A lot of traders got excited about solar penny stocks in early 2021…
President Biden was just taking office. And his aggressive plans to fight climate change fueled sky-high spikes in solar and renewable energy stocks.
Now, more and more states are moving toward green energy…
In April, California Gov. Gavin Newsom announced state restrictions on oil extraction and that the state will ban fracking by 2024. Other states could follow suit…
And that could mean big moves for solar penny stocks and renewable energy stocks.
Read on to find out why I think you should watch solar penny stocks for potential trades and the top brokers to use. And of course, I’ll share my top solar penny stocks to watch in 2021…
What Are Solar Penny Stocks?
Solar penny stocks are stocks of solar companies that trade under $5 per share.
They can trade on the major exchanges like the Nasdaq and NYSE or on the OTC markets.
Solar penny stock companies are usually small, unknown companies. They can range in business from solar panel installers to manufacturers. It can even include companies that provide solar panel parts and supplies to the solar industry.
Penny stocks aren’t like typical large-cap stocks that move slowly over time. And that’s exactly why I like them…
They can have huge price swings. That can mean the potential for huge profits. But it also makes them dangerous…
Yet I’ve still managed to grow my small account to over $7 million in profits over my 20+ years trading this niche.*
Want to know how I do it? Start with my FREE guide to trading penny stocks here.
Then, when you’re ready, apply for my Trading Challenge.
Why Should You Consider Trading Solar Penny Stocks?
Solar penny stocks could have a bright future. They can spike if there’s new funding or initiatives on a federal level. Even rumors of big news for the industry can spike these stocks.
Solar penny stocks can be super volatile. I love volatility because it allows me to make quick trades. My goal is to take the meat of the move, then move on to the next opportunity.
There’s power in volatility. But it’s a double-edged sword. It’s great on the way up. But it can cut deep on the way down. That’s why I have trading rules.
My #1 rule is to always cut losses quickly.
I don’t allow a small mistake to turn into a huge disaster. When a stock goes against me, I never hold and hope.
For a stock to have the volatility I want to take advantage of, it needs high volume and ideally a catalyst. Major news or hype about a future event can get more traders interested in the stock. And more demand can mean bigger upward moves.
Solar penny stocks can offer those opportunities. But you can’t just blindly buy any solar stock. You need to prepare. That means having a watchlist, a trading plan, and the right trading mindset.
So before I get to the list of top solar penny stocks to watch, remember that this is a watchlist. These picks are not a recommendation to buy.
Use this list to prepare for the right news catalyst, pattern, and strategy that works best for you. That way you’ll be ready to strike when the right opportunity presents itself.
Ok, let’s get to it…
List of 11 Solar Penny Stocks to Watch in 2021
Here’s my list of 11 solar and alternative energy stocks to watch in 2021…
Solar Penny Stocks Under $1
Solar Integrated Roofing Corporation (OTCPK: SIRC)
SIRC is a solar and roofing installation company. On April 27, the company announced its subsidiary Cornerstone Construction will “begin testing the acceptance of cryptocurrency payments from customers.”
Read the full press release here.
In May, SIRC completed the acquisition of a business process outsourcing firm.
CEO David Massey said, “We are pleased to have closed our acquisition of Balance so rapidly, providing the critical backend needed to support our aggressive acquisition strategy,”
Read the full press release here.
I’ve traded this stock a few times this year. (See all my SIRC trades here.*) It’s a former supernova, so it has the potential to spike again with the right catalyst.
Fernhill Corporation (OTCPK: FERN)
FERN is a tech-holding company with broad interests. It acquires companies in fintech, crypto, artificial intelligence, and alternative energy like solar and battery storage.
As of this writing, the stock is steadily uptrending. It’s getting a ton of attention on Twitter, so it could be a pump. Never believe any of the BS promoters say on social media. Trade your patterns and take advantage of the hype. Just never believe it.
This one’s worth watching to see if it follows my 7-step framework. I go over the pattern in detail in my “Pennystocking Framework” DVD. It’s a $797 value, but you get it as a bonus when you get into my 30-Day Bootcamp. ( Learn all about my Bootcamp in this video.)
