Innovative Eyewear, Nuvve Holding, and Hyperscale Data are the 3 Penny Stocks to watch on January 8, 2026, based on TipRanks’ Penny Stock Screener tool. These stocks are usually priced at $5 or below and typically belong to companies with a market capitalization under $300 million.
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The Penny Stock Screener allows investors to identify stocks by applying a variety of filters, including Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
We leveraged the tool to identify the top three penny stocks with the highest Dollar Volume as of market close on January 7, 2026. Dollar Volume refers to the total value of shares traded in a day, calculated by multiplying the number of shares traded by the stock’s price.
Innovative Eyewear (LUCY) – Innovative Eyewear develops and sells smart eyeglasses and sunglasses primarily in North America. On January 7, LUCY had a Dollar Volume of $302.29 million, while its stock price rocketed by more than 47%.
Innovative Eyewear reported impressive preliminary results for the fiscal fourth quarter. Sales jumped 45% year-over-year to about $1 million. Also, full-year 2025 preliminary sales reached approximately $2.7 million, up 65% year-over-year from $1.6 million in 2024. CEO Harrison Gross stated that the results show more people know the brand and want eyewear that combines smart tech, vision correction, protection, and easy AI platform use.
Nuvve Holding (NVVE) – Nuvve Holding develops vehicle-to-grid (V2G) technology. Yesterday, NVVE stock had a Dollar Volume of $286.33 million, accompanied by a stock price surge of 59.5%.
Nuvve’s Japanese subsidiary, Nuvve Japan, secured rights to build and run a large battery storage system in Gifu Prefecture. The setup will produce 2MW of power and store 8MWh (lasting 4 hours), starting operations in November 2026. This deal boosts Nuvve Japan’s total contracted capacity to 6MW, marking a major step in its Japanese expansion and aligns with Nuvve Holding’s focus on battery energy storage and grid solutions beyond EVs.
Hyperscale Data (GPUS) – Hyperscale Data operates as a diversified holding company focused on data centers, Bitcoin mining, and AI infrastructure. The company manages facilities like its large Michigan campus for high-performance computing (HPC) and GPU services. On Wednesday, GPUS had a Dollar Volume of $138.19 million, while its stock price rallied by 41%.
Hyperscale Data announced that it had total assets of about $369 million, or $1.14 per share of Class A stock as of December 31, 2024. Net assets stood at roughly $168 million, or $0.50 per share, while cash and Bitcoin holdings totaled around $91 million, a major chunk of its assets.
To find more penny stocks like these, you can take a look at TipRanks’ Penny Stock Screener tool. It shows a list of all penny stocks, their price movement, and other vital data.