Don't Waste Your Money on Penny Stocks; These 3 Stocks Are Better Buys

Penny stocks -- stocks that you can grab for less than $1 per share, usually in very small companies -- are like lottery tickets for investors. They're cheap and easy to find, but they seldom result in the big payout they seem to promise. 

But don't despair. Instead of spending your nest egg on penny stocks -- or, worse, actual scratch-off tickets -- there are plenty of companies that are fairly well-established and offer better prospects for investors. While they still have some risks, three companies you might want to consider are Clean Energy Fuels (NASDAQ: CLNE), Stag Industrial (NYSE: STAG), and Upwork (NASDAQ: UPWK).

Here's why these companies might help your portfolio hit the jackpot.

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Source Fool.com