SunHydrogen, Inc. (OTCPK: HYSR)
SunHydrogen, Inc. uses technology to generate renewable hydrogen using sunlight and water.
On April 27 the company announced it completed 100 demonstration units of its technology.
“These demonstration units use multi-junction amorphous silicon solar cells. They are designed to provide a clear proof of concept and demonstrate the potential for scalable growth, and ultimately commercial viability of the company’s patent-protected nanoparticle technology.”
Read the full press release here.
This solar stock trades high volume. That makes it a good one to watch when the sector heats up.
Ascent Solar Technologies, Inc. (OTCPK: ASTI)
ASTI designs and manufactures things like portable solar chargers and thin-film blankets.
Like most solar penny stocks, it has a beaten-down chart after having a huge run in early 2021.
The company recently announced it filed its 2020 financial results with the SEC. That makes this OTC stock a little less sketchy than some others. It’s had big moves in the past. Watch it for your patterns when the right opportunity presents itself.
Learn how to read earnings reports here. And find out how to read SEC filings here.
SinglePoint Inc. (OTCPK: SING)
SinglePoint Inc. is involved in many areas of solar, healthy living, and horticulture. From solar installation to air purification, and even hydroponic, health, and lifestyle supplies.
Frankly, it’s hard to keep up with what business some of these sketchy penny stocks are in. That’s why I trade penny stock patterns and price action. I don’t believe in any of these companies.
I traded this one in January and February when it went supernova. (See all my SING trades here.*)
The company did a huge 1:75 reverse stock split in March, so it has a relatively low float for a penny stock with 35 million shares. Most of these sketchy stocks have hundreds of millions or even billions of shares.
It could really spike with the right catalyst and high volume.
Principal Solar, Inc. (OTCPK: PSWW)
Principal Solar Inc. is listed as a solar stock but the company is interested in the entire renewable energy sector.
It recently formed a subsidiary and entered into a partnership with eTruck Transportation.
“The Company today also announced that it had achieved its first major electric vehicle investment milestone, delivering a US$1.1 million tranche of funds into its subsidiary partnership with eTruck Transportation, thereby fulfilling its initial financial obligations under the terms of the partnership agreement.”
Read the full press release here.
This stock could move on solar news or news in the electric vehicle (EV) sector.
Solar Penny Stocks in Canada
Aurora Solar Technologies Inc. (OTCPK: AACTF)
AACTF is a Canadian solar company. The company offers control systems and energy production measurement systems for solar panel manufacturers.
As of this writing, it’s trading near its all-time lows. But it had a first green day after announcing it raised over $3.5 million through a private placement.
Like all these stocks, it could get hot with the right catalyst.
Solar Alliance Energy Inc. (OTCPK: SAENF)
Solar Alliance Energy Inc. is a Canadian solar company but offers services and installation in a few southeast states in the U.S. It also installs EV chargers.
This stock trades very low volume. So I don’t recommend you trade it unless the company announces news that brings in high volume.
I once lost $500,000 of my own money from investing in an illiquid penny stock. Trust me, it’s not worth it. Get the whole story in my no-cost book “An American Hedge Fund.”
Other Alternative Energy Stocks to Watch in 2021
Here are a few other clean energy stocks and renewable energy penny stocks that could have potential in 2021.
American Battery Metals Corporation (OTCQB: ABML)
All the power from the sun is great, but only if you can store it. And for that, you need batteries.
Battery companies and lithium mining companies ran with solar and EV stocks in early 2021. ABML is one of the stocks that took advantage of the hype.
It was pumping out press releases, which added to the momentum. I traded it a few times during its run early in the year. Between September 2020 and January 2021 I made $21,187.40.* (See all my ABML trades here.)
Watch this battery stock if solar penny stocks heat up again.
FuelCell Energy, Inc. (NASDAQ: FCEL)
FCEL designs and builds stationary fuel cell power plants. It’s a higher-priced alternative energy stock. But it was a penny stock before the solar and EV hype started in late 2020.
