Penny stocks in the lucrative sectors of energy and cannabis are ones to watch right now. Capstone Turbine Corp (NASDAQ:CPST) happens to have its hand in both. For this reason, it is on our radar, and at only $0.85 USD per share, it might be a bargain.
Penny Stocks to Watch
It’s worthy to note that the CPST penny stock is selling for less than a dollar at present. This is a very attractive buy-in price for investors who aren’t afraid to hold. Because Capstone Turbine has found itself in a position that, very possibly, it didn’t even expect.
It’s a good position. It is supplying energy systems to the burgeoning Californian cannabis industry and, as with most things cannabis, business is booming. The potential for this penny stock to pack on serious gains over the coming months is high. As the cannabis industry continues to erupt, so might this stock.
About Capstone Penny Stock
The California-based gas turbine manufacturer specializes in “microturbine power along with heating and cooling cogeneration systems.” As such, it has been called upon to provide clean energy systems for a host of cannabis producers.
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It, of course, serves a multitude of industries worldwide including “natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids.”
But the cannabis industry, in particular, is certainly one to help put your business on the map.
Cannabis Secondary Sector
Earlier this week, the company announced another secured order for “three C1000 Signature Series microturbines in California.” The customer was a cannabis grower.
For investors who want a piece of the action, the CPST penny stock may be for you. As a secondary sector business to the cannabis industry, reliance doesn’t have to fall on the success or failure of the cannabis market alone.
No, Capstone has sustainability at the fore, and the world is, quite simply, moving in a sustainable direction.
This is one of those scenarios a company hopes to find itself in; where timing and the surrounding climate bring business to its doors—all it has to do is be ready for more.
What do you think? Is the Capstone penny stock a potential for your portfolio?
Featured Image: DepositPhotos © gunnar3000
