What’s up everyone so in today’s video, I share with you detailed insights on two
hot penny stocks for your watchlists or portfolio.
These hot penny stocks could make you some massive returns on the back of huge results
and latest news which I share with you direct from one of the CEOs, so please don’t miss
that.
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right for you and don’t invest any money you can’t afford to lose, as this is not
financial advise...
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So let’s jump straight into our number 2 penny stock, which is Borqs Technologies Inc
(BRQS).
It has a share price of $1 which is up 17.5% over the last month but over the last 6 months
this stock has been flat up by 7% but still way off its highs of $3 hit in February...
This penny stock is Nasdaq listed with an average of over 13.3m shares traded, over
a 30day period and over 59.9m shares outstanding.
Borqs Technologies Inc., is a global leader in embedded software and products for the
Internet of Things (IoT) providing customizable, differentiated and scalable Android-based
smart-connected mobile devices and E2E cloud-service solutions.
Borqs Technologies Began Delivery of Cellular Products to SkyCentrics for Use by Utility
Companies for Smart City Deployment.
These units are being used by utility companies in grid interactive water heater programs
in the states of Colorado and California.
Michigan is following suit and recently announced request for quotations to acquire similar
products.
Borqs also recently received purchase orders from a U.S. Fortune 500 Company to supply
multiple models of enterprise Android based handheld computers for the U.S., EU and Asian
markets.
These devices increase productivity in retail, healthcare, point of sales (POS), pickup and
delivery, and field service applications, and will eventually be distributed to the
EU and Asian markets as well.
The forecasted aggregate revenues from these purchase orders are expected to reach $10
million within the next 12 months.
And Borqs expects the mobile handheld market to grow steadily as the retail market recovers
after the Covid-19.
Borqs also Received 1.7 Million sq.ft.
Land Use Rights for their 5G Industrial Park Project in Huzhou, China.
So a really interesting outlook on the potential of this penny stock.
Next up to our number 1 penny stock here, which is Solar Integrated Roofing Corp (SIRC);
it has a share price sitting at 57cents and market cap of $141.6m.
This penny stock is up 11% over the last month and also up 110% over the last 6 months.
Having said that it is still down more than 70% from its highs it hit in February and
it has been relatively flat recently.
I think this penny stock is an undervalued stock waiting to explode based on what it
has in the tank.
SIRC is OTC Pink Current Listed with an average of 2.1m shares traded over a 30day period
and over 393.7mn shares outstanding.
Solar Integrated Roofing Corp.
(OTC:SIRC), is an integrated, single-source solar power and roofing systems installation
platform company specializing in commercial and residential properties throughout the
United States.
Their success has transformed the company into a national brand with services including
sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging
stations to roofing, HVAC and related electrical contracting work.
They are also a Tesla Powerwall Certified Installers, enabling new opportunities not
available to most installers.
In their latest results for FY21, revenues Increase 87% to Record $17.1 Million; And
the Company Expects to Reach Profitability in FY 2022.
They Announced that revenues for the 12 months ended May 31, 2022 are preliminarily expected
to grow to at least $100 million due to the accelerated pace of acquisitions in 2021.
They announced and closed multiple accretive acquisitions in the solar, roofing and battery
space and So they are forecasting exponential revenue growth over the next 12m which is
incredible But let’s hear from their CEO David Massey, on what else
is in
the tank for this stock.
So a very interesting and mind-blowing ambition for this stock.
Its worth commenting that as of the time of recording on July 3rd the OTC QB status was
not live yet so possibly yet to take effect.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these
penny stocks in the comments section below and what other penny stocks are catching your
eyes lately.
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