Latest news for Aker Carbon Capture (OTC:AKCCF) Stock

Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.

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Schlumberger, Agco and Darling Ingredients are undervalued and could outperform Wall Street expectations.

Buying The Dip: Three &#39;Good&#39; Stocks Are Near 52-Week Lows — Are They Worth It?

AKER CARBON CAPTURE ASA by AKER CARBON CAPTURE ASA

Aker Carbon Capture ASA

<p>Shares of value retailer <strong>Five Below Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) are diving Wednesday after the company announced a CEO transition and provided updated guidance for the second quarter. Multiple analysts downgraded the stock and slashed price targets <a href="https://www.benzinga.com/analyst-stock-ratings">following the announcements</a>.</p>
<p><strong>What To Know:</strong> Five Below announced that<strong>&nbsp;Joel Anderson</strong>&nbsp;stepped down from his roles as president and CEO to pursue other interests.&nbsp;Anderson will also step down from the company's board.</p>
<p>COO&nbsp;<strong>Kenneth Bull</strong>&nbsp;has been named interim president and CEO, effective immediately. Five Below co-founder, non-executive chairman and former CEO&nbsp;<strong>Thomas Vellios</strong>&nbsp;will assume the role of executive chairman on an interim basis to support the executive leadership team while the board looks for a permanent CEO.</p>
<p>Five Below also announced that total sales for the 10 weeks ending July 13 increased 9.5% on a year-over-year basis, but said comparable sales fell 5%.</p>
<p>As a result, the company now expects second-quarter sales of $820 million to $826 million and anticipates a 6% to 7% decrease in comparable sales. Diluted income per common share is expected to be in the range of 53 cents to 56 cents per share.</p>
<p><strong>Related Link: <a href="https://www.benzinga.com/news/24/07/39814195/amazon-to-rally-around-9-here-are-10-top-analyst-forecasts-for-wednesday">Amazon To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Wednesday</a></strong></p>
<p>Analyst Changes:</p>
<ul>
<li>Morgan Stanley analyst Simeon Gutman downgraded Five Below from Overweight to Equal-Weight and lowered the price target from&nbsp;$160&nbsp;to&nbsp;$100.</li>
</ul>
<ul>
<li>Truist Securities analyst Scot Ciccarelli downgraded Five Below from Buy to Hold and lowered the price target from&nbsp;$136&nbsp;to&nbsp;$89.</li>
</ul>
<ul>
<li>Evercore ISI Group analyst Michael Montani downgraded Five Below from Outperform to In-Line and lowered the price target from&nbsp;$160&nbsp;to&nbsp;$113.</li>
</ul>
<ul>
<li>Mizuho analyst David Bellinger downgraded Five Below from Outperform to Neutral and lowered the price target from&nbsp;$150&nbsp;to&nbsp;$85.</li>
</ul>
<ul>
<li>BofA Securities analyst Melanie Nunez maintained Five Below with a Neutral and lowered the price target from&nbsp;$125&nbsp;to&nbsp;$104.</li>
</ul>
<p><strong>FIVE Price Action:</strong>&nbsp;<a href="https://www.benzinga.com/quote/FIVE" target="_blank" rel="noreferrer noopener">Five Below shares</a>&nbsp;were down 14.3% at $87.52 at the time of publication, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.</p>
<p>Photo: <em>&nbsp;<a href="https://www.flickr.com/photos/jeepersmedia/" target="_blank" rel="noreferrer noopener">Mike Mozart</a>&nbsp;from Flickr.</em></p>


News

Downgrades

Price Target

Movers

FIVE

Five Below Stock Is Tumbling Wednesday: What's Driving The Action?

European Aeronautic Defence And Space Unsponsored

EADSY

Yemen Airways Signs Pact With Airbus To Purchase 8 Aircraft

Macro Economic Events

Economics

Federal Reserve

Fed's Barkin Says Clearly On The "Back End" Of Inflation; Firms Are Still Trying To Test Their Pricing Power, Though That Is Not A Permanent State; Possible That Monetary Policy Impacts Are Slower To Be Felt Than Before; Watching Unemployment Rate Carefully, But Also Open To Idea That Policy Is Not As Restrictive As Thought

<ul>
<li><i>On Tuesday, July 16, 2024, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) approved an award involving sales and use tax exclusion incentives related to Archer's planned advanced manufacturing project in the State of California</i></li>
<li><i>This award, which is believed to be CAEATFA's largest to date in the advanced air mobility industry, will support Archer's planned expansion of its state-of-the-art electric powertrain and aircraft production facilities intended to support its commercialization</i></li>
<li><i>Archer was selected after a highly competitive application process that looked closely at the project's impact on the environment, its ability to create jobs and stimulate economic activity, and its categorization as a strategic emerging industry</i></li>
</ul>


Contracts

ACHR

Archer Aviation Granted $117M Award For Ramp Of Its Electric Powertrain Facility By California's Alternative Energy And Advanced Transportation Financing Authority

<p>Plumas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBC#NASDAQ">PLBC</a>) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $1.09 by 4.59 percent. This is a 1.79 percent increase over earnings of $1.12 per share from the same period last year. The company reported quarterly sales of $20.61 million which beat the analyst consensus estimate of $20.00 million by 3.04 percent. This is a 6.32 percent increase over sales of $19.38 million the same period last year.</p>


Earnings

PLBC

Plumas Q2 EPS $1.14 Beats $1.09 Estimate, Sales $20.61M Beat $20.00M Estimate

<p><strong>Elevance Health Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) reported second-quarter revenues of $43.2 billion, down 0.4% year-over-year, marginally above the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus of $43.05 billion</a>. </p>
<p>The decrease was driven by attrition in Medicaid membership, partially offset by higher premium yields reflecting the medical cost trend and growth in CarelonRx product revenue <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39810749/elevance-health-reports-second-quarter-2024-results" rel="noreferrer noopener">related to members served</a>.</p>
<p><strong>Related: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39463362/morgan-stanley-says-elevance-healths-growth-attributed-to-consistent-performance-bu" rel="noreferrer noopener">Morgan Stanley Says Elevance Health&#8217;s Growth Attributed To Consistent Performance But Undervalued</a>.</strong></p>
<p>Premiums fell 3.2% to $35.42 billion, and product revenue rose 14% to $5.53 billion. Services fees increased 18% to $2.28 billion.</p>
<p>&#8220;Second quarter results reflect the power of our diversified business and thoughtful execution of our strategic initiatives during a dynamic time for our industry, as we remain steadfast in our purpose to improve the health of humanity. We have prudently maintained our full-year outlook and are confident in the earnings power of our Health Benefits and Carelon businesses, which underpin our long-term targets,&#8221; said Gail Boudreaux, President and CEO.</p>
<p>Profit rose 24% to $2.3 billion, or $9.85 a share. Per-share adjusted earnings reached $10.12, beating consensus of $10.01.</p>
<p>The benefit expense ratio was 86.3%, an improvement of 10 basis points, driven primarily by premium rate adjustments to cover medical cost trends in the Health Benefits business and disciplined commercial underwriting.</p>
<p>Medical membership totaled approximately 45.8 million, a decrease of 5% compared to the prior year quarter, driven by attrition in Medicaid business associated with eligibility redeterminations and footprint adjustments, primarily in the first quarter.</p>
<p>Medicaid enrollment dropped 23% to 9 million in the second quarter compared to 11.7 million a year ago.</p>
<p>These losses were partially offset by growth in Affordable Care Act health plans and commercial Employer Group fee-based membership.</p>
<p>Reuters notes that Unlike rivals <strong>UnitedHealth Group Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) and <strong>Humana Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>), Elevance is less exposed to government-backed Medicare Advantage plans for people aged 65 and older and banks more on commercial and Medicaid health plans.</p>
<p>Operating revenue at its Carelon division was $13.3 billion, up by 10% year-over-year.</p>
<p><strong>Guidance:</strong> Elevance Health expects GAAP net income per diluted share of at least $34.05 in 2024 and reaffirms adjusted EPS guidance of at least $37.20 versus <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38315332/elevance-health-clocks-2-2b-q1-net-profit-despite-21-drop-in-medicaid-enrollment-lifts-annual-guida" rel="noreferrer noopener">consensus Of $37.28</a>.</p>
<p><strong>Price Action</strong>: ELV shares are down 3.82% at $532.00 during the premarket session on the last check Wednesday.</p>
<p><em>Image: Shutterstock/ REDPIXEL.PL</em></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/general/biotech/24/07/39813647/johnson-johnsons-q2-earnings-revenue-and-profit-beat-on-strong-pharma-sales-annual-profit-outlook" target="_blank" rel="noreferrer noopener">Johnson &amp; Johnson&#8217;s Q2 Earnings: Revenue And Profit Beat On Strong Pharma Sales, Annual Profit Outlook Lowered On M&amp;A Costs</a></strong></li>
</ul>


