Pioneer Power Solutions Stock (NASDAQ: PPSI)

Pioneer Power Solutions (NASDAQ:PPSI) Stock, Quote.Headers.trade-ideas

Pioneer Power Solutions

Pioneer Power Solutions Inc manufactures, sells, and services a broad range of specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Its principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service network to maintain and repair power generation assets. Pioneer Power works in two reportable segments which includes Electrical Infrastructure Equipment and Critical Power Solutions (Critical Power). Pioneer generates the majority of its revenue from the United States of America.

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Pioneer Power Solutions, Inc. (NASDAQ: PPSI) shares traded higher on Wednesday after the company announced it received four new orders valued in 

Why Pioneer Power Solutions Stock Popped Today

Pioneer Power Solutions, Inc. - Common Stock

Pioneer Power Solutions Inc

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> could be your ticket to striking it rich. But don&rsquo;t expect easy money! While these thinly traded sub-$5 stocks offer the tantalizing prospect of turning pocket change into a small fortune, finding the diamonds in the rough is easier said than done. This has led to this list of penny stocks to buy.</p>



<p>For every penny stock that skyrockets, there are dozens that fizzle out and leave investors holding the bag. It takes a keen eye and a high-risk tolerance to separate the winners from the losers in this ultra-volatile space. But for those daring enough to try, the potential rewards can be life-changing.</p>



<p>You should steer clear of the cash-burning biotechs and unproven startups that litter this space. Instead, focus on quality businesses with solid fundamentals and a clear path to profitability. These hidden gems may not grab headlines yet, but their underlying growth could soon propel them into the stratosphere once Wall Street catches on.</p>



<p>Now, can you realistically expect a 5X gain by year&rsquo;s end? Probably not &ndash; that would be an exceptional outcome even for a penny stock. But with the right picks, doubling or tripling your money is certainly within the realm of possibility as these undervalued businesses start driving gains. And who knows, you may just uncover the next big multi-bagger that turns your modest stake into a small fortune over the next few years. Let&rsquo;s dive into penny stocks to buy.</p>



<h2>CAB Payments (CABPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains"><div>Source: shutterstock.com/ZinetroN</div></div><p><strong>CAB Payments</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/cabpf-stock-quote/"><strong>CABPF</strong></a>) is a U.K.-based company specializing in business-to-business cross-border payments and foreign exchange, particularly in hard-to-reach markets. It operates through Crown Agents Bank, offering products like EMpower FX, EMpower Payments, EMpower Connect, and EMpower Pensions. I believe it&rsquo;s a smart move to buy into this stock as cross-border payments have been rising significantly. International immigration is one major driving force here, coupled with fintech&rsquo;s meteoric rise in popularity. People from remote or obscure countries often struggle to send money back through traditional channels to emerging nations. CABPF specializes in bridging that gap, and as immigration and remittance outflows swell, it seems poised for growth.</p>



<p>While the stock is still down 53% from its highs, it has gained over 150% since October and continues climbing aggressively. <a href="https://www.google.com/finance/quote/CABPF:OTCMKTS">Q4 revenue surged 71%</a>, and analysts expect CABPF to rake in <a href="https://seekingalpha.com/symbol/CABPF/earnings/estimates">$183 million in revenue for all of 2024</a> &ndash; with that figure projected to climb to nearly $250 million by 2026. Their scalable, transparent, and cost-effective products boast an impressive 96% customer retention rate and 150% net revenue retention. Yet despite this torrid growth trajectory, you&rsquo;re paying just 12 times earnings for the stock. That&rsquo;s an absolute steal among penny stocks to buy.</p>



<h2>Stereotaxis (STXS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biotechnology1600-300x169.png" alt="Biotechnology stocks, biomedical stocks"><div>Source: aslysun / Shutterstock.com</div></div><p>As I&rsquo;ve said many times before, I typically avoid biotech and pharma companies like the plague. However, this healthcare company doesn&rsquo;t really fall into that category, despite appearances. What <strong>Stereotaxis</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/stxs-stock-quote/"><strong>STXS</strong></a>) does is get involved with robotics &ndash; an area I find far more intriguing. Stereotaxis designs, manufactures, and markets robotic systems and instruments for treating abnormal heart rhythms. Its product lineup includes the Niobe ES Robotic Magnetic Navigation System, the Odyssey solution for information management, and the Vdrive Robotic Navigation System for remotely controlling navigation devices.</p>



