Following are 03 of the hottest penny stocks (in no particular order) on the market right now. These fundamentally strong penny stocks are from varied sectors and have the potential to offer impressive returns.
Level 3 Communications Inc. (NASDAQ: LVLT), this Integrated communications service company has not only shown an amazing growth of 23% in the past week but it's penny stocks are also up by 88% since the start of 2011.
Capstone Turbine Corp. (NASDAQ: CPST), this microturbine technology solutions company has posted quarterly revenue growth of 51% year over year, last quarter.
The chemical and radiation detection monitor developer company, RAE Systems Inc. (AMEX: RAE) , with an impressive 140% increase in penny stocks in the last 12 months is at number three on our list.
In spite of being a greater risk option as compared to other stock options, penny stocks are worth dabbling with in the present market scenario.