Equities

Large Cap

Guidance

Health Care

General

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

Elevance Health Beat Street Estimates On Q2 Profit And Revenue, Sticks To Annual Guidance

<p>Specialty cancer diagnostics company <a href="https://www.globenewswire.com/Tracker?data=bOQ6DTUomxapsrUub6PGLqNkn1fW5K7j-ga3UsyVZ39ADXUUv7ylclC4rtQRoPXEXWOGfmCWIA7UyDdXZsl1Tn7lwltHTZD-KumoCCsOcr1LZGGw7FBYlQvhv8rZ1Gl4vE65e4Wz8aNtVBC81IDF6qwOE202Zgq622gob3E4lP3NTSHxrn0mf7TLS9jwdhZ-VV8fnBbKtxSr4bzm9zhDb0Dk2U5hWd5hgzzE-LIaAJagmyL28Wdatxsg3uHyKX-aMfoFwj61xhjlMe_HYF2J5d82dOjk-l36gXtySmVW32OPPdbBIcUJ_Ww6lc0Su4KdCmU_zCrrTyrpYzLV--6OCGFXmZhecCiocjDmwEMCWkaJCBn27BXt4F9nZrBkvlxojCVhkb9yp7TPnUingy9UOw==">Precipio, Inc.</a> <a href="https://www.globenewswire.com/Tracker?data=N21q3k9_37yvSjkA_PcScRVjqCoekXdn7Qy0OCbQTr3MvsozU8PW_ZcNJ3niGDCFat1n3yeptT2P6gaG2uyDgPzWocmRWF1dVpOd60AksH5Ap-p8U81eT735arFs69MfnLLJz_7FDq6cFSl6adkvAxPUThXeQs4T93DeuMs7gobYpdC1-Sfl_FVlcLHn6Ghux-Tq_wBo2suTJPGJWwrefXpRDk8R8m4COPMZJxTK3XEF7XBG-HjQnG8AYR7VWwho7x8bsLzSCNrfMODISJKsdd13vd-3s5WReFd_5IQwGPfbLNTDUEYdIwWTISOHnAoSgy5IKWrOPR6-JSHQtKpexZ1SKlQ4D0jH9q2UHEbdCN-DaZyQDzRYL1_fqyoWcoq9wWTk6Sg1wwzK8Z0hAHuyUw==">(NASDAQ:</a><a href="https://www.benzinga.com/stock/PRPO#NASDAQ">PRPO</a>), announces that for Q2-2024, its unaudited revenues have grown from $3.4M in Q1-2024 to $4.4M in Q2-2024, an increase of 30% from one quarter ago.<br /><br />&nbsp;</p>
<p>Pathology Division revenue in June reached its breakeven point, and the company anticipates continued growth in the next few months. We expect this division's revenues will reach more than $1.5 million per month by year end, well above its breakeven goals.</p>


PRPO

Precipio Reports Q2 2024 Revenue Of $4.4M Vs $4.33M Est; Expects Pathology Division's Revenues Will Reach More Than $1.5M Per Month By Year End

<p>Susquehanna  analyst Christopher Rolland   maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Positive and raises the price target from $205 to $250.</p>


Analyst Ratings

Susquehanna Maintains Positive on Texas Instruments, Raises Price Target to $250

<ul>
<li>Significant financial and programmatic investments in support of critical economic priorities including housing affordability, no-fee banking access, and small business growth</li>
<li>Includes $44 billion in community development financing, $600 million in support for Community Development Financial Institutions, $575 million in philanthropy, $200 billion in consumer lending to low- and moderate-income (LMI) consumers or consumers in LMI communities, $15 billion in lending to small businesses, and $5 billion in anticipated spending with diverse suppliers</li>
<li>Plan will be more than twice as large as any community commitment previously developed in connection with a bank acquisition
<ul>
<li>Innovative approach brought together a coalition of four leading community groups to negotiate and develop the comprehensive package of community-focused solutions</li>
</ul>
</li>
</ul>


Capital One Announces Five-Year, $265B Community Benefits Plan In Connection With Discover Acquisition

Fed's Barkin Says Firms Reluctant To Let People Go, Some Sectors Still Short On Labor Supply; Inflation Has Decreased Over The Last Quarter

WIIM

AMAT

AMKR

AVGO

KLAC

LRCX

MRVL

NVDA

Shares of semiconductor stocks are trading lower amid reports Biden is considering further China restrictions. The sector may also be down following soft guidance from ASML.

<p><i>The total number of Hyperfine AI-powered marketing authorizations places the company in a leading position on recently published FDA list.</i></p>
<p>Hyperfine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYPR#NASDAQ">HYPR</a>), the groundbreaking medical device company that has redefined brain imaging with the world's first FDA-cleared portable magnetic resonance brain imaging system—the Swoop&#xAE; system—today announced the clearance of the ninth generation of AI-powered Swoop&#xAE; system software. This advanced software significantly reduces scan times across multiple MR sequences without sacrificing image quality. The U.S. Food and Drug Administration (FDA) clearance of this software further solidifies Hyperfine as a leader in AI-powered health technology.</p>
<p>These scan time reductions may enable Swoop&#xAE; system images to help speed up the diagnostic process in acute care settings, which is crucial for time-sensitive medical conditions such as stroke, where every second counts. Reducing the overall acquisition time for sequences can also decrease the negative impact of patient motion on image quality.</p>


Biotech

HYPR

Hyperfine Announces FDA Clearance Of Software Update That Enables Faster Acquisition Of Best-In-Class Ultra-Low-Field Brain Images

<p>Susquehanna  analyst Christopher Rolland   maintains Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) with a Neutral and raises the price target from $90 to $125.</p>


SWKS

Susquehanna Maintains Neutral on Skyworks Solutions, Raises Price Target to $125

ASML

ASML CEO Fouquet Says China Opportunity Remains Significant; Refuses To Comment On Rumors Of US Push For China Curbs

<p>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), today announced the availability of the Crucial&#xAE; P310 2230 Gen4 NVMe&#x2122; solid-state drive (SSD), which empowers enthusiasts of handheld gaming and users of mini PCs and ultrathin laptops to store more games and data-intensive content at their fingertips without sacrificing speed or performance. With read and write speeds of 7,100 and 6,000 megabytes per second (MB/s), respectively,1 and capacities up to 2 terabytes (TB), the P310 2230 SSD packs a unique punch, offering high performance and capacity in a compact, power-efficient form factor.<br />&nbsp;</p>


Micron Unveils Industry's Fastest 2230 Gen4 Consumer SSD, The Crucial P310, To Accelerate Handheld Gaming, Ultrathin Laptops And Mini PCs

<p>In a rapidly growing industry fraught with unique challenges, cannabis businesses must master the art of risk management to ensure long-term success. At Benzinga&#8217;s recent <a href="https://www.youtube.com/watch?v=vH8j0EUGIr4">Cannabis virtual event, <strong>Titans In Finance</strong>,</a> industry expert <strong>Henry Miller</strong>, vice president of originations at <strong>Pelorus Capital Group</strong>, shared essential strategies for navigating the <a href="https://www.benzinga.com/crypto">complex cannabis market.</a></p>
<p><strong>Evaluating Market Conditions</strong></p>
<p>Miller emphasized the critical importance of thorough market evaluation. &#8220;It&#8217;s important to balance immediate capital needs with sustainable strategies for growth,&#8221; he stated. Without a deep understanding of both current market conditions and potential future developments, businesses may struggle to survive.</p>
<p>Miller highlighted the unique complexity of the cannabis industry, where state-specific regulations and market dynamics can significantly impact operations. &#8220;When assessing risk, you need to track what&#8217;s online or coming online in each individual state. The reality is, in another industry, if you start a business, you&#8217;re a U.S. company. In cannabis, you are very state-specific.&#8221;</p>
<p><strong>Geographic and Market-Specific Analysis</strong></p>
<p>A key takeaway from Miller&#8217;s discussion was the importance of geographic and market-specific analysis. Cannabis ventures must consider the distinct regulatory environments and market demands of the states in which they operate. &#8220;You need to underwrite your business to what it might be doing two years from now, making sure that you are still positive cash flow at that point,&#8221; Miller advised.</p>
<p>He noted that while new markets might present significant opportunities, they also come with inherent risks. &#8220;Look at where the state you operate in is in its lifecycle. Who would you be competing against, and when are they coming online?&#8221; Understanding these dynamics can help businesses better navigate the complex environment of the cannabis industry.</p>
<p><strong>Balancing Capital Needs and Long-Term Viability</strong></p>
<p>Miller also discussed the importance of balancing immediate capital needs with long-term viability. He pointed out that while securing capital is crucial, ensuring that the chosen capital structure supports sustainable growth is equally important. &#8220;There&#8217;s an optimal capital structure where if you take on the wrong type of financing, it may work in the short term, but long term, it doesn&#8217;t set your business up for success,&#8221; he explained.</p>
<p>By focusing on a balanced approach to financing, cannabis businesses can better position themselves to weather market fluctuations and achieve sustained success. This approach involves carefully considering the equity and debt financing mix to support current operations and future expansion.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39814550/biden-blasts-trump-at-naacp-convention-touts-dems-cannabis-reforms-as-race-tightens"><strong>Biden Blasts Trump At NAACP Convention, Touts Dems Cannabis Reforms As Race Tightens</strong></a></li>
</ul>
<p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><br />
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Titans of Finance! &#x7C; Benzinga Cannabis Insider [SPECIAL]" width="500" height="281" src="https://www.youtube.com/embed/vH8j0EUGIr4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<p></p></figure></p>
<hr class="wp-block-separator has-alpha-channel-opacity" />
<p><em>Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly from top executives, investors, advocates, and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a>&nbsp;before prices surge by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.</em></p>
<p><em>Image: Shutterstock</em></p>


