It's been a banner year for penny stocks.
Just look at top penny stock Blink Charging Co. (NASDAQ: BLNK). In May, Blink soared 288% on news that the company struck a deal with the City of Miami to install ports that will charge electric vehicles in the city's garages.
Blink's tremendous gains show the kind of returns a strong penny stock can generate for shareholders.
However, finding these kinds of penny stocks can be tough. Many penny stocks are in unprofitable, poorly run companies no one has heard of - for good reason.
But we have a way to sift through the thousands of penny stocks on the market and find those worth owning. The Money Morning Stock VQScore™ system identifies penny stocks with real profit potential.
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The VQScore system searches for the most highly profitable companies with real growth behind them.
Using this process allows us to find in stocks that are not subject to the weak companies cluttering the penny stock market.
As a result, we have opportunities to invest in penny stocks in reliable companies with strong return potential.
In fact, our choice for the best penny stock to buy now is expected to skyrocket a whopping 234%...
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Just Energy Group Inc. (NYSE: JE) is a Canada-based natural gas and electric company operating in markets across the globe.
Providing energy to 4.5 million customers, Just Energy is composed of several affiliate companies including Hudson Energy, Commerce Energy, Tara Energy, and several other regional firms.
Just Energy supplies natural gas and electricity to 13 American states as well as numerous Canadian provinces like Quebec, Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia.
In Q4 2017, Just Energy beat earnings estimates of $0.13 by a staggering 584% thanks to an unusually early winter in Canada and a late thaw across North America.
Just Energy is expected to benefit in a similar fashion over the course of 2018 as heat waves impact large swaths of the company's customer base, elevating air conditioner use across the continent.
The prospect of gains from extreme climate conditions has analysts calling for a high price of $9.99 - a 234% gain over today's price of $3.05.
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