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We've updated our top penny stocks list for this week, featuring five new penny stocks that have all posted double-digit gains.
Every week, we add to our running list of the best penny stock performers. In case you missed last week's penny stocks list, you can check it out right here…
We don't typically recommend any of the stocks on our list. Penny stocks are often risky investments and require a lot of research before buying. This week, however, we are recommending one of our favorite penny stocks to buy now.
This company is the most promising penny stock we've seen in 2016. Its technology gives it access to an $18 billion market and the ability to save a dying U.S. industry.
Before we get to this pick, here's our top penny stocks list – including the top penny stock that posted gains of 40%.
This Week's Top Penny Stocks List
Top Penny Stocks List No. 5: Sorl Auto Parts Inc. (Nasdaq: SORL)
Sorl Auto Parts develops and sells automotive brake systems and other safety-related auto parts to manufacturers. SORL rose 17% last week, but there appeared to be no catalyst last week for this rise. SORL did, however, report a 24% increase in sales and higher earnings in its second quarter on Aug. 15. Investors could be speculating on the stock's future growth. SORL is trading at $3.51 per share as of Wednesday intraday and is up 39% year to date (YTD).
Top Penny Stocks List No. 4: Differential Brands Group Inc. (Nasdaq: DFBG)
Differential Brands is a clothing designer and marketer. Its products include denim jeans, casual wear, and accessories. DFBG rose 33% last week after it announced on Sept. 6 a new collection of clothes in tandem with a tour to five U.S. cities. DFBG is trading at $7.60 per share as of Wednesday intraday and is up 55% YTD.
Top Penny Stocks List No. 3: Nova Lifestyle Inc. (Nasdaq: NVFY)
Nova Lifestyle is a furniture manufacturer and online retailer. NVFY rose 36% last week, but there appeared to be no catalyst for the stock's rise. NVFY is trading at $1.70 per share as of Wednesday intraday and is down about 5% YTD.
Top Penny Stocks List No. 2: TransAtlantic Petroleum Ltd. (NYSEMKT: TAT)
TransAtlantic Petroleum is an international oil and natural gas company. It holds 880,000 net acres of developed oil and natural gas properties in Turkey and Bulgaria. TAT rose 36% last week after equities researchers at TD Securities upgraded the stock from a "Hold" to a "Speculative Buy." TAT is trading at $1.19 per share as of Wednesday intraday and is down 14% YTD.
Top Penny Stocks List No. 1: Cellectar Biosciences Inc. (Nasdaq: CLRB)
Cellectar is a clinical stage biopharmaceutical company. It develops treatments for the diagnostic imaging of cancer. The company's pipeline includes pre-clinical and clinical product candidates. CLRB rose about 40% last week, but there appeared to be no catalyst for the stock's rise. CLRB is trading at $2.80 per share as of Wednesday intraday and is down nearly 61% YTD.
While these stocks posted outstanding gains last week, we're more interested in a stock that could double your money while rescuing a suffering U.S. industry…
Continue reading to find out more…
Our Favorite Penny Stock Right Now: FuelCell Energy Inc. (Nasdaq: FCEL)
It can be extremely difficult to find a definite penny stock winner. But FuelCell is one of the most auspicious penny stocks we've seen in a long time. The company develops hydrogen fuel cells and is a leading developer in so-called "green energy." And FuelCell doesn't just provide clean energy, it also makes energy more efficient and less costly.
In fact, this company's fuel cell technology could save the entire coal industry, which is currently shackled by strict environmental regulations. FuelCell estimates it's at the forefront of an $18 billion market. And this year, it's backing up its claim with a bold $500 million project. Analysts say FuelCell could double its current price in just one year. That means your money could double, too. Learn even more about this auspicious stock, right here…