Then volume came in and pushed the stock from roughly $2 to over $25 in a few months. Now it’s almost back to penny stock status.
Plug Power Inc. (NASDAQ: PLUG)
PLUG is another company that offers fuel cell systems. Like FCEL, it also went on an insane run during the 2020 market madness.
In June 2020 the stock was trading around $5. By January 2021, it was trading in the $70s. It has since come back down to the $20s.
Traders will definitely be watching this one if the sector gains momentum.
What Are the Top Online Brokers for Solar Penny Stocks?
You should be able to trade listed solar penny stocks by using any of the major brokerages.
But if you want to trade solar penny stocks listed on the OTC markets, you need a broker that allows that. For instance, Robinhood doesn’t allow access to OTCs.
Certain brokerages also don’t allow short selling. So if that’s part of your strategy, do your research first.
I use E-Trade and Interactive Brokers. That doesn’t mean they’re the best. They just suck the least for my trading needs and work for me and my style of trading.
You have to find out what works best for you based on your strategies and trading style.
For more on brokers, check out this post.
Frequently Asked Questions About Solar Penny Stocks
Want to know more about trading solar penny stocks? Here are some FAQs about solar penny stocks and the brokers to trade them…
Is Robinhood Good For Penny Stock Trading?
Robinhood doesn’t allow access to OTC stocks. Some of the most volatile penny stocks trade on the OTC markets. So if you want to trade penny stocks make sure you do your research on brokers. Find one that works for you, your trading style, and your strategy.
What Are the Most Profitable Penny Stocks?
There are certain indicators I look for before I make any trade. Every day I use StocksToTrade to scan for big percent gainers with high volume, and, ideally, a catalyst. I don’t trade stocks based on the company’s product or technology. And I never trade illiquid stocks.
Can I Find Solar Penny Stocks on Robinhood?
Most penny stocks are listed on the OTC markets. Robinhood doesn’t allow its users to trade OTCs. You could use Robinhood to find and trade the few solar penny stocks listed on the major exchanges like the Nasdaq and NYSE.
What Are the Top Solar Companies to Invest In?
I don’t invest in solar or any other companies. My strategy is to day trade volatile penny stocks. My goal is to take advantage of stocks moving on news and hype. I take the meat of the move, then I move on to the next opportunity.
Solar Penny Stocks: The Bottom Line
Right now, solar penny stocks are in the dark. They need volume and an exciting catalyst to bring them back onto the limelight.
That could be news of funding or initiatives for the green energy sector. Or it could be news of reduced oil production.
I don’t try to predict what news or laws might impact the market. Instead, I wait for the market to react to any major news before I plan my trades.
Want to learn the strategies I use to trade solar penny stocks? Apply for my Trading Challenge today. Fair warning: I don’t accept everyone.
I only want the most dedicated students willing to learn the right process and mindset to become self-sufficient traders.
All my 10+ millionaire students have gone through my Trading Challenge.* Students get access to thousands of video lessons, all my DVDs, plus weekly live trading and Q&A webinars.
Want access to all these amazing educational resources? Apply today.
Which solar penny stocks are on your watchlist? Let me know in the comments … I love to hear from all my readers!
*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
While Tim Sykes has enjoyed remarkable success trading stocks over the years, earning an aggregate sum of over $7 million in trading profits between 1999 and 2021, his primary income derives from the sale of financial education products and subscription services offered by various businesses and websites in which he has an ownership stake.
This level of successful trading is not typical and does not reflect the experience of the majority of individuals using the services and products offered on this website. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit. This figure is taken from tracking user accounts on Profit.ly, a trading community platform. Timothy Sykes has a minority shareholder interest in the platform. The typical success rate of users was based on the following methodology:
- From January 1, 2020, to December 31, 2020, 849,078 trades were uploaded to Profit.ly. 633,891 trades were “verified” (corroborated with trade account data).
- Instructor trades are ignored.
- Average P&L / trades is obtained by calculating total P&L and dividing by the total number of trades
- Average trades per account is obtained by counting the total number of trades and dividing by the number of accounts (mean function)
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