Cash App is the stock trading platform of choice for many investors looking to make passive income. But did you know that it lets you invest in penny stocks?
While most people associate penny stocks with shady, low-volume OTC trades, the truth is that there are legitimate penny stocks available on Cash App that trade on the major U.S. exchanges.
In this guide, we’re breaking down everything you need to know about trading penny stocks on Cash App in 2025, including six updated stock picks, current trading conditions, and smart investing strategies.
TL;DR: Best Penny Stocks on CashApp To Buy
- Transocean Ltd. (RIG): Offshore oil drilling contractor
- iQIYI Inc. (IQ): Chinese video streaming platform
- OPKO Health (OPK): Diagnostics and pharmaceuticals company
- Lucid Group (LCID): U.S. electric vehicle manufacturer
- Grab Holdings (GRAB): Southeast Asian super app
- Nokia Corporation (NOK): Global 5G and telecom firm
- Clean Energy Fuels Corp. (CLNE): Renewable natural gas provider
- Lumen Technologies, Inc. (LUMN): Fiber broadband and enterprise telecom firm
Can You Really Buy Penny Stocks on Cash App?
Yes, but with limitations. Cash App only supports trading in stocks listed on the New York Stock Exchange (NYSE) and Nasdaq, the two largest and most regulated exchanges in the U.S.
That means you can’t buy the ultra-low-priced stocks you often hear about on forums like Reddit or see in pump-and-dump schemes.
Those typically trade on OTC (over-the-counter) markets and pink sheets, which Cash App deliberately avoids.
This limitation is actually a positive for retail investors. Stocks listed on the NYSE or Nasdaq must meet minimum listing standards, including financial disclosures and compliance with SEC regulations.
That filters out many of the riskiest penny stocks and ensures you’re dealing with companies that have passed a basic threshold of credibility.
At present time, Cash App continues to offer access to thousands of stocks, including many that trade under $5.
These include struggling former large-caps and smaller-cap growth companies that have maintained their exchange listings despite falling prices.
Best Penny Stocks on Cash App of 2025
Transocean Ltd. (RIG)
Overview
Transocean Ltd. remains a dominant force in the offshore oil drilling industry.
The company owns and operates one of the world’s largest fleets of offshore drilling rigs.
Based in Switzerland and listed on the NYSE, Transocean specializes in deepwater and ultra-deepwater operations, which are technically complex and capital-intensive.
Despite the global push toward renewable energy, offshore drilling remains vital for energy security, particularly in developing economies and regions with inaccessible oil reserves.
Growth Catalysts
Rising oil prices and increased demand from emerging markets have reignited interest in offshore drilling.
Transocean has a multibillion-dollar contract backlog with major players like Petrobras, Equinor, and Chevron, providing revenue visibility through at least 2027.
The global energy market remains volatile, but geopolitical tensions, such as conflicts affecting Middle East oil routes, often drive up demand for offshore supply.
The company also continues to modernize its fleet, enhancing efficiency and reducing downtime, which directly impacts profitability.
Risks
Transocean’s high debt load and sensitivity to crude oil prices remain key concerns.
Extended downturns in energy prices can lead to canceled contracts or renegotiated terms.
Moreover, the industry faces growing pressure from environmental groups and ESG-conscious investors, which may limit future financing and investor interest.
Regulatory changes, particularly around emissions and marine protection, could increase operational costs.
Conclusion
Transocean isn’t for the faint of heart, but it’s one of the more credible penny stocks in the energy space.
If you believe oil prices have a long-term floor and that deepwater exploration will remain essential, RIG offers a speculative opportunity with strong upside potential.
iQIYI Inc. (IQ)
Overview
iQIYI Inc., often referred to as the “Netflix of China,” is a leading online video platform.
The company provides a vast array of licensed and original content, including movies, dramas, variety shows, and anime.
Despite increased competition and regulatory headwinds in the Chinese tech sector, iQIYI maintains a strong brand and subscriber base.
