11 Best Penny Stocks with the Highest Upside Potential

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5. Lotus Technology Inc. (NASDAQ:LOT)

Price: $1.94

Number of Hedge Fund Holders: 8

Analyst Upside Potential: 54.64%

Lotus Technology Inc. (NASDAQ:LOT) is one of the Best Penny Stocks to buy with the Highest Upside Potential. On September 5, Lotus Technology Inc. (NASDAQ:LOT) announced that Lotus Car will showcase a strong presence at IAA Mobility 2025 in Munich.

The main attraction is the German debut of their concept car, Theory 1. Management notes that this car is a depiction of the future of intelligent sports cars. Moreover, alongside Theory 1, Lotus Technology Inc. (NASDAQ:LOT) will honor Ayrton Senna with his iconic 1987 Lotus 99T F1 car. They will also present the Emira Limited edition, inspired by that famous race car; only twelve Emira Limited cars exist worldwide.

Management also noted that Theory 1 features the LOTUSWEAR system, which interacts with drivers and passengers in real time. The car uses sustainable materials and has a minimalist interior.

The company reported a 49% year-over-year decrease in deliveries for the fiscal second quarter of 2025. Analysts remain optimistic with their 12-month price target presenting a 54.64% upside from the current levels.

Lotus Technology Inc. (NASDAQ:LOT) designs, develops, manufactures, and sells luxury electric vehicles. It focuses on electrification, digitalization, and intelligent automotive technologies.

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