Cannabis

Topics

Events

Exclusives

Are You Overlooking Critical Market Analysis In Your Cannabis Investments?

<p>Following the recent news of <a href="https://www.kartoonchannel.com/"><strong>Kartoon Channel's</strong></a> continued profitability and paid subscriber growth trend in the U.S., <a href="https://www.kartoonstudios.com/"><strong>Kartoon Studios'&nbsp;</strong></a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOON#NYSE">TOON</a>) announces the further expansion of the service outside the U.S., with its launch on a leading provider of high-speed next generation broadband ("NGBB") and cable TV in Indonesia, <a href="https://www.linknet.co.id/"><strong>Link Net</strong></a> (LINK.JK), reaching a potential audience of nearly 300 million in the world's fourth most populous country.</p>


Global

TOON

Kartoon Channel Worldwide Continues Expansion Of Global Footprint, Now Available In 57 Territories With Audience Reach Of ~1.6B People

<p><i><strong>Under the MOR-EV program, the Mullen ONE Class 1 EV cargo van, with a suggested MSRP of $34,500, is now approved for a MA state cash rebate of up to $3,500</strong></i></p>
<p><i><strong>When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ONE would be approximately $23,500</strong></i></p>
<p>BREA, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- via IBN -- <a href="https://www.globenewswire.com/Tracker?data=Cw0QajKjRV8ukc1opMIHwNgnAMZFHJVunRcJ2PG1Bt7R2WDjNEvJTMkrMN0cDj_JwEmLGgrksj0djEz7RLSh9sNSmsdv39tLvCEX8vZjqGk=">Mullen Automotive, Inc.</a> (NASDAQ:<a href="https://www.globenewswire.com/Tracker?data=QnpJOHRiS5jAN54a_149nb8xihGUA6K_qjnlAhLvyLagub4EZIZhSTu0YPm9lUt0n-2aQ7iU2laqUw0rYhoY4LEgzByNmMKXjtt_ZRSiPxA="> MULN</a>) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today the Massachusetts Executive Office of Energy and Environmental Affairs' Department of Energy Resources ("DOER") has approved the Company's all-electric Class 1 cargo van, the 2024 Mullen ONE, for up to $3,500 cash voucher under its MOR-EV program.</p>


MULN

Mullen's Class 1 EV Cargo Van Receives Approval For The MOR-EV Program, Granting A $3,500 Rebate In Massachusetts

<p>Wedbush  analyst David Nierengarten   reiterates ORIC Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) with a Outperform and maintains $20 price target.</p>


Reiteration

ORIC

Wedbush Reiterates Outperform on ORIC Pharmaceuticals, Maintains $20 Price Target

Richmond Fed's Barkin Says Expectation Of A Recession As Needed To Slow Inflation Has Not Played Out; Remarkable How Strong Consumer Spending Has Remained

Aker Carbon Capture ASA reports Q1 results

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>In 2023, <strong>Carvana</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cvna-stock-quote/"><strong>CVNA</strong></a></span>) traded as a penny stock after plunging from an all-time high of $360. At the time, investors soured on the name, and it looked like CVNA&rsquo;s days were numbered. However, CVNA surprised investors and analysts since then, with multi-bagger returns in just over a year. Last month, the stock hit a high of $94. It&rsquo;s this kind of rally among attractive <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy that can change the fortune of investors.</p>



<p>It&rsquo;s important to note that not all penny stocks can replicate the rally in CVNA stock. The surge in Carvana&rsquo;s stock should not be construed as a signal for going overboard on penny stocks. </p>



<p>At the same time, it&rsquo;s important to have at least 10% to 15% exposure to penny stocks. One or a few stories like Carvana can have a significant impact on the overall portfolio. In fact, here are seven penny stocks to buy that could rally like CNVA stock and deliver multi-bagger returns.</p>



<h2>Cronos Group (CRON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cron_1600-300x169.jpg" alt="Don't Count on Altria to Keep the Price of Cronos Stock Propped Up"><div>Source: Shutterstock</div></div><p>I believe that some of the best <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a> might be poised for a big move in the next few quarters. With U.S. elections around the corner, there is likely to be some news related to federal legalization. That&rsquo;s a big potential catalyst. Further, cannabis is likely to be reclassified as a Schedule III drug in the U.S.</p>



<p><strong>Cronos Group</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cron-stock-quote/"><strong>CRON</strong></a></span>) is among the most undervalued cannabis penny stocks to buy. In the last six months, CRON trended higher by 41%. However, this is just the beginning of the rally in my opinion.</p>



<p>It&rsquo;s also worth noting that Cronos ended its fourth quarter with a <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-fourth-quarter-and-full-year-results1">cash buffer of $862 million</a>. This provides the company with high flexibility for organic and acquisition-driven growth.</p>



<p>In addition, Germany just legalized cannabis and Cronos has entered the German markets with an initial focus on medicinal cannabis. Further, Australia is another new market for the company. That, plus a strong cash buffer coupled with geographical expansion tells me  Cronos is positioned for robust growth.</p>



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/achr1600-3-300x169.png" alt="Person holding mobile phone with web page of US eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen with logo. Focus on center of phone display. Unmodified photo. Archer Aviation Stock Analysis"><div>Source: T. Schneider / Shutterstock.com</div></div><p>Another one of the top penny stocks to buy is <strong>Archer Aviation</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/achr-stock-quote/"><strong>ACHR</strong></a></span>). Granted, it recently corrected from all-time highs of $7.50 to current levels of $4, but it&rsquo;s set to launch with flying cars.</p>



<p>For one, Archer is preparing for commercial operations in 2025. Two, it just initiated the construction of its manufacturing facility. And, with an initial capacity to produce 650 eVTOL annually, Archer is positioned to scale up operations.</p>



<p>I also like the fact that Archer has an <a href="https://www.investors.archer.com/files/doc_financials/2023/q4/Shareholder-Letter-Q423-FINAL.pdf">order backlog of $3.5 billion</a>. The backlog is from the United States, UAE, and India. The Company will commence operations in these countries before the end of 2026. &nbsp;Therefore, stellar revenue growth seems likely in the next five years. Helping, Archer will continue to enter new markets.</p>



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Solid Power&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/sldp-stock-quote/"><strong>SLDP</strong></a></span>) stock is up about 18% on the year. The upside comes after an extended period of correction. In January, Chardan Research estimated that the stock is <a href="https://seekingalpha.com/news/4058069-ev-battery-developer-solid-power-is-tipped-by-chardan-to-triple-in-share-price">likely to triple in share price</a> after the company deepened its partnership with Korean conglomerate SK On. </p>



<p>In terms of business progress, Solid Power <a href="https://www.solidpowerbattery.com/investor-relations/financials/quarterly-results/default.aspx#:~:text=LOUISVILLE%2C%20Colo.%2C%20Nov.,cells%20to%20enter%20automotive%20qualification.">delivered A-sample cells in 2023</a> to formally enter the automotive qualification process. The Company&rsquo;s automotive partners include <strong>BMW</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/"><strong>BMWYY</strong></a></span>) and <strong>Ford</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/f-stock-quote/"><strong>F</strong></a></span>). With BMW also involved in parallel research and development, Solid Power has a strong backing.</p>



