9 Hot Stocks to Buy Across 3 Scorching Megatrends
In solar, I like SunPower (NASDAQ:SPWR) for its unmatched leadership in the premium solar installation category, Maxeon Solar (NASDAQ:MAXN) for its strong technical expertise in manufacturing the world’s best solar panels and SolarEdge (NASDAQ:SEDG) for its dominance in the increasingly important solar optimizers and inverters market.
For hydrogen, I like Plug Power (NASDAQ:PLUG) as the Hydrogen Economy leader building on its early dominance in supplying hydrogen fuel cells to the materials handling market, Bloom Energy (NYSE:BE) for its ability to leverage fuel cells to help businesses generate sustainable and cost-effective off-grid power, and Ballard Power (NASDAQ:BLDP) because the company is emerging as a mini-Plug Power of sorts in the transportation market (providing fuel cells into transit end-markets).
Finally, in cannabis, I’m most bullish on Canopy Growth (NASDAQ:CGC) because of its multi-billion-dollar cash balance that gives it unmatched firepower to invest in the emerging marijuana industry, GrowGeneration (NASDAQ:GRWG) because this small retailer is rapidly turning into the “Home Depot of Cannabis” and WM Holdings (NASDAQ:SSPK) for its Weedmaps platform that is already established as the “Google of Marijuana.”
These nine stocks represent the highest-quality, biggest-upside plays on the solar, hydrogen and cannabis megatrends.
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