<p>More specifically though, I&rsquo;m interested in the penny stocks&rsquo; <a href="https://ir.stereotaxis.com/news-releases/news-release-details/stereotaxis-announces-regulatory-submissions-magic-ablation">MAGiC Catheter potentially gaining approval</a>. The MAGiC catheter is a robotically navigated magnetic interventional ablation catheter designed for minimally invasive cardiac ablation procedures. Its human trial was a resounding success, with all 20 patients achieving acute success and zero adverse events reported. This makes it one of those penny stocks to buy.</p>



<p>Stereotaxis has submitted the MAGiC catheter to regulators in the E.U. and U.S., with expectations of CE Mark approval in May or June. It also plans to submit the semi-mobile robot to regulators in Q2, anticipating European approval by mid-2024 and the U.S. green light in Q3. I believe the stock could continue its bullish tear, having already rallied nearly 63% year-to-date. There&rsquo;s no cash crunch here either, with ample reserves to guide Stereotaxis to profitability. If that MAGiC Catheter gets the regulatory stamp of approval, it could catalyze the next leg higher.</p>



<h2>Creative Realities (CREX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/data-automation-cloud-marketing-300x169.png" alt="An image of a robot reaching toward a laptop, surrounded by chat bubbles and graphs"><div>Source: klyaksun/Shutterstock</div></div><p><strong>Creative Realities</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/crex-stock-quote/"><strong>CREX</strong></a>) is a digital marketing tech company offering digital signage and media solutions to enhance communications across a wide range of out-of-home environments. The company&rsquo;s solutions encompass digital merchandising systems and omni-channel customer engagement systems. It&rsquo;s growing at a blistering pace, and I believe landing major corporate contracts could propel it to the upper echelons of its niche.</p>



<p>In Q4, <a href="https://www.google.com/finance/quote/CREX:NASDAQ?sa=X&amp;ved=2ahUKEwjJjdyrv7WFAxVuqVYBHZQ1CeQQ3ecFegQIIhAX">revenue soared 38% to $14.5 million</a>, and the company is profitable with $1.4 million in net income. Yet it sports a mere $35 million market cap &ndash; peanuts compared to its growth runway. Software and marketing firms routinely fetch 10-20x sales valuations these days, so CREX trading at just 0.5x forward sales looks like an absolute bargain to me. We&rsquo;re also eyeing the potential for <a href="https://seekingalpha.com/symbol/CREX/earnings/estimates">EPS to triple from 10 cents in 2024 to 32 cents</a> next year. Do the math, and you&rsquo;re paying a measly 10x the 2025 EPS estimate.</p>



<p>Creative Realities guided to hit between $60-80 million in revenue for 2024. That could generate anywhere from 27% to 70% annual growth. Even at the lower end of guidance, we&rsquo;re still talking about torrid top-line expansion for a company valued at a mere 0.5x sales. To me, that spells a bargain with multi-bagger potential once Wall Street wakes up to penny stocks like this one.</p>



<h2>FLYHT Aerospace Solutions (FLYLF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/aerospace-300x169.jpg" alt="a private plane inside a hangar is prepared for a flight. represent aerospace stocks"><div>Source: Shutterstock</div></div><p>The aerospace industry has been soaring over the past few years, with private flying in particular experiencing a boom &ndash; excluding that brief COVID-induced turbulence, of course. As travel normalizes, we&rsquo;re looking at new heights for penny stocks in this sector, fueled in part by Trump&rsquo;s tax cuts allowing jet-setters to write off their winged chariots as business expenses. <strong>FLYHT Aerospace Solutions</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/flylf-stock-quote/"><strong>FLYLF</strong></a>) provides real-time aircraft intelligence and cockpit communications for this high-flying industry. While the company&rsquo;s current operations are in the red, the valuation appears attractively priced for takeoff.</p>



<p>Despite deriving 50% of revenue from high-margin, incredibly sticky, and consistently expanding SaaS offerings, FLYLF&rsquo;s price-to-sales ratio hovers around just 1x. As I&rsquo;ve mentioned before, SaaS firms typically command far richer multiples, making this look like an absolute steal. Sure, profitability remains elusive for now. But we&rsquo;re eyeing near-breakeven EPS levels in 2024, and if that growth trajectory sustains, significant profits could soon follow &ndash; potentially fueling multibagger returns. Revenue is also <a href="https://seekingalpha.com/symbol/FLYLF/earnings/estimates">projected for 26% growth</a> this year, giving FLYLF a lengthy runway to spread its wings. This makes it one of those penny stocks to buy.</p>



