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Complete Solaria, Senti, and POET: 3 High Volume Penny Stocks

Penny stock stacks

Key Points

  • Complete Solaria is spiking on a debt restructuring that opens the door to renewed growth. 
  • Senti Biosciences spiked on a grant that extends line-of-sight for the cash-burning business. 
  • POET Technologies is entering a new league and could see its revenue surge over the next few years. 
  • 5 stocks we like better than Complete Solaria.

High volume can indicate market strength, but volume is relative. Thirty million in traded shares doesn’t mean much if the average daily volume is higher. However, a volume spike to thirty million is a different story.  

Volume spikes are a sign of piqued market interest, but their impact can be fleeting. Take GameStop, for example. It has seen spikes in trading volume, but they don’t last, nor the high share price they created. A sustained increase in volume is a sign of market strength that can sustain a rally. 

Penny stocks Complete Solaria NASDAQ: CSLR, Senti Biosciences NASDAQ: SNTI, and POET Technologies NASDAQ: POET show volume spikes that have their stocks up double-digits. The question is if these are knee-jerk reactions and market mechanics at work or sustainable changes in sentiment and opportunities for penny stock investors. 

Complete Solaria Volume Spikes Quadruple Digits: Hold

Complete Solaria Today

Complete Solaria, Inc. stock logo
CSLRCSLR 90-day performance
Complete Solaria
$1.54 0.00 (0.00%)
(As of 12/20/2024 05:51 PM ET)
52-Week Range
$0.20
$3.37
Price Target
$6.00

Complete Solaria is a small solar panel technology company and distributor operating in the US. The company stock has been trending upward from a recent bottom on word it would restructure its debt. The news confirming the deal sent the market up another 50% on a 7000% volume spike, suggesting a turning point has been reached. 

Analysts are optimistic about this company. Only two analysts have ratings but are buyers and see a triple-digit upside from the current levels. Among the catalysts are an expectation for 50% year-over-year growth in fiscal 2025 and the potential for profitability in 2026. 

The problem is that the company still has debt and may need help to regain traction. That and the massive spike in the share price have early investors running for the doors. The price action is up significantly but forming a bearish candle, confirming resistance at a critical technical level that will likely cap gains for the foreseeable future. Short interest is not a factor in the rally because interest was low at the last report, but it may have risen since. 

Complete Solaria CSLR stock chart

Senti Biosciences Awarded $8 Million for SENTI0-202 Study: Buy

Senti Biosciences Today

Senti Biosciences, Inc. stock logo
SNTISNTI 90-day performance
Senti Biosciences
$3.97 -0.01 (-0.25%)
(As of 12/20/2024 05:40 PM ET)
52-Week Range
$1.52
$16.94
Price Target
$10.00

Senti Biosciences is a pre-clinical biopharma focused on cell and gene therapies. Its leading candidate is SENTI-202 for malignant tumors and acute myeloid leukemia. The news causing its volume to surge is about an award of $8 to help advance its technology, which is good news because Senti has virtually no revenue. The treatment is in early Phase 1 trials and may move on to its next step in 2025. 

Senti Biosciences stock surged 100% on a 100x increase in volume and may continue higher. The market shows signs of bottoming at current levels, and the chart shows a strong entry signal. Analyst support is tepid but bullish, providing some incentive for the market. The single analyst rating under one-year-old is a Strong buy with a $6 price target or a 1000% upside from today’s price points. 

Senti Biosciences SNTI stock chart

POET Technologies is Turning a Corner: Buy

POET Technologies Today

POET Technologies Inc. stock logo
POETPOET 90-day performance
POET Technologies
$4.76 -0.05 (-1.04%)
(As of 12/20/2024 05:51 PM ET)
52-Week Range
$0.82
$5.83
Price Target
$6.25

POET Technologies is not a new company. The business has been around for decades, advancing optical technology to coincide with the AI revolution. Its optoelectronic components are the first of their kind and combine optics and electronics onto a single semiconductor wafer. They are finding new demand in the data center and AI industry, where they are lowering costs while improving scalability. Among the news driving the stock today is a collaboration with Foxconn to build high-speed AI systems. 

Shares of POET surged 140% in early April and are now up 35% to set a new intraday high. The price action shows active and growing support, which puts it on track to reclaim $3.50 soon. One analyst firm issued a rating within the last year; they rated the stock at Buy and saw it advancing more than 100% to $7.50. Assuming the company meets its expectations, its stock could easily reach that level. Two analysts forecast a 30% increase in 2025 revenue and may be underestimating the market. POET isn’t on the level of Advanced Micro Devices NASDAQ: AMD, Micron NASDAQ: MU, or NVIDIA NASDAQ: NVDA, but their DC business is booming, and POET is playing in the same market. 

POET Technologies stock chart POET

Should you invest $1,000 in Complete Solaria right now?

Before you consider Complete Solaria, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Complete Solaria wasn't on the list.

While Complete Solaria currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.9495 of 5 stars
$134.70+3.1%0.03%53.01Moderate Buy$164.15
Advanced Micro Devices (AMD)
4.9607 of 5 stars
$119.21+0.3%N/A107.40Moderate Buy$191.96
Micron Technology (MU)
4.9265 of 5 stars
$90.12+3.5%0.51%132.53Moderate Buy$135.24
POET Technologies (POETF)N/A$4.76-1.0%N/A-95.20N/AN/A
POET Technologies (POET)
1.6489 of 5 stars
$4.76-1.0%N/A-8.07Buy$6.25
Senti Biosciences (SNTI)
2.3297 of 5 stars
$3.97-0.3%N/A-0.26Buy$10.00
Complete Solaria (CSLR)
4.2133 of 5 stars
$1.54flatN/AN/ABuy$6.00
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