Investor John Templeton got his start in penny stocks. Here are some large companies that were once pennystocks!

Let’s explore how some of these tech giants 

and other companies were once penny stocks:

1. Apple (NASDAQ: AAPL): Apple, founded in 1976, had its ups and downs. With nine stock splits taken into account, it was in penny stock territory as recently as 1995. Now, it trades above $300 a share1.

2. Ford Motor Company (NYSE: F): Ford, a Fortune 500 company, was also once a penny stock. It has come a long way since then2.

3. Amazon (NASDAQ: AMZN): Believe it or not, Amazon was once a penny stock too. Its remarkable growth turned it into the e-commerce giant we know today3.

4. Google (now Alphabet): Google (now part of Alphabet) started as a penny stock when it went public in 2004. Its search engine dominance and expansion into various tech sectors transformed it into a powerhouse1.

5. Microsoft (NASDAQ: MSFT): Microsoft, with its stock splits considered, was in penny stock territory until the mid-1990s. It has since become one of the world’s most valuable companies1.

These transformations demonstrate the potential for substantial growth

even from humble beginnings!

As an interesting side note, in 1998 when Amazon was still in it's infancy, Jeff Bezos was not a multi billionaire. 

However, he saw a company that he believed had a vision for the future.  He invested $250,000 (a large sum for him at the time) into that company. That company was Google!

Bezos turned that modest $250,000 investment into $7.9 billion 

a 3 million percent-plus return

Here are five more companies that were once penny stocks that have achieved significant success:

1. Sirius XM Holdings Inc. (SIRI): Sirius XM, one of the world’s biggest audio and communication companies, was once a penny stock trading at only $0.60 about 10 years ago. It has since grown over 965% and expanded its reach with the addition of Pandora Radio1.

2. Accelerate Diagnostics Inc. (AXDX): Focused on solving antibiotic resistance challenges, Accelerate Diagnostics has seen substantial growth. Its stock was once considered a very small penny stock but has risen significantly since then1.

3. True Religion (formerly NASDAQ: TRLG): True Religion traded under $1 in the mid-2000s and grew into a strong company2.

4. Pier 1 (formerly NYSE: PIR, now OTCPK: PIRRQ): Pier 1 experienced tremendous highs as a penny stock and managed to reverse its fortunes2.

5. Monster Beverage Corporation (NASDAQ: MNST): Monster Beverage, known for energy drinks, was once a penny stock and has become a major player in the market

Remember, investing in penny stocks can be risky, but these examples show that with the right catalysts and timing, substantial growth is possible! 

Are there hidden gems in today's crop of penny stocks with new technology?

We currently own shares in these Microcap companies!

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DNA RXRX IONQ QBTS OUST AEVA WONDR CHPT ADPT OPEN EDIT CRSP STEM PLUG 

Energy Storage and EV charging are burgeoning markets today, and this company is a first mover and market leader! Here's why/

 ChargePoint has established itself as a leader in the energy storage and EV charging markets for several reasons:

1. Network Size: 

   ChargePoint operates 114,000 charging points across the U.S. and Europe, making it the largest EV charging system provider globally.

2. Growing faster

   than any competitor!

3. Integrated Solutions:

   ChargePoint collaborates with Stem, an AI-driven clean energy solutions provider, to develop an integrated EV charging and battery storage solution. 

   This approach allows fast charging deployment even before utility upgrades are complete, avoiding demand charges. 
4. Battery storage also enhances grid resilience during outages.

5. Partnerships: ChargePoint has formed strategic partnerships with companies like Volvo, Starbucks, and Mercedes to expand fast charging infrastructure and support long-distance electric travel2.

6. European Market Leadership: In a report by Frost Sullivan, ChargePoint was recognized as the European electric vehicle charging market leader based on product quality, implementation excellence, and growth strategy3.

Overall, 

ChargePoint’s commitment to mass EV adoption, extensive network, and innovative solutions contribute to its leadership position in the industry

ASIA

ChargePoint, a leading provider of networked charging solutions for electric vehicles (EVs), has been expanding its presence in Asia. While the company has primarily focused on the Americas and Europe, it has also reported triple-digit growth in Asian markets. 

Additionally, ChargePoint’s software enables access to over 900,000 global charging locations, making it a significant player in the EV charging space worldwide

Growth

ChargePoint is currently in a growth phase. ChargePoint has been experiencing significant growth in its global footprint. While specific growth rates may vary, the company’s expansion efforts have been substantial.

Also, the pullback in the EV charging portion of Tesla's business, may have a significant positive impact on it's competitors and ChargePoint is the main competitor.

New Partnerships:

ChargePoint (NYSE: $CHPT), The leading provider of networked charging solutions for electric vehicles ( $EVs), and Airbnb Inc. (NASDAQ: $ABNB) have partnered to meet a growing demand in EV charging from Airbnb guests.

Stock Price

CHPT's stock price is at or near it's all time low and therefore positive news could send the price much much higher over the next 24 months!