This year has been a promising one for the tech sector thanks to pandemic-led changes in consumer and business behavior. Most tech stocks skyrocketed with the onset of the pandemic before losing some value in the recent market sell-off. With positive news regarding the development of coronavirus vaccines there has been a market rotation out of tech stocks into other non-tech stocks. Despite growing at a decent pace, many of these stocks received little investor attention earlier…
There is a strong chance that many non-tech stocks will experience solid rebounds next year once the spread of the virus is under control with the help of the vaccines. So, betting on some affordable stocks now could be a capital idea.
Cronos Group Inc. (CRON), FuelCell Energy, Inc. (FCEL), Aphria Inc. (APHA), United Microelectronics Corporation (UMC), and Aluminum Corporation of China Limited (ACH) are five such stocks that are trading below $10 and have the ability to generate huge returns going into 2021 based on their strong revenue and earnings outlook.
Cronos Group Inc. (CRON)
Based in Toronto, Canada, CRON operates as a cannabinoid company. The Company is focused on cannabis research, technology, and product development. Its portfolio includes PEACE NATURALS, a global wellness platform, COVE and Spinach, two adult-use brands, and Lord Jones, Happy Dance and PEACE+, three hemp-derived CBD brands. The stock closed yesterday’s trading session at $8.55, gaining 56.6% over the last three months. The stock is currently trading 6.6% below its 52-week high of $9.15.
The company’s net revenue increased 96.3% year-over-year to $11.4 million for the third quarter ended September 2020. CRON’s revenue from the United States increased 142.8% year-over-year to $1.6 million. Revenue from the rest of the world increased 90.2% year-over-year to $9.7 million primarily due to the continued growth in the adult-use Canadian cannabis market and growth in the Israeli medical cannabis market.
The consensus revenue estimate of $41.59 million for the current quarter ending December 2020 indicates a 75.2% increase year-over-year. In fact, CRON’s earnings-surprise history is impressive, with the company missing the consensus estimate in just one of the trailing four quarters.
In October, CRON announced the launch of Happy Dance, which is a CBD skincare brand, co-founded with actress Kristen Bell. The company launched PEACE NATURALS, its leading medical brand, in pharmacies throughout Israel through Cronos Israel. The cannabis usage rate in Israel is among the highest in the world providing the company an excellent growth opportunity.
How does CRON stack up for the POWR Ratings?
A for Trade Grade
A for Buy & Hold Grade
A for Peer Grade
B for Industry Rank
A for Overall POWR Rating
The stock is also ranked #4 out of 27 stocks in Agriculture industry.
FuelCell Energy, Inc. (FCEL)
Based in Danbury, Connecticut, FCEL delivers fuel cell power solutions. The company manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. FCEL’s SureSource power plants are located across three continents. They generate millions of megawatts of ultra-clean power. The company offers its services to various sectors, including utility companies, municipalities, universities, government entities and a range of industrial and commercial enterprises. FCEL has gained 214.8% over the past six months to close yesterday’s trading session at $7.24.
The company’s advanced technology revenue increased 19.5% year-over-year to…
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