Growth Catalysts
China’s expanding middle class and the continued adoption of smartphones and internet streaming have created a robust market for premium content.
iQIYI is enhancing its recommendation algorithm through AI and machine learning, helping retain users and increase engagement.
The company has also introduced ad-supported tiers and continues to monetize its content library.
Any signs of regulatory easing in the tech and media sectors could serve as a tailwind.
Risks
The biggest risks include the uncertain regulatory environment in China and geopolitical tensions that threaten the U.S. listings of Chinese companies.
Although iQIYI has made strides in reducing losses, profitability remains a concern.
A shrinking ad market and stiff competition from Tencent Video and Youku could impact future growth.
Conclusion
iQIYI is not a stock for conservative investors, but it offers growth potential for those willing to take on risk.
Its presence on the Nasdaq makes it easy to buy on Cash App, and its recognizable brand and wide content reach add to its appeal.
OPKO Health (OPK)
Overview
OPKO Health is a diversified healthcare company that develops diagnostics and pharmaceuticals.
It gained attention during the COVID-19 pandemic due to its wholly owned diagnostic arm, BioReference Laboratories.
The company continues to maintain a broad product pipeline and has key partnerships that support its pharmaceutical ambitions.
Growth Catalysts
OPKO is working on treatments for rare diseases, and its clinical trials continue to show progress.
The diagnostic business offers recurring revenue and provides a foothold in the lucrative lab testing market.
Strategic collaborations with companies like Pfizer bring additional credibility to its drug development pipeline.
Risks
OPKO has yet to reach consistent profitability, and its revenues have declined from pandemic-era highs.
The company remains exposed to fluctuations in testing demand and must successfully commercialize its pipeline to generate investor confidence.
Additionally, competition in diagnostics is fierce, and reimbursement issues could affect margins.
Conclusion
OPKO Health offers a blend of speculative biotech upside and a functional diagnostics business.
It’s suitable for investors looking to add healthcare exposure in a low-priced stock accessible via Cash App.
Lucid Group (LCID)
Overview
Lucid Group is a U.S.-based electric vehicle manufacturer focused on high-performance luxury EVs.
The company burst onto the scene with its Lucid Air sedan, lauded for its advanced battery technology and impressive range.
Lucid initially attracted massive investor interest with its ambitious production targets and claims to rival Tesla.
However, the company has since encountered delays, production issues, and rising costs, leading its stock price to dip below $5.
Despite these challenges, Lucid remains a household name among EV enthusiasts and is widely followed in investing circles, making it one of the most popular penny stocks on Cash App in 2025.
Growth Catalysts
Lucid’s Arizona-based AMP-1 factory is expected to ramp up production in late 2025, with expansion plans to introduce new models, including the Lucid Gravity SUV.
The company has secured strategic investments from the Public Investment Fund of Saudi Arabia, which continues to support its long-term vision.
Lucid is also pushing into international markets, with its delivery network expanding into the Middle East and Europe.
On the tech front, Lucid’s proprietary powertrain and in-house developed battery packs give it a significant advantage in EV efficiency.
If demand improves and production scales up effectively, the company could recover much of its lost market valuation.
Risks
Lucid continues to burn through cash at a rapid pace, with quarterly losses mounting as it struggles to reach economies of scale.
Production delays, global supply chain pressures, and growing EV competition from both startups and legacy automakers like Ford and GM further compound the challenges.
Additionally, the luxury EV segment remains niche, and high interest rates may suppress demand for premium vehicles.
Investor confidence is fragile, and any misstep in execution could lead to additional stock dilution.
Conclusion
Lucid Group remains a speculative play with a high ceiling and equally high risk.
It’s a popular name among retail investors for its innovation and potential, but significant hurdles remain before it becomes a profitable automaker.
For those willing to weather volatility, LCID offers a potentially rewarding, but very bumpy ride.
Popular Cash App Penny Stocks
Grab Holdings (GRAB)
Overview
Grab Holdings operates Southeast Asia’s leading super app, integrating ride-hailing, food delivery, digital payments, and financial services.
