What are the Best Penny Stocks for 2020?

What Are the Best Penny Stocks for 2020?

Penny stocks are stocks that trade at a low price and are often considered to be high-risk investments. However, they can also offer high rewards for those who are willing to take the risk. In 2020, there are several penny stocks that are worth considering. In this article, we will explore some of the best penny stocks for 2020.

1. Clean Energy Fuels Corp.

Clean Energy Fuels Corp. is a company that provides natural gas as an alternative fuel for vehicles. This company has been gaining popularity as more people are looking for environmentally friendly options. With a market capitalization of around $600 million, Clean Energy Fuels Corp. is a penny stock that has the potential to grow.

2. Avinger Inc.

Avinger Inc. is a medical device company that specializes in developing and manufacturing products for treating peripheral artery disease. This company has been growing steadily over the past few years and has a market capitalization of around $30 million. With the increasing demand for medical devices, Avinger Inc. could be a good investment for those looking for a penny stock with growth potential.

3. Correvio Pharma Corp.

Correvio Pharma Corp. is a pharmaceutical company that focuses on developing drugs for cardiovascular diseases. With a market capitalization of around $70 million, this penny stock has the potential to grow as the demand for cardiovascular drugs continues to increase.

Investment Strategies for Penny Stocks

Investing in penny stocks can be risky, but there are several strategies that can help investors minimize their risk. One strategy is to diversify your portfolio by investing in several penny stocks instead of just one. This can help spread the risk and increase the chances of making a profit.

Another strategy is to do your research before investing in a penny stock. Look for companies that have a strong track record of growth and have a clear plan for future growth. It is also important to keep an eye on the company's financials, including revenue and earnings.

Finally, it is important to have a long-term perspective when investing in penny stocks. These stocks can be volatile, so it is important to be patient and wait for the stock to grow over time.

Conclusion

While investing in penny stocks can be risky, there are several penny stocks that have the potential to offer high rewards. Clean Energy Fuels Corp., Avinger Inc., and Correvio Pharma Corp. are just a few of the penny stocks worth considering in 2020. By following soundinvestment strategies, investors can minimize their risk and potentially make a profit from these high-risk investments.