<h2>Pioneer Power Solutions (PPSI)</h2>



<a href="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1570147828-scaled-e1667921955402.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1570147828-scaled-e1667921955402-300x169.jpg" alt="a photo of a city with a digital grid overhead, showing the wide range of connectivity that comes with 5G. communications stocks"></a><p><strong>Pioneer Power Solutions</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ppsi-stock-quote/"><strong>PPSI</strong></a>) designs and manufactures electrical equipment through its Transmission and Distribution Solutions (T&amp;D) and Critical Power segments. Fair warning: this stock isn&rsquo;t for the faint of heart, exhibiting long-term volatility and swings that would make a pirate envious. But such choppiness is par for the course, and PPSI is now returning to bargain-basement levels &ndash; nearly back to where it traded a year ago. I believe this could represent an attractive entry point with limited downside and significant upside potential.</p>



<p>In Q3, <a href="https://www.google.com/finance/quote/PPSI:NASDAQ">revenue nearly doubled year-over-year to $12.4 million</a>, and analysts expect the infrastructure revolution to drive robust demand for PPSI&rsquo;s electrical offerings. EV and AI adoption loom as additional catalysts playing out over the next few years. Earnings are forecast to soar from <a href="https://seekingalpha.com/symbol/PPSI/earnings/estimates">21 cents per share in 2024 to nearly $3 by 2033</a>, with revenue climbing from $53 million to $220 million over that span. Yet, you&rsquo;re paying just 7 times 2025&rsquo;s estimated earnings &ndash; an absolute steal for penny stocks like PPSI positioned at the intersection of multiple powerful trends.</p>



<h2>Braemar Hotels (BHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/hotels-1600-300x169.jpg" alt="Woman standing in hotel room with luggage looking at the view. Hotel stocks."><div>Source: Boyloso / Shutterstock</div></div><p><strong>Braemar Hotels &amp; Resorts</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bhr-stock-quote/"><strong>BHR</strong></a>) is a real estate investment trust focused on investing in luxury hotels and resorts through acquisitions or new development. I&rsquo;ve ranked this one lower given its higher risk profile, but for those chasing outsized gains, it could be worth a look. The company likely won&rsquo;t see much stock appreciation driven by growth, as it&rsquo;s expanding in the low single digits. Instead, my focus is on earnings growth potential. BHR trades at just 4 times forward earnings &ndash; a bargain valuation reflecting its hefty $1.2 billion debt load, massive compared to its $140 million market cap at the time of writing.</p>



<p>However, I believe the stock could still deliver multibagger returns. With interest rate cuts on the horizon, that should relieve pressure from interest expenses. Moreover, BHR is generating hefty profits despite those payments, sporting a lofty 9.4% dividend yield. If management can continue deleveraging while capitalizing on the recovery in travel and tourism, this high-risk, high-reward play could have further room to run. It&rsquo;s also one of those penny stocks to buy.</p>



<h2>American Resources (AREC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/mining1600-300x169.jpg" alt="construction workers point at mining equipment in the near distance"><div>Source: Shutterstock</div></div><p><strong>American Resources Corporation</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/arec-stock-quote/"><strong>AREC</strong></a>) supplies raw materials to the infrastructure and electrification markets, producing inputs for steel, alloys, magnets, lithium-ion batteries, and metals. Its offerings are already witnessing elevated demand from onshoring trends in up-and-coming U.S. industries. However, I see even greater potential demand for domestically produced rare earth elements going forward as the nation aims to reduce its dependence on China.</p>



<p>AREC has acquired mining rights to several large areas, with potential deals that could significantly increase shareholder value. The company also boasts a promising processing business that could disrupt China&rsquo;s dominance in rare earth metals and strategically important minerals markets. With <a href="http://seekingalpha.com/symbol/AREC/earnings/estimates">revenue expected to surge 88%</a> in 2024, AREC could easily transform into a multibagger investment once its operations start firing on all cylinders.</p>