<p>For the current year, the company <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-Full-Year-2023-Results-Reflect-Strong-Execution/default.aspx">shifted focus to A-2 sample cells</a>. The objective is to achieve safer and higher-performance cells. Coming back to the partnership with SK On, the company has expanded its addressable market. Further, SK On will use &ldquo;Solid Power&rsquo;s <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-and-SK-On-Deepen-Partnership-with-New-Agreements/default.aspx">cell technology for research and development</a>.&rdquo; At the same time, SK On will produce solid-state batteries in Korea.</p>



<p>Therefore, with strong partnerships, high financial flexibility, and steady business progress, SLDP stock is likely to skyrocket.</p>



<h2>Bitfarms (BITF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/bitf1600-300x169.png" alt="Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto."><div>Source: PHOTOCREO Michal Bednarek / Shutterstock.com</div></div><p>With the completed <strong>Bitcoin </strong>(<span><a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a></span>) halving, the cryptocurrency will likely trade at new highs in the coming months. In fact, it&rsquo;s <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">been estimated</a> that Bitcoin is likely to touch $120,000 by the end of the year. If true, some of the best Bitcoin miners are likely to surge higher, including <strong>Bitfarms</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bitf-stock-quote/"><strong>BITF</strong></a></span>).</p>



<p>I strongly believe the latest correction in the Bitcoin mining stock is a good opportunity to accumulate. It&rsquo;s also important to note that the correction in BITF stock has been on the back of a $375 million equity offering.</p>



<p>The company plans to use the funds for massive hash rate capacity expansion. This will translate into stellar revenue and cash flow upside. To put things into perspective, Bitfarms reported a hash rate capacity of 6.5EH/s at the end of 2023. The Company is <a href="https://d1io3yog0oux5.cloudfront.net/_3d9f30263cc377c28f8aee6a84b05123/bitfarms/db/862/8429/pdf/BITF.04.01.24Preso.FinalV2.pdf">expecting to increase capacity</a> to 21EH/s by the end of the year. With a zero-debt balance sheet and a strong liquidity position, the next leg of expansion will likely follow. Current levels are therefore attractive for accumulation.</p>



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/plug1600-2-300x169.png" alt="Person holding smartphone with logo of US hydrogen fuel cell company Plug Power Inc. (PLUG) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Plug Power</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a></span>) currently trades at $2.60. In my view, PLUG stock is deeply oversold and a strong reversal rally is in the cards.</p>



<p>The first point to note is that industry tailwinds remain positive with the global hydrogen economy likely to get bigger with time. However, Plug Power has suffered due to cash burn and concerns related to ambitious project execution. At the same time, raising funds would imply significant dilution of equity and that has depressed the stock.</p>



<p>However, there are positives to note amidst the concerns. Recently, Plug Power indicated that the company has made &ldquo;<a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Continues-to-Make-Substantial-Advancement-in-Hydrogen-Generation-Buildout/default.aspx">substantial advancement</a>&rdquo; in hydrogen generation buildout. </p>



<p>The company&rsquo;s first green hydrogen plant in Georgia has reached a nameplate capacity of 15 tons per day (TPD) of liquid hydrogen production. The Tennessee plant is also operating at a nameplate capacity of 10 TPD. Further, the Louisiana plant is projected to add 15 TPD of liquid green hydrogen by Q3 2024. If revenue growth gathers momentum in the coming quarters, PLUG stock is likely to surge.</p>



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>With a forward price-earnings ratio of 4.4, <strong>Ring Energy</strong> (NYSEAMERICAN:<span><a href="https://investorplace.com/stock-quotes/rei-stock-quote/"><strong>REI</strong></a></span>) is among the most undervalued penny stocks to buy. The oil and gas company trended marginally higher by 10% in the last 12 months. I believe that a big breakout rally is in the cards for this $400 million company.</p>



<p>Helping, I&rsquo;m bullish on crude trending higher. The reasons are geopolitical tensions and potential rate cuts in the second half of 2024. With higher realized oil prices, Ring Energy is positioned to deliver EBITDA margin expansion and robust free cash flows. Strong quarterly numbers are likely to be another factor that will drive REI stock upside.</p>



<h2>Aker Carbon Capture (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div><p><strong>Aker Carbon Capture</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/akccf-stock-quote/"><strong>AKCCF</strong></a></span>) is another under-the-radar penny stock to buy. From current levels of 67 cents, the AKCCF stock is poised for 10 to 20 times returns, I believe. It&rsquo;s important to note that the bullish outlook is backed by positive industry tailwinds that are likely to last beyond the current decade.</p>



<p>As an overview, Aker Carbon is a provider of product, technology, and solutions in the field of carbon capture. With increasing focus on decarbonisation, Aker Carbon has a big addressable market in the United States and Europe.</p>



<p>The big positive is that the company has a proven proprietary technology with over 60,000 operating hours and seven carbon capture units being delivered. The Company is planning a massive scale-up and is <a href="https://akercarboncapture.com/wp-content/uploads/2024/01/ACC-Q4-2023.pdf">targeting 10 million tons of CO2 capture</a> per annum by 2025.</p>



<p>Therefore, revenue growth is likely to be stellar in the coming quarters. It&rsquo;s worth noting that Aker has an order backlog of 2.6 billion Norwegian krone. This provides near-term revenue visibility.</p>



<p><strong><em>On Penny Stocks and Low-Volume Stocks:&#8239;</em></strong><em>With only the rarest exceptions,&nbsp;InvestorPlace&nbsp;does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s&nbsp;writers disclose this fact and warn readers of the risks.</em></p>



<p><strong><em>Read More:&#8239;</em></strong><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>Penny Stocks &mdash;&nbsp;How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-penny-stocks-to-buy-that-can-skyrocket-like-carvana/">7 Penny Stocks to Buy That Can Skyrocket Like Carvana</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Penny Stocks to Buy That Can Skyrocket Like Carvana

Aker Carbon Capture finance chief Berg to step down

Baron International Growth Fund Q1 2024 Shareholder Letter

Aker Carbon Capture ASA (AKCCF) Q1 2024 Earnings Call Transcript

Aker Carbon Capture ASA 2024 Q1 - Results - Earnings Call Presentation

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>My view is that expansionary monetary policy in the second half of 2024 is likely to be a major catalyst for a broad-based market rally. It&rsquo;s therefore a good time to accumulate high-quality <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a>. At the same time, risk taking investors can consider exposure to undervalued <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> that can potentially go ballistic.</p>



<p>While I am looking at a near term catalyst, the focus of this column is on penny stocks to buy and hold until 2027. During this period, I believe that the penny stocks discussed are likely to deliver 7-bagger returns.</p>



<p>Since the investment horizon is medium term, I have refrained from talking about purely speculative penny stocks. Instead, my view is on undervalued names with a good business and strong fundamentals. I would not lose sleep by holding a small portion of the portfolio in these undervalued penny stocks.</p>



<p>Let&rsquo;s discuss the business factors that can trigger a big rally in these ideas within the next three years.</p>



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/lithium-americas-lac-1600-300x169.jpg" alt="smartphone with logo of Canadian company Lithium Americas Corp on screen"><div>Source: Wirestock Creators / Shutterstock.com</div></div><p>In my view, <strong>Lithium Americas </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/lac-stock-quote/"><strong>LAC</strong></a></span>) stock trading under $5 is a gift. Once sentiments reverse for lithium, LAC stock is likely to go ballistic from deeply undervalued levels.</p>



<p>To put things into perspective, Lithium Americas has a current market valuation of $990 million. In comparison, the after-tax net present value of Thacker Pass asset is $5.7 billion. Purely based on asset valuation, the stock can be a six-bagger from current levels.</p>



<p>However, if we look beyond this, the Thacker Pass has a mine life of 40 years. Once both the phases of the lithium asset are commercialized, the <a href="https://lithiumamericas.com/files/doc_presentation/2024/05/LAC-Corporate-Presentation.pdf">annual EBITDA from the asset</a> is likely at $2 billion. Clearly, operating, and free cash flows will be robust. Further, estimates can change on the upside if lithium skyrockets due to supply-gap concerns in the coming years.</p>



<p>I would therefore buy and hold LAC stock. With <a href="https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Provides-a-Thacker-Pass-Construction-Plan-Update/default.aspx">commercialization</a> of the Thacker Pass asset due in 2027, multibagger returns are likely before that as the markets discount the cash flow potential.</p>



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/achr1600-2-300x169.png" alt="Person holding cellphone with logo of American eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>The flying car industry is at a nascent stage. Companies that are likely to commercialized eVTOL aircraft in the next 12 months will have an early-mover advantage. Considering the immense potential the industry holds, I expect multibagger returns from the best <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a>.</p>



<p><strong>Archer Aviation</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/achr-stock-quote/"><strong>ACHR</strong></a></span>) is an attractive name to consider at current levels of $3.7. It&rsquo;s worth noting that ACHR stock has corrected by almost 40% for year-to-date. This seems like a good opportunity to consider fresh exposure.</p>



