Finding the top penny stocks to watch for long-term gains isn't easy, which is why we did all the hard work for you.
Because penny stocks trade for under $5 a share and are in small, often unproven companies, trading penny stocks can be highly speculative.
Finding a penny stock that will soar can be difficult.
For March 2018, we found three penny stocks to watch in March 2018 that could net up to quadruple-digit gains over the next year, according to analyst expectations.
While we aren't recommending these stocks, we wanted our readers to be aware of which penny stocks had potentially lucrative price targets from analysts covering them.
And the first penny stock on our watch list could climb 86.91% in the next 12 months…
Top Penny Stock to Watch, No. 3: Workhorse Group Inc.
Workhorse Group Inc. (Nasdaq: WKHS) designs, manufactures, and builds vehicles and aircraft in the United States.
And why we're watching it is because of Workhorse's collaboration with United Parcel Service Inc. (NYSE: UPS).
It's currently collaborating with UPS to design and deploy 50 plug-in electric delivery trucks with zero tailpipe emissions.
UPS wants to make these new electric vehicles a standard selection in its fleet in the future, according to WorkHorse.com.
In the next 12 months, investment banking group Maxim Group projects the WKHS stock price could climb to $6 per share.
From today's price of $3.21, that's a potential gain of 86.91%.
And the next penny stock to watch in March is expected to climb even more, with a potential gain of 165.95% in the next 12 months…
Top Penny Stock to Watch, No. 2: Plug Power Inc.
Plug Power Inc. (Nasdaq: PLUG) is an alternative energy technology provider, and it develops and designs hydrogen fuel cell systems.
It also offers a turnkey solution to help companies seamlessly transition to hydrogen fuel cell power.
And thanks to a huge endorsement, PLUG stock could turn into a very profitable long-term investment…
In March 2017, Amazon.com Inc. (Nasdaq: AMZN) committed to purchasing up to $70 million of Plug Power fuel cell products for use in its warehouses and distribution centers.
The deal also grants Amazon the right to buy up to 55.3 million shares in PLUG stock.
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Over the next 12 months, financial service firm Canaccord Genuity projects the PLUG stock price could climb to $5 per share.
From today's price of $1.88, that's a potential gain of 165.95% in the next 12 months.
And the final penny stock on our watch list for March 2018 could have the biggest potential gains, as one analyst projects this stock price could climb 1,197% in the next 12 months…