3 Penny Stocks to Watch Now, 5/5/26

CNS Pharmaceuticals (CNSP), Elong Power Holding (ELPW), and Skycorp Solar Group (PN) are the three penny stocks to watch on May 5, according to TipRanks’ Penny Stock Screener tool.

Penny stocks refer to low-priced shares, typically under $5 apiece, and are usually issued by companies whose market capitalizations hover around $300 million.

The three stocks highlighted in this article were selected for having the largest dollar volumes at the close on Monday, May 4. This means that they had the highest overall dollar value of shares traded, calculated by multiplying the number of shares exchanged by the stock’s market price.

• CNS Pharmaceuticals (CNSP): CNS is a Texas-based pharmaceutical company that develops medication to treat cancers that affect the brain and the central nervous system. The company’s lead drug candidate is Berubicin. On May 4, CNSP shares ballooned by about 239% to $7.84 per share, returning a dollar trading volume of $654.99 million. This came after the company announced an oversubscribed $22.5 million private placement, with plans to use the funds to fuel its corporate strategy and capture opportunities in the biotech market.
• Elong Power Holding (ELPW): Elong Power is a Chinese lithium-ion battery manufacturer focused on developing products deployed in electric vehicles, construction machinery, and energy storage systems, among others. On May 4, ELPW shares skyrocketed by roughly 66% to $7.33 per share, generating a dollar trading volume of $275.37 million. This comes as the company is reportedly set to release 3.84 million Class A and over 361,000 Class B ordinary shares following their lock-up period.
• Skycorp Solar Group (PN): Skycorp is also a Chinese company, but it focuses on manufacturing solar-related products such as cables, connectors, energy storage systems, inverters, batteries, and AC modules. On May 4, PN hit a dollar volume of $271.98 million after its shares jumped by about 89%. Skycorp’s shares have been rallying after the company announced plans to acquire the remaining 56% stake in Nanjing Cesun Power in a $20.19 million deal, making it the sole owner of the photovoltaic cable manufacturer. The company also made a $3.0 million private placement share offering.

More about TipRanks’ Penny Stock Screener

Analysts looking to stay up-to-date with penny stocks can rely on TipRanks’ Penny Stock Screener tool, which makes it possible for investors to check out the thousands of penny stocks traded daily in the U.S. using filters such as sector, price target upside, Smart Score, analyst consensus, dollar volume, and price change.