If you haven’t been watching, penny stocks have been a well sought after asset class during this quarter. Mainly, this has happened, at least in my opinion, because people are at home with not much going on. It’s almost like the people you used to gamble on sports need a new avenue to go down. Or, it could be cryptocurrency traders looking for a new space to start trying their hand at. Whether it is one, both, or something completely different, one thing is for sure, trading liquidity has been ever-present.
Typically during the summer months, especially starting in June, the markets usually start to quiet down for the most part. In 2020, it has been much different. It’s almost the complete opposite that we’ve seen in past years. That said, there could be some obvious factors that have influenced what’s going on. For instance, it’s an election year, the coronavirus, the economy has slowed down immensely. The list goes on…
As certain sectors can see an overall trend push each stock in a positive or negative direction, like oil and gas, the cool thing about penny stocks is that they tend to move on their own. Penny stocks are stocks under $5 and usually create their own trends. Even when the market is down, you can still potentially find penny stocks that are making daily double-digit and sometimes triple-digit moves. A lot of this can happen due to a simple, good news headline. Here are a few stocks with recent news to keep an eye on.
Your No. 1 Midweek Penny Stock To Watch Under $5: Energous Corporation
Energous Corporation (Nasdaq: WATT) develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enable radio frequency based wire-free charging for electronic devices.
Energous Corporation announced a partnership with one of the world’s leading battery manufacturers in China, Grepow Battery. Energous and Grepow Battery are working together to develop batteries that are wirelessly charged via WattUp, a radio frequency (RF) based charging technology, for use in electronic devices in the commercial, industrial and medical industries.
“We are excited to collaborate with one of the world’s leading battery manufacturers on next generation batteries that we believe will be beneficial to their broad range of customers,” said Stephen R. Rizzone, president and CEO of Energous Corporation. “Grepow has a strong footprint in the commercial, medical and industrial applications and our technology is well-suited to meet the needs of their customer applications within each of these very different markets.”
“We are thrilled to work with Energous Corporation on next generation batteries with their award-winning WattUp RF-based wireless charging technology,” said Peter Liu, CEO at Grepow Battery. “Our full cell customization for wearable applications, together with this scalable, flexible and reliable RF-based wireless charging technology, is expected to be a desirable feature and applicable for our OEM customers as they build and design future product designs.”
Your No. 2 Midweek Penny Stock To Watch Under $5: The Alkaline Water Company Inc.
The Alkaline Water Company (NASDAQ: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label ‘Clean Beverage.’ Quickly being recognized as a growing lifestyle brand, Alkaline88® launched A88 infused™ in 2019 to meet consumer demand for flavor-infused products. A88 infused™ flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the Company launched A88CBD Infused™ brand, featuring a broad line of topical and ingestible products. These products are made with lab-tested full-spectrum hemp and include salves, balms, lotions, essential oils, bath-salts, CBD infused drinks, beverage shots, tinctures, capsules, gummies, and powder packs.
The Alkaline Water Company Inc. announced the following fiscal fourth-quarter financial highlights:
Fiscal Q4 Revenue Highlights (Unaudited):
(All amounts are in U.S. dollars)
– Revenue of approximately $12.0 million – up 51% over the prior year
– Represents revenue growth of 42% over fiscal Q3
“This quarter’s results are a great way for our Company to end our fiscal year. We now have tremendous momentum going into fiscal 2021. We expect our first quarter ending June 30, 2020, to set another revenue record. The current pandemic acted as a catalyst for some of the current quarter’s growth, but also set the stage for significant future growth. During the pandemic, Alkaline88® was able to meet our retailer’s demands. We believe that up to 30% more households tried our water during our fiscal Q4. This is highlighted by the recent Nielson report, where Alkaline88® was ranked as the 10th best selling value-added water, and the third fastest-growing top ten value-added water in the country during the 13 weeks ending May 16, 2020,” stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc.
“We are also very excited about the momentum we have built with new retailers and new product lines. We recently announced over 15,000 new retail locations, to bring our total to over 70,000 retail stores in all 50 states. Our sales team continues to focus on not only our Alkaline88® brand, but also our flavor-infused beverage line, our eco-friendly aluminum bottle, and the recently launched A88CBD™ line of topicals and ingestibles. There are several other catalysts for growth this coming year, which will include hospitality space and expansion of our e-commerce presence to meet new consumer buying habits. As we look to the future, we believe that we are building a strong national lifestyle brand and that our eco-friendly aluminum bottles, flavored infused waters, and CBD products will all contribute significantly to our fiscal year 2021’s success,” concluded Wright.
Your No. 3 Midweek Penny Stock To Watch Under $5: ClearSign Technologies Corporation
ClearSign Technologies Corporation (Nasdaq: CLIR) designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States. Its Duplex Plug & Play technology provides a direct burner replacement solution for traditional refinery heaters.
ClearSign Technologies Corporation provided an update on operations for the quarter ended on March 31, 2020.
“I am very encouraged that the commercial development programs for our technologies are starting to come to fruition,” said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. “We are seeing increasing market traction from industry leaders and orders coming in from our collaboration partners which is both inspiring and gratifying. In the near future we look forward to launching our sensing technologies and expanding our product diversification. In the coming months, we anticipate further expanding our collaboration partnerships and in doing so accelerating the rate at which our technologies are accepted and adopted in the industry and we also look to forward to completing our certifications in China. These are exciting times for ClearSign.”
Recent strategic and operational highlights during and subsequent to the first quarter 2020 include:
- Received Multi-Unit Process Burner Order from ExxonMobil: – The test comprised of a multi-burner process heater and burners incorporating breakthrough ClearSign Core™ NOx reduction technology. The order is the final step in the Company’s process of validating ClearSign Core’s superior NOx emissions technology.
- Received Multi-Flare Order from ASHCOR: The flares were sold by International Combustion and Controls, a Division of California Boiler, and validates the Company’s ‘Asset Lite’ commercialization strategy by including ClearSign technology as ‘ClearSign Core’ in established equipment supplier’s products.
- Announced Sensing Development Contract with Global Aerospace Company: The contract will include the testing and demonstration of ClearSign’s sensing technology in the unique environmental conditions experienced by aerospace technologies. The ultimate goal of the project is to develop a series of commercial sensing products to benefit a wide range of aerospace fleet and military applications.
- Launched the ClearSign Eye™ commercial development program: This pilot sensor has been designed to seamlessly integrate into existing infrastructure and reduce nonproductive down-time due to pilot sensing equipment failure. One of the main features of this sensor is that it can verify the presence of a pilot flame without being immersed in the flame and thus has the potential to eliminate the use of flame rods.