Markets

The 7 Best Penny Stocks for Any Portfolio

Experienced investors add stocks to their portfolios long before they start hitting the headlines. Penny stocks typically trade for less than $5, and you can buy them over-the-counter. We have compiled a list of companies with real growth potential and a significant increase in their market capitalization. Our list includes companies with market capitalizations ranging from nine to ten digits. Here are seven penny stocks you should consider adding to your portfolio.

1. ConforMIS ($CFMS)

Physical rehab for hip replacement

CFMS works in the sector of personalized implants for joint replacement and uses technology that reduces the development process to 6 weeks. The uniqueness of the products lies in the fact that, thanks to personalization, patients need less time for rehabilitation and recovery. Hospitals and insurance companies save on their costs.
With a market value of $294 million and a 134% increase in the stock price over the past year, this penny stock should be on your wish list.

2. Hudson Technologies ($HDSN)

Carbon emissions and energy efficiency

HDSN recycles old refrigerants and makes them efficient to minimize energy consumption. The central role that refrigeration plays in the supply chain makes the company’s operations an important element in minimizing supply costs and carbon emissions.
The company has a market capitalization of $145 million, and its stock price is up 210% over the past year. As more companies actively look for ways to combat climate change, Hudson Technologies will rise in value.

3. HIVE Blockchain ($HIVE)

Major cryptocurrencies.

It is the moment for cryptocurrency right now and Hive Blockchain has made history by being the first publicly traded company dealing in cryptocurrency mining. The company’s preferred currencies are Ethereum and Bitcoin.  With a $1.1 billion market capitalization, and being up 53% year-to-date, it is hard to ignore the potential of HIVE shares. 

4. Sify Technologies ($SIFY)

Cloud computing illustration

This information and telecom corporation is based in India with its US operation starting in 1999. Its primary business activities today entail cloud migration services for businesses. 

The limitations of the Indian market have kept the company limited to being a penny stock with a market capitalization of $667 million. Globalization is changing the world and the need for cloud services and optimized ecommerce is on the rise. Consider adding this to your portfolio with its 183% year-to-date rise as the US market starts to notice the potential.

5. CBAK Energy Technologies ($CBAT)

Electric vehicle power supply

CBAT operates in China and serves the energy storage devices sector with products such as UPS for industrial use. Renewable energy sources are trending currently and the shift to electric vehicles has created more demand. The company’s products are available in the US and other markets. 

Due to the China-US trade wars, the company saw its value shrink by 46% and now stands at a $522 million market cap. In the past year, the stock has risen by 205% and its P/E is 8x. 

6. Biolase ($BIOL)

Dentist office chair and equipment

BIOL’s primary business activity is the development of dentistry equipment utilizing lasers and water to perform procedures. The unique selling point is the fast and less painful dental procedures. Other products can be bought and used without visiting a dentist. Its products are available in 90 countries and counting. 

The company’s stock has risen 44% in the last year and has a $101 million market cap.

7. TransGlobeEnergy ($TGA)

A pump jack in an oil field

TGA is in the petroleum industry and has operations in Canada and Egypt. While the hype about renewable energy is not slowing down, the oil business remains as rewarding as ever. 

TGA’s stock has risen 104% in the last year and the company has a $132 million market cap. While the risk of volatility remains, this stock offers an opportunity that could pay off well.

Marc Richer

Marc Rich (born Marcell David Reich; December 18, 1956 – June 26, 2013) international commodities trader, hedge fund manager, financier, and businessman.
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