[mage lang="" source="flickr"]renewable energy penny stocks[/mage]
Is there any instance when a penny stock makes sense?
I’ve had my eye on OEGY (Open Energy Corp.) for a little while. I know that conventional wisdom is that penny stocks are almost always a losing proposition, but with renewable energy – especially solar – sure to be a huge stake in our energy future, would it be advisable to take a chance on a company like this – that makes PV panels?
Most likely not. There are at least 3 strikes against this company. Strike 1. very small fish is a sea full of much larger very hungry fish. Strike 2. Very few pioneering companies ever make it beyond the pioneering stage. Strike 3. has never published a financial statement.
Green Energy Renewable Solutions, Inc. (EWRL) Penny Stock Trading Chart_11 26 2013