One of the more interesting solar stocks under 10 cents, HyperSolar specializes in solar nanoparticle systems that emulate photosynthesis. The purpose is hydrogen production, separating hydrogen from water with its self contained HyperSolar H2Generator. If successful, the company will likely bring down the cost of commercial electrolyzers significantly. The company has the market cap for serious R&D, and volume on the stock has been generally up over the last few years.
Sunworks Inc provides photovoltaic based power systems for the agricultural, commercial, industrial (ACI), public works, and residential markets in California, Nevada, Massachusetts, Oregon, New Jersey and Hawaii. It has direct sales and/or operations personnel in California, Massachusetts, and Oregon. Through its operating subsidiaries, the company designs, arranges financing, integrates, installs, and manages systems ranging in size from 2kW (kilowatt) for residential projects to multi MW (megawatt) systems for larger ACI and public works projects. ACI installations have included installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies.
Solar Integrated Roofing (OTCPK:SIRC)
Solar Integrated Roofing Corp is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on the acquisitions of like companies.
Orbital Energy Group Inc is a diversified energy infrastructure services company. Orbital Energy’s group of businesses includes Orbital Gas Systems, Orbital Power Services, and Orbital Solar Services. The company provides gas solutions, serving the energy, power, and processing markets through the design, installation, and commissioning of industrial gas sampling, measurement, and delivery systems. The firm also offers engineering, construction, maintenance, and emergency response solutions to the power, utilities, and midstream markets.
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Looking for the best solar penny stocks? The day is coming when alternative energy sources will just be called energy sources, and solar has consistently led the charge (pun intended) for alt energy. any up-and-coming companies providing services and technologies to steadily move the industry forward.
The market for solar continues to expand as production costs come down and the practice of using solar becomes mainstream. Analysts predict that solar energy will comprise 60% of the renewable energy market around the world by 2025. Finding up-and-coming companies in an expanding market can lead to exponential gains, and many of those companies may be hiding in penny stock territory.
Quick Look at the Best Solar Penny Stocks:
Overview: Solar Penny Stocks
There is at least enough solar power in the U.S. to run more than 12 million homes, accounting for 1.6% of the total electricity generated in the country. The solar industry now employs more people than oil — coal and natural gas combined — with more than 240,000 workers in the industry. Since the late 2010s, solar seems to finally have capitalized on its potential, first seriously explored in the 1950s.
Many experts consider 2008 a turning point in the solar industry. Although the company Solyndra ultimately failed in 2011, it received a $535 million loan guarantee from the U.S. government’s American Recovery and Reinvestment Act of 2009. This investment of public funds was highly criticized but ultimately represented a change in the way that everyone thought about solar. No longer was it a fringe, sci-fi experiment but a viable investment that could justifiably receive huge amounts of public funds.
The industry expanded in the years following with many private and public energy companies redirecting efforts partially into solar. The competition generated a period of accelerated innovation and drove costs down. The average person began to seriously consider solar as an energy source for residential and commercial property, a trend that continues to expand to this day. Government initiatives like the solar Investment Tax Credit encouraged more people to use solar to save energy while new standards like the Paris Agreement incentivized government officials to seek new ways of producing energy.
Solar is also benefitting from a move away from traditional energy sources. The worse opinion that people have of petroleum the more solar investors benefit. There is a marked political divide about energy in the U.S., with many jurisdictions making it a point to move into alternative energy to avoid the controversy. The 6 major oil companies seem to see the writing on the wall — they have all begun to invest in alternative energy sources, including solar.
Many of the best penny stocks in solar now specialize in furnaces, cooking, distillation, water heating, agricultural drying, electric power generation and solar pumping. The industry as a whole has experienced an average annual growth rate of nearing 50% since 2000.
Best Online Brokers for Solar Penny Stocks
The broker that you choose will make a significant difference in your portfolio performance. If you’re dealing with penny stocks, you need a broker with lightning-fast execution. You also need brokers who specialize in this subsection of the market — not all brokers will connect you with over-the-counter (OTC) stocks.
Compare the brokers below to find the best solution for you. Take advantage of virtual accounts to learn how to trade penny stocks before risking actual money.
Walking on the Sun
For all of the advancements in the industry, solar power is still very much speculative. Don’t come here looking for a smooth ride — come for the big possibilities and to watch a developing industry come into its own. Though larger companies like sunrun (NASDAQ: RUN) are attempting to dominate the space, there is simply too much market for one company to cover.
Not all solar stocks are what they seem, but there is plenty of opportunity in the industry. Having a good look around the solar penny stock market is a smart way to introduce yourself to these opportunities.
Frequently Asked Questions
What are solar penny stocks?
Solar penny stocks are shares of companies with low market capitalization that are involved in the solar industry.
Are solar penny stocks a good investment?
The solar industry is growing, so solar penny stocks can be a great investment if you do enough research before investing.
What are the best solar penny stocks?
Check out Benzinga’s list of the best solar penny stocks above.