new week, momentum has remained trending at an above-average pace.
Best Penny Stocks To Watch Monday: FuelCell Energy (FCEL)
As oil and gas stocks and other energy stocks remain on high-alert, it’s no wonder why FuelCell Energy (FCEL Stock Report) has continued to rally this week. It came in at #10 on the most popular penny stocks on Robinhood for January and for good reason. Shares of FCEL stock have climbed by as much as 331% since the start of December, alone.
What’s more, is that the company released a corporate update this week that could have its own potential catalysts. FuelCell Energy has worked to transition production to a different type of cell component model. This news helped boost shares to highs of over $2.30 before the opening bell on Monday morning.
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According to the company, “Module restack costs make up approximately half of power plant non-fuel operating cost. At 90% capacity factor, a 1.4MW stack module with 5-year life will deliver 55.2 GWh of energy before stack replacement is needed, while a seven-year module will deliver 77.3 GWh, or 40% more energy, for nearly the same capital cost – a module lifetime output unmatched in the fuel cell industry.”
Best Penny Stocks To Watch Monday: aTyr Pharma (LIFE)
Finally, aTyr Pharma (LIFE Stock Report) became a shooting star on the list of penny stocks to watch starting the week. The company closed Friday at $4.26. During premarket trading on Monday morning, LIFE stock reached highs of $7.98. The move came after the company announced a collaboration with Kyorin Pharmaceutical to develop and commercialize ATYR1923 in Japan.
This therapy is for specific types of lung diseases or ILDs. Based on the terms of the deal aYtr receives $8 million upfront and could receive up to an additional $167 million. Kyorin, in turn, receives exclusive rights to develop and commercialize ATYR1923 in Japan.
Dr. Sanjay Shukla, President and Chief Executive Officer of aTyr. “As in the U.S., ILDs represent an area of significant unmet medical need in Japan, and Kyorin’s development and commercial capabilities will enhance our ability to improve the lives of patients with these serious conditions. We believe this collaboration further validates ATYR1923 and potentially accelerates development in other ILDs.”