Some of the best solar stocks are now out of reach for bargain investors, but there are still exciting picks to be found at the bottom of the market. BioSolar Inc. (OTC: BSRC) is a nano-cap penny stock, but it has long term potential, especially when considering that solar and other renewables are expected to provide the majority of the world’s energy in the next 30 years.
As an OTC stock, BioSolar doesn’t report financials audited by the Securities and Exchange Commission. When the company reported performance for the 2018 fiscal year, gross income was -$6.1 million.
The loss is unsurprising. The company is focused primarily on research. It develops products that increase efficiency in the renewable energy sector. In addition to solar products, it has recently developed lithium-ion batteries that incorporate silicon anode technology. These are highly efficient with performance-boosting effects in power tool devices. The company is in its second batch of prototypes and hopes to eventually take the R&D and apply it to electric vehicle batteries. The potential here is high. The electric vehicle market is currently growing at a rate of 60% year over year.
This is a highly speculative pick, but at its current price, the risk is minor. Investors who are optimistic about the future of solar and lithium batteries could find this company’s novel technologies to be worth a small to moderate holding.
- 1 Year Price Growth: -62.42%
- YTD Price Growth: -16.78%
- 3 Month Price Growth: -34.74%
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.