5 Penny Stocks That Will Make You A Millionaire

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In this article, we will discuss the 5 penny stocks that will make you a millionaire. If you want to explore similar stocks, you can check out 10 Penny Stocks That Will Make You A Millionaire.

5. Aeva Technologies, Inc. (NYSE:AEVA)

Share Price as of January 6: $1.27

Number of Hedge Fund Holders: 15

Aeva Technologies, Inc. (NYSE:AEVA) is a Silicon Valley-based technology company that creates and designs autonomous sensing solutions. The company is committed to pushing the boundaries of technology to create the most advanced and accurate sensing solutions for autonomous vehicles and industrial applications. Aeva Technologies, Inc. (NYSE:AEVA) was pitched by Luke Lango of Investorplace in the Innovation Investor newsletter. Here is what the publisher said:

“I predict the biggest gains will come from investing in the one tiny $5 tech company that could help make the Apple Car a reality! I believe this company could provide a key piece of tech the Apple Car needs to become a truly autonomous vehicle…Because it’s going to be what allows the autonomous Apple Car to SEE….Surprisingly, this tech is already being used in our iPhones…And two former Apple engineers actually left to build this company and start applying it to AVs! That’s why I believe the Silicon Valley tech firm they started is a shoe-in to become a vital Apple Car supplier.”

As of Last November, Roth Capital analyst Suji Desilva has a Buy rating and a $10 price target on Aeva Technologies, Inc. (NYSE:AEVA). As of January 6, Aeva Technologies, Inc. (NYSE:AEVA) is trading at $1.27 a share and is placed on our list of the penny stocks that can make you a millionaire.

At the close of Q3 2022, 15 hedge funds held stakes in Aeva Technologies, Inc. (NYSE:AEVA). The total value of these stakes amounted to $66.4 million. As of September 30, Sylebra Capital Management is the top shareholder in the company and has a position worth $50.68 million.

Follow Aeva Technologies Inc.

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