What are the Top Penny Stocks for 2016?

What are the Top Penny Stocks for 2016?

Penny stocks are a popular investment option for those looking to invest in the stock market. These stocks, which are typically priced under $5, offer investors the opportunity to potentially earn significant returns on their investment. However, penny stocks can be volatile and risky, so it's important to do your research before investing. In this article, we'll take a look at the top penny stocks for 2016 and provide some tips for investing in these stocks.

1. Plug Power Inc.

Plug Power Inc. is a company that designs and manufactures fuel cell systems for use in various industries, including material handling and stationary power. The company's stock has seen significant growth over the past year, with shares increasing by over 200%. Plug Power Inc. is a promising investment opportunity for those looking to invest in the growing alternative energy industry.

2. Arotech Corporation

Arotech Corporation is a technology and defense company that specializes in products and services for military and law enforcement agencies. The company's stock has seen steady growth over the past year, with shares increasing by nearly 60%. Arotech Corporation is a strong investment opportunity for those looking to invest in the growing defense industry.

3. ImmunoGen Inc.

ImmunoGen Inc. is a biotechnology company that develops cancer treatments using targeted antibody-drug conjugates. The company's stock has seen significant growth over the past year, with shares increasing by over 150%. ImmunoGen Inc. is a promising investment opportunity for those looking to invest in the growing biotechnology industry.

Tips for Investing in Penny Stocks:

1. Do your research – Before investing in any penny stock, it's important to do your research and understand the company and its financials.

2. Be aware of the risks – Penny stocks can be volatile and risky, so it's important to be aware of the risks involved in investing in these stocks.

3. Diversify your portfolio – It's important to diversify your portfolio and not put all your eggs in one basket. Consider investing in a variety of stocks and industries to minimize your risk.

4. Set realistic expectations – While penny stocks can offer significant returns, it's important to set realistic expectations and not expect to get rich overnight.

In conclusion, penny stocks can be a promising investment opportunity for those looking to invest in the stock market. However, it's important to do your research and understand the risks involved before investing. By following these tips and investing in strong companies like Plug Power Inc., Arotech Corporation, and ImmunoGen Inc., investors can potentially earn significant returns on their investment.