<p>I like the fact that Archer already has <a href="https://investors.archer.com/files/doc_financials/2023/q4/Shareholder-Letter-Q423-FINAL.pdf">an order backlog of $3.5 billion</a>. The Company is constructing its high-volume manufacturing facility in Georgia. This facility is likely to have a capacity of building 650 aircraft annually.</p>



<p>With commercialization likely next year, Archer is positioned for healthy upside in revenue. It&rsquo;s also worth noting that the Company has stitched partnerships in UAE and India for expansion in 2025 and 2026 respectively.</p>



<p>As Archer gradually completes the required certifications in the United States, I expect the Company to make inroads into new geographies. The initial years of commercialization are therefore likely to be exciting and ACHR stock can potentially deliver multi-fold returns.</p>



<h2>Bitfarms (BITF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/bitf1600-300x169.png" alt="Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto."><div>Source: PHOTOCREO Michal Bednarek / Shutterstock.com</div></div><p><strong>Bitfarms</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bitf-stock-quote/"><strong>BITF</strong></a></span>) is one stock where I believe that seven-bagger returns are likely well before 2027. The <strong>Bitcoin</strong> (<span><a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a></span>) miner has corrected sharply by almost 40% for year-to-date. There are two reasons for the correction even as Bitcoin trends higher.</p>



<p>First, Bitfarms raised $375 million from an at-the-market equity offering program. The markets have therefore discounted the dilution factor. Further, with Bitcoin halving, mining is going to be relatively challenging. That&rsquo;s another factor being discounted in the stock.</p>



<p>Having said that, BITF stock looks undervalued considering the outlook for Bitcoin and the expansion plans. Chart expert, Peter Brandt <a href="https://www.coindesk.com/markets/2024/02/27/chart-expert-peter-brandt-raises-bitcoins-2025-target-to-200k-on-channel-breakout/">expects Bitcoin to peak</a> at $200,000 in the current bull market. If this holds true, BITF stock is likely to go through the roof.</p>



<p>Specific to Bitfarms, fundamentals are strong with a zero-debt balance sheet and a robust liquidity buffer. The Company plans to <a href="https://d1io3yog0oux5.cloudfront.net/_f3d6248e0d9d3f43b4152c6f73b4d887/bitfarms/db/862/8448/pdf/Investor+PPT+5.2.24+%281%29.pdf">increase hash rate capacity</a> from 6.5EH/s at the end of 2023 to 21EH/s by the end of the year. This is likely to translate into healthy revenue and cash flow upside. Further, as Bitcoin trends higher, the value of digital assets in the balance sheet will continue to swell.</p>



<h2>Cronos Group (CRON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/cannabis-stocks1600-3-300x169.png" alt="scientist checking organic hemp wild plants in a cannabis weed commercial greenhouse. Concept of herbal alternative medicine, cbd oil, pharmaceutical industry. Cannabis stocks, FLGC stocks"><div>Source: Chokniti-Studio / Shutterstock.com</div></div><p>There seems to be good things happening for the cannabis sector. Recently, Germany legalized the recreational use of cannabis. It&rsquo;s also likely that the U.S. will reclassify cannabis as a less dangerous drug (Schedule III).</p>



<p>Reports also indicate that even without federal level legalization, the U.S. cannabis market is <a href="https://www.globenewswire.com/en/news-release/2023/03/22/2632475/0/en/U-S-Cannabis-Sales-Could-Total-71B-in-2030-Without-Federal-Legalization.html">expected to be worth</a> $71 billion by 2030. Therefore, with a big addressable medicinal and recreational cannabis market in U.S. and Europe, there is ample headroom for growth.</p>



<p><strong>Cronos</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cron-stock-quote/"><strong>CRON</strong></a></span>) is among the best <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a> to buy to benefit from positive industry tailwinds. It&rsquo;s worth noting that Cronos has gone slow on expansion plans. Before 2023, the Company had presence in Canada and Israel.</p>



<p>However, Cronos has <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-fourth-quarter-and-full-year-results1">entered the medicinal cannabis market</a> of Germany and Australia last year. Recently, the Company also <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-enters-united-kingdom-cannabis-market">announced entry</a> in the United Kingdom. This might be the beginning of an aggressive expansion drive with Cronos sitting on a cash buffer of $862 million. Therefore, with the possibility of accelerated growth, I expect CRON stock to trend higher from undervalued levels.</p>



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/oil1600-300x169.png" alt="In the field, the oil pump in the evening, the evening silhouette of the pumping unit, the silhouette of the oil pump. Oil stocks and energy stocks"><div>Source: zhengzaishuru / Shutterstock.com</div></div><p>With the possibility of rate cuts in 2024 and next year, I expect energy prices to trend higher. <strong>Ring Energy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rei-stock-quote/"><strong>REI</strong></a></span>) stock looks significantly undervalued after remaining sideways for the last 12 months. Current levels of $1.8 look attractive for accumulation.</p>



<p>The first point to note is that Ring Energy reported proved reserves of 129mmboe as of 2023. The <a href="https://d1io3yog0oux5.cloudfront.net/_5f2f72e4982e5a2726fe7562b45ed0c9/ringenergy/db/880/7746/presentation/REI+Q1+2024+Supplemental+Information+Deck+FINAL++5-7-24.pdf">proved reserves have a PV10</a> (present value of estimated future oil and gas revenues, net of forecasted direct expenses) of $1.65 billion. In comparison, Ring Energy has a market valuation of $350 million. This puts into perspective the extent of undervaluation.</p>



<p>It&rsquo;s also worth noting that for Q1 2024, the Company reported adjusted free cash flow of $15.6 million. Ring Energy has reported positive AFCF for 18 consecutive quarters. With upside in production coupled with potentially higher realized price, I expect FCF to swell further. This will boost the Company&rsquo;s financial flexibility for investing in proved undeveloped reserves.</p>



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div><p>Among EV penny stocks, <strong>Solid Power</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/sldp-stock-quote/"><strong>SLDP</strong></a></span>) is the best pick for multibagger returns. The Company is working towards the commercialization of solid-state batteries and business developments have been encouraging. After a deep correction, SLDP stock has trended higher by 20% for year-to-date. I expect this positive momentum to sustain.</p>



<p>Last year, Solid Power delivered A-1 sample cells to clients for validation testing. The Company is <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-First-Quarter-2024-Results-Reflect-Continued-Progress-Towards-2024-Goals/default.aspx">targeting to deliver</a> A-2 sample cells this year. This cell will address the challenges in the previous design. Further, the Company has also expanded electrolyte sampling with shipments to multiple potential customers.</p>



<p>I must add here that Solid Power has the backing of strong automotive partners that includes <strong>Ford</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/f-stock-quote/"><strong>F</strong></a></span>) and <strong>BMW</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/"><strong>BMWYY</strong></a></span>). Earlier this year, the Company deepened its partnership with <strong>SK On</strong>. The target is to embed Solid Power into the Korean battery ecosystem.</p>



<p>Therefore, with continued progress on the R&amp;D front, strong partners, and ample financial flexibility, SLDP stock is a steal at current levels.</p>



<h2>Aker Carbon Capture (AKCCF)</h2>



<a href="https://investorplace.com/wp-content/uploads/2021/03/penny-stocks-1.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/penny-stocks-1-300x169.jpg" alt="Stacks of pennies, penny stocks."></a><p>With global focus on decarbonisation, <strong>Aker Carbon Capture</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/akccf-stock-quote/"><strong>AKCCF</strong></a></span>) is an interesting penny stock to buy. The Company is a provider of products, solutions, and technology in the field of carbon capture. With a big addressable market in U.S. and Europe, I expect Aker Carbon to deliver stellar growth in the coming years.</p>



<p>An important point to note is that the Company&rsquo;s proprietary carbon capture technology already has 60,000 operating hours. The technology is therefore proven and Aker has already delivered seven carbon capture units. Further, Aker Carbon has a <a href="https://akercarboncapture.com/wp-content/uploads/2024/04/ACC-Q1-2024.pdf">strong order backlog</a> of 2.3 billion Norwegian krone as of Q1 2024.</p>



<p>This is however just the beginning with the Company <a href="https://akercarboncapture.com/wp-content/uploads/2024/01/ACC-Q4-2023.pdf">targeting to secure contracts</a> to capture 10 million tonnes CO2 per annum by 2025. If this target is achieved, I expect stellar revenue and EBITDA growth. With the Company making aggressive inroads in the U.S. markets, I believe that the target is realistic.</p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/7-massively-undervalued-penny-stocks-to-buy-for-7-bagger-returns/">7 Massively Undervalued Penny Stocks to Buy for 7-Bagger Returns</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Massively Undervalued Penny Stocks to Buy for 7-Bagger Returns

