3 EV Stocks That Could 10X by 2026
For investors who are bold and contrarian, making a 1,000% gain on a stock over several years isn’t as hard as it may sound. That’s particularly true regarding out-of-favor electric vehicle (EV) stocks and renewable energy stocks, since those relatively new sectors are rapidly evolving and expanding. Although I haven’t made a 1,000% profit with an EV stock yet, I did with one renewable-energy stock and came relatively close to doing so with another. In late 2019, I bought Plug Power (NASDAQ: PLUG ) stock when it was around $3 per share and sold a portion of my shares when the price was about $40 in 2021. With JinkoSolar (NYSE: JKS ), I thought of buying some shares around $7.50 during the December 2018 bloodbath, but I decided not to do so. I did wind up buying a small amount of JKS stock around $13 later that month and sold a portion of my stake in November 2020 at around $75. And of course, in the EV sector itself, many investors increased their money tenfold or more by betting on Tesla (NASDAQ: TSLA ) during its long climb.
3 EV Stocks That Could 10X by 2026
For investors who are bold and contrarian, making a 1,000% gain on a stock over several years isn’t as hard as it may sound. That’s particularly true regarding out-of-favor electric vehicle (EV) stocks and renewable energy stocks, since those relatively new sectors are rapidly evolving and expanding. Although I haven’t made a 1,000% profit with an EV stock yet, I did with one renewable-energy stock and came relatively close to doing so with another. In late 2019, I bought Plug Power (NASDAQ: PLUG ) stock when it was around $3 per share and sold a portion of my shares when the price was about $40 in 2021. With JinkoSolar (NYSE: JKS ), I thought of buying some shares around $7.50 during the December 2018 bloodbath, but I decided not to do so. I did wind up buying a small amount of JKS stock around $13 later that month and sold a portion of my stake in November 2020 at around $75. And of course, in the EV sector itself, many investors increased their money tenfold or more by betting on Tesla (NASDAQ: TSLA ) during its long climb.