Headquartered in Singapore and publicly traded on the Nasdaq, Grab serves millions of users across countries like Indonesia, Malaysia, Vietnam, Thailand, and the Philippines.
Initially backed by SoftBank and other major global investors, Grab was a SPAC darling at the time of its 2021 IPO.
While the hype has since cooled, the company remains deeply embedded in Southeast Asia’s daily digital ecosystem.
Growth Catalysts
Grab has shown resilience by shifting its focus from aggressive growth to sustainable profitability.
It reported narrowing losses in early 2025 and is on track for breakeven by year-end, thanks to cost-cutting measures and increased operational efficiency.
The company’s digital wallet, GrabPay, continues to gain traction in the region, aligning with the growing adoption of cashless transactions.
Meanwhile, its fintech and loan services are expanding access to banking for the unbanked.
Grab’s super app strategy gives it strong cross-platform synergies, allowing it to generate more value from each user compared to competitors.
Risks
Grab operates in a fragmented and competitive region, facing local rivals like Gojek, along with global players such as Uber and Shopee.
Regulatory instability in Southeast Asia poses compliance risks, especially around digital finance.
Currency fluctuations, inflation, and political changes in operating markets could affect revenue.
Additionally, its valuation remains sensitive to global investor sentiment, especially as SPAC-era stocks continue to face skepticism.
Conclusion
Grab is a standout regional tech leader making smart operational shifts.
It remains a popular penny stock pick for U.S. investors using Cash App due to its Nasdaq listing and brand strength.
For those interested in Southeast Asia’s digital growth story, GRAB offers a diversified play with meaningful upside.
Nokia Corporation (NOK)
Overview
Nokia Corporation, once synonymous with mobile phones, has transformed into a global leader in telecom infrastructure.
Listed on the NYSE, the Finnish firm is deeply involved in the global deployment of 5G networks and provides networking hardware, software, and services to telecom operators worldwide.
Despite its low stock price, Nokia has remained relevant by adapting to the telecom industry’s evolving needs and continues to serve as a key supplier in major global 5G rollouts.
Growth Catalysts
The global shift to 5G technology is Nokia’s primary growth engine.
The company has signed multiyear deals with major telecom operators in Europe, North America, and Asia.
It is increasingly winning contracts in India and the Middle East, where telecom infrastructure is rapidly scaling.
Nokia is also investing in cloud-native networks and automation technology, enabling telcos to transition to more efficient operations.
Its strategic focus on high-margin enterprise solutions, particularly private 5G for industries like manufacturing and logistics, has started gaining traction in 2025.
Risks
The telecom infrastructure market is fiercely competitive, with rivals like Ericsson and Huawei dominating different regions. Price wars, margin compression, and dependency on telecom capital spending cycles can affect earnings.
Also, political tensions between Western governments and China may shift business opportunities unpredictably.
Moreover, Nokia must continuously innovate to maintain relevance in a tech-driven industry.
Conclusion
Nokia’s transformation into a modern infrastructure company makes it an undervalued but resilient player.
Its consistent role in global 5G deployment, along with strong brand recognition and a solid balance sheet, supports its inclusion as one of the most popular penny stocks available on Cash App in 2025.
For patient investors looking at long-term trends in connectivity, NOK presents an intriguing opportunity.
Clean Energy Fuels Corp. (CLNE)
Overview
Clean Energy Fuels Corp is a U.S.-based company specializing in renewable natural gas (RNG) and compressed natural gas (CNG) for vehicle fleets. 
Founded in California and listed on the Nasdaq, CLNE serves major transportation and logistics clients seeking cleaner fuel alternatives.
Its focus on RNG positions it at the intersection of energy transition and sustainable infrastructure, making it a strong potential play despite sitting below $5.
Growth Catalysts
There’s growing demand for RNG as government incentives and corporate ESG goals accelerate adoption.
Clean Energy Fuels continues to expand fueling stations across North America, including partnerships with transit agencies and large fleet operators.