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s a good time to talk about penny ideas with the <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> back in action. In my view, the price-action in <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>&#x2A; will be bigger in the coming quarters. Possible rate cuts will translate into easy money flowing into the financial system. Therefore, speculative activity is likely to increase.</p>



<p>Importantly, even in a meme stock rally, the price-action can be different depending on sectors. The reason for choosing clean energy penny stocks is the fact that the clean energy sector has multi-decade tailwinds. Hence, when speculative activity peaks, investors can grab hot clean <a href="https://investorplace.com/industries/energy/">energy stocks</a>.</p>



<p>In a euphoric rally, multibagger returns come at the blink of an eye. So, we will look at the ideas as a trading bet with a holding horizon of 6 to 12 months. Let&rsquo;s explore the reasons to be bullish on these clean energy penny stocks.</p>



<h2>Aker Carbon Capture ASA (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/clean-energy-graphic-300x169.png" alt="An illustration of various clean energy symbols; a faucet with water flowing to the earth, a windmill and solar panel with a plug leading to an electric car. clean energy stocks"><div>Source: RoseStudio / Shutterstock</div></div><p><strong>Aker Carbon Capture</strong> <strong>ASA</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/akccf-stock-quote/"><strong>AKCCF</strong></a></span>) is among the most attractive clean energy penny stocks to buy. The penny stock can deliver 10x returns in quick time.</p>



<p>Aker Carbon Capture ASA is a provider of products, solutions and technology related to carbon capture. The company&rsquo;s <a href="https://akercarboncapture.com/wp-content/uploads/2024/04/ACC-Q1-2024.pdf">proven technology</a> has over 60,000 operating hours with seven carbon capture units delivered.</p>



<p>Considering the market potential, this is just the beginning for AKCCF. With presence in Europe and America, the addressable market is significant. And now, the company is making the right moves.</p>



<p>In March 2024, Aker Carbon Capture ASA <a href="https://newsweb.oslobors.no/message/614772">announced a joint venture</a> with <strong>Schlumberger</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/slb-stock-quote/"><strong>SLB</strong></a></span>) to combine the respective carbon capture businesses. Once the transaction is completed, Schlumberger will own 80% of the entity with Aker Carbon Capture ASA owning 20%. The combined technology coupled with the financial backing of Schlumberger is likely to translate into significant value creation.</p>



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/plug1600-9-300x169.png" alt="Mobile phone with logo of American hydrogen fuel cell company Plug Power Inc. in front of business website. Focus on center of phone display. Unmodified photo. PLUG stock"><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Plug Power</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a></span>) was among the hottest <a href="https://investorplace.com/industries/energy/renewable-energy/">clean energy stocks</a> during 2021. However, there has been a sustained meltdown in PLUG stock to current levels of $3.2. While Plug Power has ambitious growth plans, the markets have been concerned about financing and execution. That&rsquo;s the key reason for the big correction.</p>



<p>However, at current levels, PLUG stock is deeply oversold. With positive tailwinds for the hydrogen economy, I am positive on a sharp rally from current levels. My view is underscored by several positive business developments.</p>



<p>The most important is a <a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Receives-1.66-Billion-Conditional-Commitment-Loan-Guarantee-From-Department-of-Energy-for-Green-Hydrogen-Development-Pipeline/default.aspx">conditional loan commitment</a> of $1.66 billion from the U.S. Department of Energy (<strong>DOE</strong>). This financing will be used for development, construction and ownership of up to six green hydrogen production facilities. The loan commitment from the DOE adds significant credibility to the company&rsquo;s growth story.</p>



<p>Notably, Plug Power has been expanding internationally. Recently, the company signed a <a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Signs-3-GW-BEDP-Contract-with-Allied-Green-Ammonia-for-Electrolyzer-Project-in-Australia/default.aspx">basic engineering and design package</a> with <strong>Allied Green Ammonia</strong> in Australia. The package is for a three-gigawatt (<strong>GW</strong>) electrolyzer plant for supplying hydrogen.</p>



<h2>NANO Nuclear Energy (NNE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1007906431-300x169.jpg" alt="clean energy stocks: a nuclear power plant in Belgium"><div>Source: engel.ac / Shutterstock</div></div><p><strong>NANO Nuclear Energy</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nne-stock-quote/"><strong>NNE</strong></a></span>) is an interesting pick for two reasons. First, the company has been recently listed and flies under the radar. Further, NNE claims to be the first nuclear micro-reactor company to be listed in the U.S.</p>



<p>Also, NANO Nuclear Energy commands a market valuation of just $110 million. It&rsquo;s a high-risk bet, but returns can be multi-fold if the products under development can support growth.</p>



<p>Presently, the company is <a href="https://ir.nanonuclearenergy.com/static-files/94e0692f-e097-47d8-935a-edbbcb23792d">developing a portable micro-reactor technology</a> along with nuclear fuel fabrication and transportation services. Also, the company is involved in the nuclear energy consulting services.</p>



<p>Therefore, the business is likely to be well-diversified in the next few years. The U.S. is the <a href="https://world-nuclear.org/information-library/country-profiles/countries-t-z/usa-nuclear-power">largest producer of nuclear power</a> and accounts for 30% of global nuclear electricity. Expect the nuclear support and consultancy business to gain traction next year. But keep in mind that the advanced nuclear micro-reactor is still in the development stage. So, it will require investments in the next few years before licensure.</p>



<p>&#x2A;<strong><em>On Penny Stocks and Low-Volume Stocks:</em></strong><em>&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;</em><a href="http://investorplace.com/"><em>InvestorPlace.com</em></a><em>&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em>Read More:&nbsp;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/3-clean-energy-penny-stock-picks-with-multibagger-returns-potential/">3 Clean Energy Penny Stock Picks With Multibagger Returns Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Clean Energy Penny Stock Picks With Multibagger Returns Potential

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>May was a month of haves and have-nots. The markets reached <a href="https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-hold-just-shy-of-record-high">all-time highs,</a> defying the skeptics. However, the indices&rsquo; action masked underlying carnage in several sectors, which has presented some oversold stocks to buy.</p>



<p>Lately, this has been a market of contrasts. Although impressive performances from stocks like <strong>Nvidia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>) led the <strong>S&amp;P 500</strong> to the highest monthly close ever, breadth has been weak. Indeed, looking under the hood, many stocks are making three-month lows.</p>



<p>Idiosyncratic factors have hit several industries. Software, for instance, has been a minefield as investors grapple with underwhelming guidance and the unknown disruption from AI. Meanwhile, <a href="https://investorplace.com/industries/energy/">energy stocks</a> have declined due to <a href="https://www.cnbc.com/2024/05/30/us-crude-oil-falls-3point2percent-in-may-on-pace-for-worst-month-of-the-year.html">falling oil prices,</a> whereas consumer staples have declined as consumers begin pushing back on higher prices.</p>



<p>These three oversold stocks to buy have suffered as their industries face the abovementioned challenges. However, this is an opportunity, given their long-term track record and bargain valuations at current levels.</p>



<h2>Paycom Software (PAYC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/paychex-payx-1600-300x169.jpg" alt="Paychex Flex app is seen in the App Store on an iPhone"><div>Source: Tada Images / Shutterstock.com</div></div><p>This week, <a href="https://investorplace.com/industries/technology/software/">software stocks</a> were in the spotlight after <strong>Salesforce</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/crm-stock-quote/"><strong>CRM</strong></a></span>) <a href="https://www.reuters.com/technology/salesforce-plummets-weak-forecast-sparks-concern-ai-competition-2024-05-30/">reported underwhelming results,</a> leading to one of the worst daily declines ever in the sector. Unfortunately, <strong>Paycom</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/payc-stock-quote/"><strong>PAYC</strong></a></span>), a human capital management platform, was also caught up in the selloff. The decline added to the losses the stock had experienced due to product rollout problems.</p>



<p>However, the downturn in PAYC stock is overdone, and the stock is a bargain. Notably, the stock is over 70% below its October 2021 highs and is among the top oversold stocks to buy. The indiscriminate selling of software has created an opportunity for a highly profitable SAAS stock.</p>



<p>Notably, the company has achieved over 30% annual revenue growth over nearly the past decade, excluding 2020. But in 2023, <a href="https://seekingalpha.com/news/4027787-paycom-software-stock-sinks-40-after-q3-earnings-show-beti-cannibalization">operational missteps in a product rollout</a> led to 23% growth. Still, that&rsquo;s top-tier growth. Furthermore, the company has maintained operating margins above 20% and very high returns on invested capital.</p>



