Penny Stocks to Consider Amid Market Volatility: 3 Companies with Strong Financials

This article highlights three penny stocks with market caps over $90M that investors should consider. The stocks are Imperial Petroleum, New Horizon Aircraft, and Waterdrop. These companies exhibit financial robustness and potential for long-term growth. The article also includes a table of the top 10 penny stocks in the US and provides a brief overview of CBAK Energy Technology, one of the screened companies.

In the midst of geopolitical tensions and fluctuating oil prices, investors are keenly watching for opportunities in the market. Despite the vintage connotation of "penny stocks," these smaller or newer companies can present valuable investment prospects when they are grounded in strong financials. This article explores three penny stocks with market caps over $90M that exhibit financial robustness and potential for long-term growth: Imperial Petroleum (IMPP), New Horizon Aircraft (HOVR), and Waterdrop (WDH).

Imperial Petroleum (IMPP)

Imperial Petroleum, with a market cap of $106.34M, is a company that focuses on the exploration, development, and production of oil and natural gas. Its share price is currently $3.23. The company's financial health rating is ★★★★☆☆, indicating a balanced financial position. Imperial Petroleum has faced challenges with declining revenues but has secured significant orders and announced a share buyback program, showing confidence in its future prospects. The company's strategic partnership with Kandi Technologies aims to establish lithium battery production facilities in the U.S., potentially capturing opportunities within the expanding North American off-road vehicle market valued at billions by 2030.

New Horizon Aircraft (HOVR)

New Horizon Aircraft, with a market cap of $42.06M, is a company that designs and manufactures electric aircraft. Its share price is currently $1.37. The company's financial health rating is ★★★★☆☆, indicating a balanced financial position. New Horizon Aircraft has reported modest growth in revenues and maintains a strong cash position, providing a solid financial foundation for future growth. The company's focus on innovation and the growing demand for electric aircraft make it an attractive investment opportunity.

Waterdrop (WDH)

Waterdrop, with a market cap of $509.94M, is a company that designs and manufactures water purification systems. Its share price is currently $1.38. The company's financial health rating is ★★★★☆☆, indicating a balanced financial position. Waterdrop has reported strong revenue growth and maintains a healthy cash position, providing a solid financial foundation for future growth. The company's focus on innovation and the growing demand for water purification systems make it an attractive investment opportunity.

Top 10 Penny Stocks in the United States

Below is a table of the top 10 penny stocks in the United States, based on market cap:

| Name | Share Price | Market Cap | Rewards & Risks |
|------------------|-------------|------------|-----------------|
| Imperial Petroleum (IMPP) | $3.23 | $106.34M | ✅ 4 ⚠️ 1 |
| New Horizon Aircraft (HOVR) | $1.37 | $42.06M | ✅ 4 ⚠️ 5 |
| Waterdrop (WDH) | $1.38 | $509.94M | ✅ 4 ⚠️ 0 |
| Greenland Technologies Holding (GTEC) | $2.09 | $37.66M | ✅ 2 ⚠️ 5 |
| WM Technology (MAPS) | $1.06 | $176.59M | ✅ 4 ⚠️ 1 |
| Perfect (PERF) | $1.82 | $187.4M | ✅ 4 ⚠️ 0 |
| Tuniu (TOUR) | $0.9326 | $112.64M | ✅ 4 ⚠️ 0 |
| Flexible Solutions International (FSI) | $4.39 | $54.64M | ✅ 1 ⚠️ 2 |
| BAB (BABB) | $0.831825 | $5.9M | ✅ 2 ⚠️ 3 |
| Lifetime Brands (LCUT) | $3.95 | $89.66M | ✅ 3 ⚠️ 2 |

CBAK Energy Technology (CBAT)

CBAK Energy Technology, with a market cap of $98.93M, is a company that manufactures, commercializes, and distributes standard and customized lithium and sodium batteries. Its share price is currently not specified. The company has faced challenges with declining revenues but has secured a significant order from Livguard worth approximately US$3 million and announced a share buyback program of up to US$20 million, indicating confidence in its future prospects. The strategic partnership with Kandi Technologies aims to establish lithium battery production facilities in the U.S., potentially capturing opportunities within the expanding North American off-road vehicle market valued at billions by 2030.

References

[1] https://simplywall.st/stocks/us/capital-goods/nasdaq-cbat/cbak-energy-technology/news/3-promising-penny-stocks-with-market-caps-over-90m-to-consid

[2] https://simplywall.st/stocks/us/materials/nyse-pack/ranpak-holdings/news/june-2025s-spotlight-on-promising-penny-stocks