<p>The raw materials sector is notoriously cyclical, but AREC seems well-positioned to ride multiple secular tailwinds &ndash; from electrification and domestic manufacturing to national security priorities around critical mineral supply chains. If management can deftly execute on its ambitious growth plans, this under-the-radar play could emerge as a surprising winner in the years ahead.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-penny-stocks-that-could-5x-by-the-end-of-2024/">7 Penny Stocks That Could 5X by the End of 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Penny Stocks That Could 5X by the End of 2024

Pioneer Power Solutions receives Nasdaq notice of non-compliance

Pioneer receives notification of delinquency from Nasdaq

Pioneer Power receives $5M order from major U.S. metro transit authority

Pioneer secures $7.1M order for e-boost mobile units

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> often carry a stigma in the investment world for good reason &mdash; they tend to be associated with high risk and volatility. These stocks, priced under $5 per share, usually represent companies in the early stages of development or facing notable challenges. Most financial advisors will caution you against investing in penny stocks precisely due to their highly speculative nature and potential for abrupt losses &mdash; and they are right.</p>



<p>However, along with the inherent risks linked to penny stocks, rare exceptions exist where investors can uncover extraordinary opportunities. Such opportunities usually arise from overlooked gems in the market &mdash; companies with innovative technologies, solid business models or compelling growth narratives that could potentially lead to substantial gains.</p>



<p>This article will explore three high-growth penny stocks that could defy typical expectations. Despite their smaller scale and uncertain prospects compared to larger industry counterparts, these penny stocks to buy display compelling attributes that could position them as long-term winners. Nonetheless, anticipate volatility in the journey ahead.</p>



<h2>Pioneer Power Solutions (PPSI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/pennies-cheap-1600-300x169.png" alt="Pennies in a jar on top of a background of pennies. Pennies. Cheap stocks."><div>Source: John Brueske / Shutterstock</div></div><p>My first pick is <strong>Pioneer Power Solutions</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ppsi-stock-quote/"><strong>PPSI</strong></a></span>). The stock is currently trading at just over $4.0, and its performance has historically been volatile. However, Pioneer seems to have compelling prospects moving forward due to its robust position in the power solutions industry.</p>



<p>The company&rsquo;s product line includes transformers, switchgear and state-of-the-art power generation solutions, catering to a diverse range of clients in several industries. Its diversified portfolio enables Pioneer to capitalize on the increasing demand for reliable and efficient power solutions.</p>



<p>Pioneer&rsquo;s growth has registered positive signs recently, driven by the ongoing global transition towards renewable energy and smart grid technologies. The company&rsquo;s revenues jumped by roughly 51% to $40.8 million last year. Further, Pioneer&rsquo;s FY2024 outlook targets revenues of $52 million to $54 million, representing year-over-year growth of about 30%, suggesting sustained growth moving forward.</p>



<p>My cautionary note is that Pioneer remains unprofitable. The company posted a net loss of <a href="https://www.pioneerpowersolutions.com/investors/newsroom/247-ppsi-achieves-51-year-over-year-increase-in-revenue-reaching-40-8-m/">$3.6 million last year</a>. Nevertheless, its balance sheet is clear, with a net cash position of $6.1 million to support its operations while it scales.</p>



<h2>Enel Chile (ENIC)</h2>



<div><img width="298" height="224" src="https://investorplace.com/wp-content/uploads/2022/06/electricity-pylons-298x224-1.jpg" alt="electricity pylons and lines at dusk"><div>Source: snvv18870020330 / Shutterstock.com</div></div><p><strong>Enel Chile</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/enic-stock-quote/"><strong>ENIC</strong></a></span>) is the second penny stock to buy. Despite its penny stock status, with shares trading close to $2.73, Enel Chile is a leading and rapidly growing player in the energy sector within Chile. It generates, distributes and commercializes electricity, serving millions of customers nationwide.</p>



<p>What sets Enel Chile apart among high-risk penny stocks is its status as a subsidiary of the &euro;65.5 billion Italian global energy powerhouse <strong>Enel SpA</strong> (OTC:<span><a href="https://investorplace.com/stock-quotes/enlay-stock-quote/"><strong>ENLAY</strong></a></span>). Enel Chile can leverage the extensive resources of its parent company to drive growth without resorting to highly dilutive equity offerings or taking on highly expensive debt.</p>



