Dow Jones today, Aug. 14, 2014: U.S. stocks shook off rising jobless claims and rose as concerns abated over geopolitical tensions in Ukraine. This morning, Russian President Vladimir Putin said before government ministers and the Crimean Congress that his country would help end the conflict in the region as soon as possible.
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Some of this year's top penny stocks have come out of the little-known or followed hydrogen fuel cell industry.
The sector garnered a great deal of attention in 2014's first quarter, thanks to lucrative contracts inked by Plug Power Inc. (Nasdaq: PLUG).
Anyone who did not "sell in May and go away" has likely enjoyed stock gains - especially in Nasdaq stocks.
But, it's the Nasdaq Composite sporting the most intense rebound after two months in the red. The Nasdaq fell 4.2% from January to mid-April, but is up nearly 6% since then.
Penny stocks to watch 2014: The best penny stocks can have huge profit potentials, and investors who buy in at the right time can see huge gains in a matter of days. But first, investors need to know where to look...
Some of the top penny stocks have been in on the ground-floor of burgeoning markets, while others have been the takeover targets of large corporations. Pharmaceutical companies working on breakthrough drugs can also be big winners.
Wall Street darling Plug Power Inc. (Nasdaq: PLUG) gave investors even more cause for optimism by announcing yesterday (Wednesday) after the market close that it had acquired fuel-cell stack developer ReliOn Inc. for $4 million in stock.
The news sent Plug Power stock up 4.5% in after-hours trading yesterday, though the stock was only up about 1.5% in mid-day trading today (Thursday).