Investors are keeping an eye on small companies that show promise for substantial growth in the near future. Positive industry trends and aggressive investments are driving these companies towards success. Here are a few penny stocks that have the potential to deliver significant returns by 2027.
Lithium Americas (LAC) is a stock trading under $5 that is expected to soar once sentiment for lithium improves. With a current market valuation of $990 million and a net present value of $5.7 billion for its Thacker Pass asset, LAC has the potential to see substantial growth in the coming years.
Archer Aviation (ACHR) is another promising penny stock to consider, with a correction of almost 40% year-to-date. The company has a strong order backlog of $3.5 billion and is expanding its manufacturing capacity, positioning it for significant revenue growth.
Bitfarms (BITF) is a Bitcoin miner that has corrected sharply but is expected to see substantial returns as Bitcoin trends higher. With a zero-debt balance sheet and plans to increase hash rate capacity, BITF is poised for success in the cryptocurrency market.
Cronos Group (CRON) is one of the best cannabis stocks to buy, with a strong presence in Canada, Israel, Germany, Australia, and the United Kingdom. With a cash buffer of $862 million, Cronos is expected to see accelerated growth in the cannabis market.
Ring Energy (REI) is significantly undervalued, with proved reserves of 129mmboe and a market valuation of $350 million. With positive adjusted free cash flow and plans for further production growth, REI is an attractive penny stock for investors.
Solid Power (SLDP) is working towards the commercialization of solid-state batteries and has strong partnerships with automotive companies like Ford and BMW. With continued progress on the R&D front, SLDP is expected to see significant growth in the EV market.
Aker Carbon Capture (AKCCF) is a provider of carbon capture technology with a strong order backlog and plans to capture 10 million tonnes of CO2 per annum by 2025. With a focus on decarbonization, Aker Carbon is expected to deliver stellar growth in the coming years.