<p>As of this writing, the stock is trading at one of its lowest valuations. Although growth has slowed, management <a href="https://investors.paycom.com/news/news-details/2024/Paycom-Software-Inc.-Reports-First-Quarter-2024-Results/default.aspx">expects</a> a respectable 10% to 11% revenue growth this year. They have also guided for $720 to $730 million in EBITDA, meaning the stock is trading at a forward EV/EBITDA of 11. Without a doubt, Paycom is just too cheap to ignore.</p>



<h2>Hormel Foods (HRL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/hrl-1600-300x169.png" alt="Hormel Foods Logo shown on a laptop screen behind a phone screen also showing the logo. HRL stock."><div>Source: viewimage / Shutterstock</div></div><p>Inflation was a tailwind for food and snack companies. But now <a href="https://www.voanews.com/a/consumers-pushing-back-against-price-increases-and-winning-/7501705.html">consumers are pushing back,</a> causing volume declines. As a result, stocks like <strong>Hormel Foods</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/hrl-stock-quote/"><strong>HRL</strong></a></span>) have suffered, and it&rsquo;s one of the most oversold stocks to buy. No one should count out the maker of the <a href="https://www.hormelfoods.com/newsroom/press-releases/iconic-spam-brand-more-popular-than-ever-around-the-world/">iconic SPAM brand.</a> It has a long track record of execution.</p>



<p>Amid the uncertain consumer environment, management is working on strategic growth priorities. Already, these initiatives are bearing fruit. The food service segment had an impressive first half of the fiscal year 2024, with growing volume, net sales and segment profits. In <a href="https://s25.q4cdn.com/701713307/files/doc_earnings/2024/q2/earnings-result/hormel-earnings-release-q2-2024.pdf">Q2 2024,</a> volumes grew by 3% and net sales by 6%.</p>



<p>Furthermore, the company is investing in its brands to boost growth. A good example is increased advertising spending on the Planters Snack Nuts business, which it acquired from <strong>Kraft </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/khc-stock-quote/"><strong>KHC</strong></a></span>) in 2021. Due to these brand-building and innovation efforts, the brand saw momentum in volume and sales growth.</p>



<p>Taking it together, management will return this <a href="https://www.suredividend.com/dividend-kings-hrl/">Dividend King</a> to growth. For now, it&rsquo;s cheap. Management expects adjusted diluted net EPS of $1.55 to $1.65, which means that HRL stock trades at 20 times forward earnings. As a bonus, you earn a 3.65% dividend that stands out due to the <a href="https://www.marketbeat.com/stocks/NYSE/HRL/dividend/">59 years</a> of dividend growth.</p>



<h2>Schlumberger (SLB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/schlumberger_slb1600-300x169.jpg" alt="slb stock"><div>Source: Valentin Martynov / Shutterstock.com</div></div><p>Oil services giant <strong>Schlumberger</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/slb-stock-quote/"><strong>SLB</strong></a></span>) reported impressive results on April 19. However, the stock price declined in May due to weaker oil prices and has been down 7% over the past three months. If you are looking for oversold stocks to buy in energy, SLB stock fits the bill.</p>



<p>Clearly, the stock price has diverged from fundamentals, which presents an opportunity. In <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-first-quarter-2024-results">Q1 2024,</a> revenues were $8.71 billion compared to $7.7 billion in Q1 2023, representing 13% year-over-year growth. Additionally, adjusted EBITDA surged 15% to $2.06 billion.</p>



<p>Due to the positive energy demand outlook, Schlumberger&rsquo;s business momentum continues. International and offshore operators need its equipment and services to boost production and reservoir recovery.</p>



<p>Additionally, the company is positioned to benefit from the focus on emission reductions. Through a <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-agreement-acquire-majority-ownership-aker-carbon">combination with <strong>Aker Carbon Capture</strong></a> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/akccf-stock-quote/"><strong>AKCCF</strong></a></span>), it now has a proven platform with leading technology. These carbon capture and sequestration and lower-carbon technologies will be a source of future growth.</p>



<p>At a trailing EV/EBITDA multiple of 10x and a forward P/E ratio of 13, SLB stock is too cheap. <strong>Morgan Stanley&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ms-stock-quote/"><strong>MS</strong></a></span>) Mike Wilson agrees and includes the stock in his high-quality growth list. In short, SLB is a bargain stock and also a hedge against geopolitical flare-ups or higher oil prices.</p>



<p><em>On the date of publication, Charles Munyi did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>
<div><p>Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-oversold-stocks-to-buy-right-now-while-the-gettin-is-good/">3 Oversold Stocks to Buy Right Now While The Gettin&#8217; Is Good</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Oversold Stocks to Buy Right Now While The Gettin' Is Good

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s unrealistic to expect to make millions from the markets in a quick time. Good business will create value and millionaires over the long term.&nbsp;Having said that,&nbsp;investors need to have a dynamic approach and grab opportunities that can deliver quick trading returns. The profits can be channeled to long-term bets.</p>



<p>A&nbsp;likely opportunity to make quick money&nbsp;is an impending broad-based meme euphoria.&nbsp;In the recent past, I have discussed stocks from the&nbsp;main&nbsp;exchanges that are likely to surge.&nbsp;This column focuses on the OTC stocks&nbsp;to buy that are likely to&nbsp;skyrocket during a meme rally.</p>



<p>Since the stocks are listed on the OTC exchange, these stories are under-the-radar.&nbsp;However, they represent companies with average to good fundamentals. I have avoided talking about purely speculative ideas that can witness a big rally&nbsp;that&rsquo;s&nbsp;followed&nbsp;by an equally sharp meltdown.</p>



<p>Let&rsquo;s discuss the business factors&nbsp;that are&nbsp;likely to support the meme-driven rally in these OTC stocks.</p>



<h2>Curaleaf Holdings (CURLF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cannabis_1600_1793299462-300x169.png" alt="Young green medicinal marijuana plant in a pot after a rain fall shallow depth of field with focus on leaf; cannabis stocks"><div>Source: gvictoria / Shutterstock.com</div></div><p><strong>Curaleaf Holdings</strong>&nbsp;(OTCMKTS:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/curlf-stock-quote/">CURLF</a></strong>) stock has been in a gradual uptrend with a relatively positive outlook for the cannabis industry.&nbsp;However, a sharp rally is impending&nbsp;and that&rsquo;s likely&nbsp;during a meme euphoria.</p>



<p>One reason to like Curaleaf is the point that cannabis regulatory headwinds are gradually waning. With U.S. Presidential elections due later this year, it&rsquo;s likely that federal-level legalization of cannabis will be in focus. Further, there is an impending reclassification of cannabis as a Schedule III drug.&nbsp;This&nbsp;is likely to be a&nbsp;big&nbsp;catalyst for CURLF stock upside. It&rsquo;s worth noting that the cannabis company has a presence in 17 states in the U.S.</p>



<p>Further, Curaleaf has been&nbsp;<a target="_blank" href="https://filecache.investorroom.com/mr5ir_curaleaf/619/Curaleaf%20Investor%20Deck%204Q23_vF.pdf">aggressively expanding</a>&nbsp;in the European medicinal cannabis segment.&nbsp;With presence in 15 countries globally, the cannabis player is poised for accelerated growth. At the same time,&nbsp;<a target="_blank" href="https://ir.curaleaf.com/2024-05-09-Curaleaf-Reports-First-Quarter-2024-Results">operating and free cash&nbsp;flows</a>are&nbsp;likely to swell.&nbsp;Therefore, with&nbsp;strong&nbsp;fundamentals and an accelerated growth outlook, CURLF stock seems positioned to skyrocket.</p>



<h2>Lundin Gold (LUGDF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/costco-gold-bars1600-300x169.png" alt="Gold bars and Financial concept, studio shots. Costco's gold bars, cost stock"><div>Source: Misunseo / Shutterstock.com</div></div><p>Gold has sustained above $2,300 an ounce and&nbsp;I believe that&nbsp;potential rate cuts will translate into further upside.&nbsp;It&rsquo;s therefore a good time to remain invested in gold mining stocks and&nbsp;<strong>Lundin Gold</strong>&nbsp;(OTCMKTS:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/lugdf-stock-quote/">LUGDF</a></strong>)&nbsp;is undervaluedamong OTC stocks.</p>



<p>To put things into perspective, LUGDF stock trades at an attractive forward P/E of 20.9 and offers a dividend yield of 2.68%. While the stock has been trending higher, I expect a sharp rally in the coming quarters.</p>



