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3 Penny Stocks with Major Growth Potential3 Penny Stocks with Major Growth Potential

Penny stocks - 3 Penny Stocks With Serious Potential to Make You a Millionaire

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Investors can choose from an endless number of companies to achieve exponential returns, but finding the right opportunities and having perfect timing is complicated. For that, there are the penny stocks, which we can invest in to pursue high returns. I saved you some research work by discovering three penny stocks with millionaire potential.

Tellurian (TELL)

Large tanker ship carrying natural gas at dusk in harbor

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Let’s kick off the list of penny stocks with great potential with the illustrious company, Tellurian (NYSE:TELL), which specializes in harnessing natural gas resources and converting them into liquefied natural gas (LNG) for commercialization in the global market. One of its major projects is the Driftwood LNG project.

Although they have seen success on the operational side, with more gas flowing, LNG prices have not been as high lately, which has resulted in a reduction in its revenues. However, this has not hindered their future growth and expansion.

As part of their strategies, they recently reached an agreement with Baker Hughes (NASDAQ:BKR) to supply essential equipment for the Driftwood LNG project. This move is pivotal to meet their schedule and get LNG flowing through that large project by 2027.

In addition, they are exploring the sale of some of their exploration and production assets to optimize and focus on their flagship project.

Pitney Bowes (PBI)

The office logo for Pitney Bowes on a glass building.

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We now turn to Pitney Bowes (NYSE:PBI), a company renowned for its extensive range of services, from shipping and mailing to offering technology and financial solutions.

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One of its recent innovations is the launch of PitneyAnalytics, a cloud-based application built on their advanced technology platform called Shipping 360.

This launch aims to provide companies with a comprehensive view of their shipping, mailing, and receiving operations, allowing them to reduce costs and make more informed decisions across their organization.

Moreover, in partnership with PackageHub, the company has unveiled a box- and label-free returns network, enabling seamless, hassle-free returns at nearly 1,000 locations across the United States.

The company is