3 Penny Stocks to Watch in February 2022
With another exciting day of trading penny stocks and blue chips in the history books, there is a lot that investors need to know. Today, we witnessed a sizable bullish turnaround in the broader markets following a less than stellar morning trading session. And although investors expect this volatility to continue in the near future, there are plenty of ways to make money with penny stocks in 2022.
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The best way to have a high chance of profitability is to have a constant understanding of how to trade penny stocks. This means building a strategy and using it to your advantage. Second, knowing how to read and use what is going on in the world as part of your strategy, is paramount to making a profit. So, with all of this in mind, let’s take a look at three penny stocks to add to your February watchlist.
3 Penny Stocks to Add to Your February Watchlist
- Clover Health Investments Corp. (NASDAQ: CLOV)
- Joby Aviation Inc. (NYSE: JOBY)
- FuelCell Energy Inc. (NASDAQ: FCEL)
Clover Health Investments Corp. (NASDAQ: CLOV)
One of the bigger gainers of the day so far is CLOV stock. By EOD, shares of CLOV had shot up by over 4.8% to north of $2.75 per share. This is a substantial rise and follows CLOV stock’s more than 68% drop in the past six months. Over the last few trading days, we’ve seen a steady bullish trend that many investors are excited about right now. While no news is causing CLOV stocks gain today, we can look at some recent company updates to see why it may be pushing up.
A few weeks ago, the company announced that it would be posting its Q4 and full-year 2021 financial results on February 23rd. This is an important date for investors to keep in mind as it will give major insight into the company. Now, due to its sizable drop in the past few months, many investors have dumped CLOV stock. However, others see its current price as a potential value play. In its most recent third quarter, the company brought in almost $430 million in revenue.
This is a more than 150% increase YoY from its previous third quarter. While many penny stocks trade purely off of speculation, it is also very important to consider the fundamentals. So, while Clover Health has not had the best twelve months, it does look like it could be worth adding to your list of penny stocks to watch.
Joby Aviation Inc. (NYSE: JOBY)
Another big gainer of the day on February 8th is JOBY stock. By EOD on Tuesday, shares of JOBY managed to climb by almost 20%. This is a staggering rise that added more than $0.75 in value to the company. While many penny stocks climb with little to no news at all, the company made an exciting announcement only a day or so ago.
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On February 6th, the company announced that it had joined forces with SK Telecom, a leader in the telecom industry in South Korea, to develop an emissions-free ride-sharing service as short-range aerial travel becomes more accessible. Joby is currently manufacturing an all-electric, five-seater aircraft that can takeoff and land vertically.
“By joining forces with Joby, a global leader in this field, we expect to accelerate our journey towards the era of Urban Air Mobility and lead the way on introducing this exciting new technology. Collaborating with leading global companies is essential to securing leadership in future industries, which we are confident will be driven by the growth of UAM, autonomous driving, and robots.”
The CEO of SKT, Ryu Young-Sang
While this may seem like the stuff of a sci-fi novel, it is the reality for these two companies. And although we may not see the outcome of this for some time, it is exciting nevertheless. So, considering this big update, will JOBY be on your penny stocks watchlist this month or not?
FuelCell Energy Inc. (NASDAQ: FCEL)
FuelCell Energy Inc. is a penny stock that we have covered numerous times in the past few months. And with a more than 3% gain during trading today, it is once again on many investors’ radars. So, why are FCEL shares pushing up right now? Well, the short answer is that sustainable clean energy is heating up in 2022. There continues to be a major emphasis on the energy sources that FCEL works on including hydrogen, wind, solar and more.
If you’re not familiar, FuelCell provides proprietary fuel-cell platforms that can be used in a variety of conditions. It offers these solutions as broadly as possible, in settings such as hospitals, universities, governments, and much more. Because of this, it has become a leader in the clean energy industry over the past few years. Last week, the company announced its first sustainability report. In the report, the company discussed its future moves as well as how it plans to get there.
“It has always been FuelCell Energy’s goal to decarbonize legacy production and delivery of power generation, enable the conversion of excess energy from intermittent sources into hydrogen as a stored energy source, and to produce clean, zero-carbon power from that stored hydrogen. Hydrogen is a regenerative energy source, which does not require mining, and is not subject to geopolitical risk.”
The CEO and President of FuelCell Energy, Jason Few
This is a very exciting update and shows that FCEL is working hard to grow right now. And with an exciting future landscape, many continue to view FCEL stock as a worthwhile watchlist addition.
Which Penny Stocks Are You Watching Right Now?
With so many penny stocks to choose from in 2022, finding the best ones for your watchlist can be challenging. Now, although there is such a broad range of penny stocks to buy, only a handful are worth adding to your list.
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The best way to separate the potential winners from losers is to have a thorough understanding of both what is going on in the stock market and how to take advantage. Considering this, which penny stocks are you watching right now?
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