<p>An obvious reason is&nbsp;visibility for&nbsp;higher realized gold prices. This is likely to translate into revenue growth and cash flow upside. An important point to note is that Lundin has guided for an&nbsp;<a target="_blank" href="https://lundingold.com/site/assets/files/111177/2024-06-10-cp-lug.pdf">all-in-sustaining cost</a>&nbsp;of $820 to $890 an ounce for 2024. The low-cost gold miner is therefore positioned to deliver healthy EBITDA margin expansion.&nbsp;This&nbsp;is an&nbsp;importantcatalyst for LUGDF stock trending higher.</p>



<p>Further, with a debt-free status, there is high financial flexibility for aggressive exploration and potential acquisitions. &nbsp;If gold trades above $2,500 an ounce, I would not be surprised&nbsp;with LUGDF doubling in quick time.</p>



<h2>Aker Carbon Capture (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/green_stocks_1600-300x169.jpg" alt="A person waters a plant in the shape of a graph representing a growing stock price. Eco-Friendly Stocks for Profits"><div>Source: Khakimullin Aleksandr / Shutterstock.com</div></div><p><strong>Aker Carbon Capture</strong>&nbsp;(OTCMKTS:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a></strong>) is another&nbsp;name among OTC stocks&nbsp;to buy that can deliver multibagger returns in a meme frenzy. It&rsquo;s worth noting that AKCCF stock has corrected by 50%&nbsp;for&nbsp;year-to-date. The selling is overdone and a sharp reversal is on the cards.</p>



<p>As an overview, Aker Carbon Capture is a provider of products and solutions related to carbon capture technology. The company has already delivered seven carbon capture units with 60,000 operating hours. Therefore, the technology is proven and the addressable market is significant.</p>



<p>In terms of&nbsp;positives, Aker Carbon reported an&nbsp;<a target="_blank" href="https://akercarboncapture.com/wp-content/uploads/2024/04/ACC-Q1-2024.pdf">order backlog</a>&nbsp;of 2.3 billion Norwegian Krone as of Q1 2024.&nbsp;Thisprovides revenue visibility&nbsp;and&nbsp;I expect the order book to swell in the coming quarters.</p>



<p>In&nbsp;a big&nbsp;development, Aker Carbon&nbsp;has&nbsp;<a target="_blank" href="https://akercarboncapture.com/?cision_id=A0C4A327128EA65C">formed a partnership</a>&nbsp;with&nbsp;<strong>Schlumberger</strong>&nbsp;(NYSE:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a></strong>). Under this partnership, Schlumberger will combine its carbon capture business with Aker. With the backing of a blue-chip company,&nbsp;it&rsquo;s likely that Aker Carbon will&nbsp;create value.</p>



<p><em>On the&nbsp;date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a target="_blank" href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-otc-stocks-to-buy-for-a-massive-meme-rally/">3 OTC Stocks to Buy for a Massive Meme Rally</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 OTC Stocks to Buy for a Massive Meme Rally

ACGL

BAIDF

BIDU

BIRK

BITF

BMWYY

CLLNY

CLNXF

CLZNF

CLZNY

CRON

CURLF

CVNA

DAVA

DCHPF

DPHAY

DSFIY

DSMFF

EQBBF

FIGIF

FYGGY

JPXGY

KDSKF

KGDEF

KGDEY

LUGDF

MBFJF

MUFG

OSCUF

PAYC

PLUG

RNECF

RNECY

SCPPF

SLDP

SMFG

SMFNF

SYIEF

SYIEY

TOELF

TOELY

WOSGF

Europe Carbon Dioxide Market to Grow at 7.2% CAGR, Reaching US$ 772.4 Million by 2032

Aker Carbon Capture

<p><strong>Schlumberger NV</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), <strong>Agco Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) and <strong>Darling Ingredients Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) are three American companies trading near 52-week lows. Benzinga&#8217;s fundamental and technical ratings signal that the stocks are trading below their intrinsic value, check technical boxes and could outperform <a href="https://www.benzinga.com/topic/wall-street">Wall Street expectations</a>.</p>



<p><strong>Benzinga Ratings:</strong> Benzinga generates rating overviews for publicly traded companies utilizing fundamentals and technicals. Fundamental analysis includes earnings per share (EPS), price-to-earnings (PE), price-to-book ratios, return on equity, and debt-equity ratios compared to public comps. Technical analysis uses buy and sell ratings, RSI and price trends.</p>



<p><strong>Schlumberger Bull Case:</strong> Schlumberger, an off-shore drilling services company, <a href="https://www.benzinga.com/quote/SLB">is rated &#8220;Good,&#8221;</a> performing well in fundamental and technical analysis.</p>



<p>The company specializes in using technology for processing data for reservoir exploration, carbon capture and drilling among other segments. </p>



<p>The company&#8217;s stock has traded lower after encouraging signs of conflict resolution in the Middle East and an OPEC meeting in which members said they would start phasing out voluntary production cuts, according to <a href="https://benzinga.com/pro">Benzinga Pro</a>.</p>



<p>There are encouraging signs that Schlumberger can reverse course. In March, the company <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-agreement-acquire-majority-ownership-aker-carbon">acquired</a> <strong>Aker Carbon Capture ASA </strong>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AKCCF#OTC">AKCCF</a>) to improve the company&#8217;s carbon capture platform. </p>



<p>In April, the company <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-agreement-acquire-championx-all-stock-transaction">announced</a> the acquisition of the publicly traded <strong>ChampionX Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHX#NASDAQ">CHX</a>) in an all-stock deal. The deal will help Schlumberger&#8217;s production chemicals segment. SLB&#8217;s share price did not move off of either acquisition.</p>



<p>Schlumberger shares are trading at $43.69, up 1.13% on Thursday. The stock is down about 30.48% from its 52-week high, which is $62.12. The company recently increased its yearly dividend to $1.10.</p>



<p><strong>Agco Corp Bull Case:</strong> Agco, an agricultural machinery manufacturer, <a href="https://www.benzinga.com/quote/AGCO">is rated &#8220;Good.&#8221;</a></p>



<p>Agco is a relatively small manufacturer of farming equipment. The company competes with the much larger <strong>Deere &amp; Co</strong> in high-end tractor equipment. While the company excelled throughout the 2010s and early 2020s, it has struggled recently along with the broader industry: <strong>iShares MSCI Agriculture Producers ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEGI#NYSE">VEGI</a>) is down over 6% in the past year amid slowing demand.</p>



<p>Agco is trading at a low PE of 7. While the stock&#8217;s price has been beaten up, the company still commands a substantial market share in an industry with a <a href="https://www.statista.com/outlook/io/agriculture/united-states">stable</a> compound annual growth rate. </p>



<p>The Georgia-based company recently closed a deal to acquire Trimble to improve Agco&#8217;s agritech platform. The acquisition could be a future growth driver.</p>



<p>Agco shares are trading at $103.19, down 0.29% on Thursday. The company&#8217;s stock is down 24.89% from its 52-week high of $140.46.</p>



<p><strong><strong>Darling Ingredients</strong> Bull Case:</strong> Darling Ingredients, a natural ingredients producer, <a href="https://www.benzinga.com/quote/DAR">is rated &#8220;Good.&#8221;</a></p>



<p>The company transforms food and agriculture waste into sustainable ingredients for use in animal feed and energy, among other products. </p>



<p>Darling saw rapid growth in the aftermath of the pandemic, jumping over 400% in a year. The company&#8217;s revenue and earnings growth and earnings have since declined. </p>



<p>In particular, the company&#8217;s Diamond Green Diesel joint venture with <strong>Valero Energy Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) has seen declining earnings.</p>



<p>Amid the company&#8217;s woes, its drawdown could mark an attractive time for investors optimistic about Darling&#8217;s business model to invest in the company. In particular, Darling&#8217;s sustainability goals have substantial potential amid greater environmental consciousness.</p>



<p>Darling Ingredients shares are trading at $37.80, down 0.18% on Thursday. DAR is down 46.88% from its 52-week high of $71.60</p>



<p><em>Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39205294/jim-cramer-recommends-buying-pnc-financial-services-calls-mastec-a-great-infrastructure-">Jim Cramer Recommends Buying PNC Financial Services, Calls MasTec A &#8216;Great Infrastructure Play&#8217;</a></em></p>



<p><em>Photo: Shutterstock</em></p>

Buying The Dip: Three 'Good' Stocks Are Near 52-Week Lows — Are They Worth It?

<p>Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC&#39;s commercial carbon capture product offering and SLB&#39;s new technology developments and industrialization capability. It will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial, proven platform. Following the transaction, SLB will own&nbsp;80%&nbsp;of the combined business and ACC will own&nbsp;20%.</p>

Reported Earlier, SLB Agrees To Acquire 80% Stake In Aker Carbon Capture For NOK 4.12B, Boosting Decarbonization Efforts

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Aker Carbon Capture

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