5 Best Penny Stocks To Invest In

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1. Borqs Technologies, Inc. (NASDAQ:BRQS)

Share Price as of June 8: $0.1718

Number of Hedge Funds Holders: 1

Borqs Technologies, Inc. (NASDAQ:BRQS) is a Chinese designer, developer, and deployment specialist of products, software, and solutions related to the Internet of Things.

On June 2, Borqs Technologies, Inc. (NASDAQ:BRQS) revealed that it has received strategic funding of $16 million to increase the footprint of its solar and energy storage business in the California market. Furthermore, Borqs Technologies, Inc. (NASDAQ:BRQS) also intends to work on the development of 5G mobile devices. The funding is provided to prepare Borqs Technologies, Inc. (NASDAQ:BRQS) to participate in power purchase agreements for multiple-unit residential solar solutions. The company has also formed a strategic partnership with the machine learning and artificial intelligence company, SkyCentrics.

Overall, 1 hedge fund held a stake in Borqs Technologies, Inc. (NASDAQ:BRQS) as of Q1 2022.

You can also take a peek at the 12 Best US Stocks to Buy Now and 10 Best ETFs for Long-Term.

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