Buying energy penny stocks has been an extremely popular way to invest in the past few months. And while we did see energy stocks climb substantially a month or so ago alongside the war in Ukraine, they have since slowed down. 

Although we are not seeing the same amount of momentum that we did before, the demand for fossil fuel and renewable energy sources is still incredibly high. And because of this, investors continue to look for penny stocks that can provide positive returns in the energy industry. It’s important to consider both what the energy sector looks like right now, and what it could look like in the future. 

[Read More] Hot Penny Stocks You Need to Know About This Month

While some traders like to take advantage of short term movements, others are looking for long term investments. Short term traders may be more interested in fossil fuel based companies while long term investors may want to look at renewables. So, with all of this in mind, let’s take a closer look at three energy penny stocks that are trending so far in May. 

  1. FuelCell Energy Inc. (NASDAQ: FCEL
  2. Uranium Energy Corp. (NYSE: UEC
  3. Camber Energy Inc. (NYSE: CEI)

FuelCell Energy Inc. (NASDAQ: FCEL) 

One of the larger gaining energy penny stocks on May 4th is FCEL stock. By EOD, shares of FCEL had shot up by over 9.6% to more than $4.77. This brings it nearly out of penny stocks territory, which is no small feat. And in the past five days, shares of FCEL stock have climbed by around 10.9%. So, why the major uptick for FuelCell? 

Well, to understand this, we have to take a look at any recent announcements from the company. On April 6th, FuelCell announced the appointment of Mark Feasel as its new EVP and Chief Commercial Officer. Anytime we see a leadership change, it is without a doubt an exciting prospect. 

“When we thought about the ideal leader for the position of Chief Commercial Officer, we had very specific goals in mind – to find a well-established and proven energy professional who is passionate about a future powered by clean energy, who can help take the Company to the next level of growth, and conduct business with the highest integrity.”

The President and CEO of FuelCell, Jason Few

So, with all of this exciting news in mind, does FCEL belong on your list of penny stocks to buy or not?

Penny_Stocks_to_Watch_Fuel

Uranium Energy Corp. (NYSE: UEC) 

Another penny stock that finished the day strong on May 4th is UEC stock. At EOD, UEC had climbed by over 4.3%. While Uranium Energy is not a fossil fuels penny stock, it is seeing heightened momentum alongside overall growth in the energy sector right now.

[Read More] What Are Penny Stocks? A Beginner’s Guide To Making Money Trading

And, over the past five days, shares of UEC stock have climbed by more than 10%. The biggest recent news from the company came on April 20th when it announced that it had secured an additional 400k pounds of uranium warehoused in the U.S. 

“A year ago, UEC launched a physical uranium portfolio with 500,000 pounds purchased at a uranium cost basis of less than $30 per pound.

The Company has grown the size of our inventory over ten-fold to 5 million pounds by making well-timed purchases near cycle lows that allow us to maintain a low-cost portfolio of ~$38/lb with spot uranium now trading at over $63/lb. At a time of heightened geopolitical uncertainty, UEC has the benefit of secure U.S. warehoused physical inventories.” 

The President and CEO of Uranium Energy, Amir Adnani

While we have seen major strength in the energy industry recently, there is a lot of momentum with renewable energy penny stocks specifically. This is due to the future-proof demand and the desire to invest in what could be the next major source of energy production. Considering this, will UEC be on your penny stocks watchlist in May?

Penny_Stocks_to_Watch_Uranium

Camber Energy Inc. (NYSE: CEI) 

Camber Energy is a penny stock that we have discussed frequently over the past few months. And today, shares of CEI stock managed to push up by over 3.1%. With a one year uptick of more than 20%, there is a lot of volatility with Camber Energy. Despite this, many investors are interested in the company for its future potential. So, is Camber Energy worth buying? Well, it is tough to say right now. 

As the company faces a potential delisting from the NYSE, many investors are fearful about what the future of it could look like. Despite this, the company has the right to a patented carbon capture system, which it has used to delve into the renewables market. And while it will likely take some time to see the full benefits of this on Camber’s business model, there’s no doubting that investors are enjoying its volatility in the meantime. So, while it is likely that CEI stock will continue to fluctuate, it could be worth keeping an eye on this month.  

Penny_Stocks_to_Watch_Camber Energy (CEI Stock Chart)

Which Penny Stocks Are You Buying Right Now?

Investing in penny stocks in 2022 is not easy. And while there is a lot of momentum to take advantage of, there are also plenty of unknowns that have created a very tense investing environment. 

[Read More] Penny Stocks With Huge Potential According To 4 Wall Street Analysts

With so much to consider right now, it can be tough to figure out a concrete investing strategy. But, with the right information on hand, it can be much easier than previously imagined. So, as we continue to move into May, which penny stocks are on your buy list right now?

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!


Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com


Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

Leave a Reply

Your email address will not be published.

You May Also Like

Popular Penny Stocks On Robinhood & WeBull To Watch This Week

Are These WeBull & Robinhood Penny Stocks On Your List Right Now?