The solar energy market is rapidly expanding, with utility-scale, private residential, commercial, and industrial installations in high demand. BioSolar Inc. (OTC: BSRC) is a penny pick for the solar energy market, with additional exposure to the exciting lithium battery and electric vehicle markets.
BioSolar develops efficient technologies for solar and battery storage. Its bio-based backing sheets improve the efficiency and cost-attractiveness of solar panels and have already been used successfully in the American market. More recently, BioSolar has developed lithium-ion batteries that have higher capacity, lower cost, and extended lifetimes compared to traditional batteries. The electric vehicle market is expected to grow to a value of $92 billion by 2025, creating a huge opportunity for company expansion. BioSolar has partnered with TopBattery Co. to distribute its innovative technologies. TopBattery is a leading Korean lithium-ion battery company with strong automotive ties.
Fundamentals are weak on this stock but with penny picks, the allure is all in the potential. BioSolar stock is affordable today and could grow significantly as the solar and lithium markets expand. Investors looking for future-focused energy picks can consider this bargain option in March. Having recently peaked, buying on the dip could be the best way to invest in BioSolar.
- 1 Year Price Growth: 46%
- YTD Price Growth: 95%
- 3 Month Price Growth: 80%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.