In mid-2025, the company announced new supply agreements with major transit agencies in California and Texas, boosting its recurring revenue visibility.
Additionally, the IRA (Inflation Reduction Act) credits for RNG production support margins. The rise in biofuel mandates across states also bodes well for expanded operations.
Risks
Despite its promise, CLNE remains unprofitable and trades under $5 in part due to operational losses and capital intensity.
RNG infrastructure requires significant upfront investment in fueling stations and pipelines. Regulatory or subsidy changes could impact profitability.
Fluctuating natural gas prices and competition from other clean fuel providers may also compress margins.
Finally, RNG capacity constraints or logistical challenges could delay growth.
Conclusion
Clean Energy Fuels stands out as a mission-driven company in the clean transport sector.
It offers speculative exposure to the transition toward alternative fuels.
As a Nasdaq-listed name under $5, CLNE is accessible via Cash App and may appeal to retail investors looking for sustainable energy plays.
That said, investors should prepare for volatility and long-term operational scaling risks.
Lumen Technologies, Inc. (LUMN)
Overview
Lumen Technologies, formerly known as CenturyLink, is a telecommunications company that provides internet, voice, and IT services to businesses and consumers across the U.S.
The company operates a large-scale fiber optic network and offers a mix of legacy copper-line services and modern enterprise solutions.
Listed on the NYSE, Lumen currently remains under the $5 mark.
Despite declining revenues in legacy segments, the firm is refocusing on fiber broadband and edge computing technologies.
Growth Catalysts
Lumen’s turnaround strategy centers around two key areas: expanding its fiber-to-the-home (FTTH) footprint and strengthening its enterprise-grade digital services.
In early 2025, the company announced new capital investments to deploy fiber in high-density urban areas, especially underserved regions in the Midwest and South.
It has also been rolling out new high-speed internet bundles that leverage both fiber and fixed wireless access, aimed at reclaiming market share from cable competitors.
On the enterprise side, Lumen continues to develop its “Platform for Amazing Things” suite, offering cybersecurity, hybrid cloud, and edge computing solutions.
Partnerships with cloud providers and government contracts have given it a strategic edge.
Recent M&A rumors also suggest Lumen may be an acquisition target, given its undervalued assets and infrastructure footprint.
Risks
Lumen remains highly leveraged with nearly $18 billion in long-term debt, raising concerns about its ability to fund ongoing infrastructure upgrades.
The declining subscriber base in voice and legacy DSL services continues to weigh on total revenue.
Increased competition from 5G and cable operators is fierce, and any misstep in fiber deployment could derail the recovery plan.
Credit rating downgrades in early 2025 have also spooked some institutional investors.
Conclusion
Lumen Technologies is a deeply discounted infrastructure play that offers both risk and potential reward.
For investors with a long-term horizon and tolerance for volatility, LUMN could offer upside if its fiber and digital platform strategy succeeds.
It’s a rare under-$5 telecom stock with tangible assets and strategic optionality, available today on Cash App.
How to Find Penny Stocks on Cash App
Cash App doesn’t let you search stocks by price, so you’ll need to do some homework first.
Start by researching stocks on financial websites like Yahoo Finance, Google Finance, or MarketBeat.
Look for companies trading under $5 on the Nasdaq or NYSE. Once you have a list of tickers, type them into Cash App’s search bar.
If they’re listed and available, they’ll appear. You can add them to your watchlist or buy instantly.
Cash App also doesn’t offer advanced screeners, so it’s smart to use third-party tools to filter by price, sector, and volume.
You can’t sort by “penny stocks” within the app, but you can build a personal watchlist to track your top picks.
What Qualifies as a Penny Stock on Cash App?
The SEC defines a penny stock as any equity trading under $5. However, Cash App doesn’t use this label in its user interface.
Instead, it filters out risky or unsupported stocks, usually those under $1, with low market caps or that trade on OTC markets.
Still, some penny stocks trading on the NYSE or Nasdaq remain accessible.