<p>Another factor that has aided Enel Chile&rsquo;s growth is Chile&rsquo;s relatively favorable regulatory environment and government stimuli for renewable energy projects, which have formed a supportive setting for the company&rsquo;s expansion plans. </p>



<p>Apart from its rapid growth, investors are also usually attracted to Enel Chile because of its impressive dividend history. Although the stock&rsquo;s double-digit dividend yield underscores the associated risks, such as FX fluctuations and variable dividend per share (DPS) rates, Enel Chile has historically delivered generous payouts. Notably, last year&rsquo;s DPS translates to an extraordinary yield of 9% at the current stock price.</p>



<h2>Sirius XM (SIRI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/siri1600-300x169.png" alt="Person holding mobile phone with logo of US broadcasting company Sirius XM Holdings Inc. (SIRI) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Sirius XM</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/siri-stock-quote/"><strong>SIRI</strong></a></span>) is my third and final penny stock pick. While it is classified as a penny stock, trading at just $2.61 as of writing this article, Sirius leads the satellite radio and digital entertainment space. The company has solidified its position as a top provider of subscription-based radio services, with a <a href="https://investor.siriusxm.com/">huge subscriber base of 33 million</a> that continues to expand consistently.</p>



<p>A noteworthy competitive advantage of Sirius XM is its exclusive content agreements. For instance, partnerships with major sports leagues such as the NFL and NBA have enabled the company to offer exclusive broadcasts of games and events, drawing new subscribers to its platform and retaining existing ones. This is why you will hardly see any significant revenue fluctuations over the years. Instead, growth has been steady, with revenues advancing at <a href="https://prnt.sc/wL-mSS90CjlP">a CAGR of about 9%</a> over the past decade.</p>



<p>Further, Sirius is a rather profitable company, another characteristic that sets it apart from most penny stocks. Therefore, the company has been able to afford a growing dividend in recent years. Its DPS has grown for <a href="https://investor.siriusxm.com/stock-data/dividends">seven consecutive years</a>, while due to shares sliding over the past year, the stock&rsquo;s dividend has advanced to a rather notable 4.1%. </p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks</strong>: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More</strong>: <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a></em></p>



<p><em>On the date of publication, Nikolaos Sismanis did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Nikolaos Sismanis is a professional research analyst with five years of experience in the field of equity research and financial modeling. Nikolaos has authored over 1,000 stock-related articles that focus on uncovering deep value opportunities, identifying growth stocks at reasonable valuations, and shining a spotlight on overlooked international equities.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-high-growth-penny-stocks-to-buy-before-they-blast-off/">3 High-Growth Penny Stocks to Buy Before They Blast Off</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 High-Growth Penny Stocks to Buy Before They Blast Off

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> are stocks that have fallen below the $5 per share level, and are often companies that have seen significant selling pressure form. Many such companies are beaten down by the market, heavily shorted, at higher risk of bankruptcy and are investments that are inherently much more risky than the average stock.</p>



<p>However, alongside this higher risk comes higher potential returns. Investors willing to put capital to work in such names can generate outsized returns relative to the market. Of course, investing in a basket of such stocks and having proper position sizing and risk management protocols in place is important.</p>



<p>But for investors looking to move out of the risk curve, here are three stocks I&rsquo;m monitoring right now.</p>



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/lithium1600-300x169.jpg" alt="lithium (LI) on the periodic table. top performing lithium stocks"><div>Source: Shutterstock</div></div><p>Over the past month, <strong>Lithium Americas</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/"><strong>LAC</strong></a>) shares declined by more than 35%, a steeper drop compared to the basic materials sector&rsquo;s 6.9% loss and the <strong>S&amp;P 500&rsquo;s</strong> 3.3% gain. This move was partly driven by the company&rsquo;s <a href="https://www.businesswire.com/news/home/20240512840722/en/Lithium-Americas-Reports-First-Quarter-2024-Results">first quarter results</a>, detailing progress at the company&rsquo;s Thacker Pass lithium mining site. Major construction is expected to begin in the second half of this year. The company is advancing its engineering and procurement, targeting full notice to proceed by late 2024, with a $2.26 billion federal loan secured.</p>