These companies may be going through a rough patch or operating in highly volatile industries, which has driven their stock price down.
But as long as they remain compliant with exchange listing rules, you can buy and sell them directly through Cash App.
How to Avoid Risks and Other Cash App Investing Tips
Investing on Cash App should be approached with the same caution as any other platform. Here are some tips to mitigate risks:
- Only Invest What You Can Afford to Lose: Given the high volatility of penny stocks, only use funds that you can afford to lose without significant financial hardship.
- Diversifying Your Portfolio: Spread your capital investment across different sectors and asset types to manage risk better.
- Stay Informed: Keep up with the latest news and developments about the securities you own, and conduct thorough research. This will help you make informed decisions.
- Consider Market Cap: Evaluate the market cap of the stocks you’re investing in to understand the size and stability of the companies. Larger market capitalization often indicates more established companies, which may carry lower risks compared to smaller-cap stocks.
- Set Limits: Use stop-loss orders and other risk management tools to protect your investments.
- Monitor Your Investments: Regularly check the performance of your companies. Adjust your strategy as needed to optimize your chances for success.
By following these guidelines, you can better navigate the risks associated with trading penny stocks on the Cash App platform and make more informed investment decisions.
Final Thoughts
Cash App investing offers a simple and straightforward way to execute trades for penny stocks.
While other platforms might provide a broader selection of publicly traded companies, Cash App has carved out a niche for itself in the market.
On Cash App, your choices are limited to exchange-listed names. That actually works in your favor by filtering out the riskiest OTC scams.
Trading penny stocks on Cash App can be an exciting opportunity, but it’s crucial to remember the significant risks involved.
Anyone trading a penny stock should perform thorough due diligence and exercise caution. Penny stocks are inherently volatile and can lead to substantial losses if not handled carefully.
It’s important to note that stocks available on the app are not guaranteed winners simply because they are listed on the platform.
However, Cash App could feature some of the best cheap stocks available, making it worth exploring for those interested in penny stock trading.
Frequently Asked Questions
How Do I Find a List of Penny Stocks Sold on Cash App?
If you want to find a penny stock sold on Cash App, you’ll need to research company lists outside the app.
Unfortunately, you cannot sort by penny stocks on the app, which means you’ll have to know the companies ahead of time to look them up.
Once you find a company worth investing in, you can locate it in the investing tab.
Unfortunately, the app does not typically broker penny stocks that trade for less than 10 cents per share.
Some Cash App stocks may be traded for a short while if you bought them above the ten-cent mark, but probably not for long.
However, these kinds of penny stocks are available through other platforms or brokers.
Can You Make Money With Stocks on Cash App?
You can make money investing in stocks on Cash App. However, it’s important to note that investing in a penny stock carries high risks. These stocks are highly speculative and can be very volatile.
To mitigate risk, consider investing in a diverse range of companies in different sectors, stay informed about the companies you’ve invested in, and use stop-loss orders to minimize losses.
What Are the Fees for Buying a Penny Stock on Cash App?
Cash App does not charge any fees for buying or selling shares, including penny stocks. However, there may be regulatory fees or taxes that apply to your transactions.
Always check the latest fee schedules and understand any potential costs before making stock trades.
Does Cash App Have NASDAQ Stocks?
Yes, Cash App allows you to trade stocks listed on NASDAQ as well as the NYSE. These major exchanges have stringent reporting requirements, which can reduce risks compared to over-the-counter (OTC) stocks.
Can I Buy Penny Stocks Under $1 on Cash App?
While not outside the realm of possibility, it’s unlikely that you’ll find penny stocks under $1 on Cash App.
The app screens out the lowest value stocks on Nasdaq and the NYSE, even listing on its site that it excludes penny stocks from those available.
Are There Fees for Buying Penny Stocks on Cash App?
Cash App does not charge commission fees, whether you’re buying stocks or ETFs. There are also no minimum balance requirements.
Keep in mind you may experience fees from government agencies, but Cash App does a good job of disclosing these.
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