<p>Of course, this project will require significant capital to move forward. And given where lithium prices are, there are specific risks with this stock that investors should be aware of. With $147 million of cash on its balance sheet, Lithium Americas does have some runway to move forward. But many in the market are spooked by the company&rsquo;s recent public offering of 55 million shares of common stock. While this generated $275 million in liquidity, it also diluted investors.</p>



<p>That said, this stock can fly if Lithium Americas can find the right partners and move forward with its long-term plan (and lithium prices improve). A lot has to go right for that to happen. But that&rsquo;s what these long-shot bets are all about, aren&rsquo;t they?</p>



<h2>Sirius XM Holdings (SIRI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/sirius_xm_siri1600-300x169.jpg" alt="The Sirius XM (SIRI) mobile app logo on a smartphone screen."><div>Source: Shutterstock</div></div><p>Although this company saw significant decline so far in 2024, <strong>Sirius XM </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/siri-stock-quote/"><strong>SIRI</strong></a>) still offers a compelling value case. Compared to the past year, shares are now affordable and are offered at half price. Although its business shrunk compared to earlier periods, Sirius XM trades at a price-to-earnings ratio of 8x, with steady cash flow and robust operating profits over recent years, supporting ongoing shareholder returns through buybacks and dividends.</p>



<p>Sirius XM&rsquo;s key strength lies in its exclusive content deals, including with major sports leagues like the NFL and NBA. These agreements attract and retain subscribers, contributing to steady revenue growth averaging 9% annually over the past decade.</p>



<p>Despite its recent stock performance, Sirius XM remains relevant with 33 million subscribers, defying skeptics who predicted the demise of paid radio services. While revenue growth has been modest, recent quarters have shown improvement. Looking ahead, a Deloitte study indicates a surge in summer road trips, benefiting Sirius XM, which is predominantly car-focused.&nbsp;</p>



<h2>Pioneer Power Solutions (PPSI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/utility-stocks-300x169.jpg" alt="Utilities stocks: a stock image of light fixtures; one lightbulb is lit up"><div>Source: Shutterstock</div></div><p>Currently, <strong>Pioneer Power Solutions </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/ppsi-stock-quote/"><strong>PPSI</strong></a>) is trading at nearly $4 per share with a very volatile history. Despite this, Pioneer holds a strong position in power solutions. Its offerings, like transformers and switchgear, serve diverse industries, leveraging the growing demand for reliable power solutions amid renewable energy adoption. The company ended 2023 with flying colors, with revenues of $40.8 million and strong 30% revenue growth in 2024. Moreover, its balance sheet boasts $6.1 million in cash.</p>



<p>The company also noted in its Q3 2023 report that <a href="https://www.google.com/finance/quote/PPSI:NASDAQ">revenue doubled</a> to $12.4 million, driven by strong electrical product demand. The market expects earnings to increase 21 cents in 2024 and reach $3 per share by 2033. Revenue is also set to reach a range of $53 million to $220 million. PPSI stock trades at just 7x estimated 2025 earnings, positioning it attractively amidst growing EV and AI trends.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>
<div><p>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-penny-stocks-that-could-easily-double-over-the-next-year/">3 Penny Stocks That Could Easily Double Over the Next Year</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Penny Stocks That Could Easily Double Over the Next Year

Warning: PPSI is at high risk of performing badly

Pioneer receives notice of delinquency from Nasdaq

Pioneer Power misses top-line and bottom-line estimates; reaffirms FY24 outlook

AREC

CABPF

CREX

ENIC

FLYLF

SIRI

STXS

Press Releases

Pioneer Achieves 51% Year-Over-Year Increase in Revenue, Reaching $40.8 Million

Pioneer Receives Nasdaq Notification of Non-Compliance Related to Delayed Annual Report on Form 10-K

Pioneer Receives Notification of Delinquency from Nasdaq

Pioneer Power Receives $5 Million Order from Major U.S. Metro Transit Authority for EV Bus Charging at Multiple Sites

Pioneer Announces e-Boost Order of $7.1 Million from One of the Largest U.S. School Districts

Pioneer Announces New E-Bloc Orders Totaling $7.2 Million in the Month of June for Multiple Infrastructure Markets – Airports, Military Installations and EV Charging

Pioneer Power Announces Filing of Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2023

Pioneer Power and SparkCharge Charge Ahead with Technology Alliance, Boosting Market Potential

Pioneer Announces Filing of Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2024

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