HomeMarket News Unveiling Potential: 3 Hidden Gems to Boost Your Investment Portfolio The $1K to...

Unveiling Potential: 3 Hidden Gems to Boost Your Investment Portfolio The $1K to $10K Formula: 3 Stocks to Supercharge Your Returns in 10 Years

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Navigating the stock market proves a daunting task. In a world where stocks soar with exuberance, it’s easy to fall into the trap of FOMO, missing out on hidden gems that could potentially amplify your returns. However, certain stocks lurk beneath the surface, waiting to be discovered by astute investors seeking to supercharge their portfolios.

Blade Air Mobility (BLDE)

A city skyline from the point of view of a man driving a flying car; best flying car stocks

Source: Shutterstock

Fantasizing about movie-style car rides? Keep an eye on Blade Air Mobility (NASDAQ:BLDE). The company provides cost-effective air vehicle access to healthcare facilities and hospitals. Presently, their fleet includes helicopters, seaplanes, and jet charters.

Blade Air is pioneering an Electric Vertical Aircraft (EVA) anticipated for delivery in 2024. This innovative technology enables economical, noise-reduced, and emission-free travel across congested ground routes. The future appears bright for transforming point-to-point and emission-free flights in cities worldwide.

In FY’23, Blade Air’s revenue surged by 54.1% YOY, soaring from $146 million to $225.18 million. Adjusted EBITDA rose by $10.8 million. Despite these commendable numbers, the company faces challenges in achieving sustained profitability, attributable to its nascent stage of development. It’s a stock poised to propel returns.

CEO Rob Wiesenthal optimistically projects growth in 2024, anticipating positive Adjusted EBITDA by Year-Ending December 31, 2024, and double-digit figures in 2025. The company has expanded its fleet of medical vehicles and magnified its Medical segment, maintaining its focus on bolstering margins in the upcoming years.

With such promising prospects, BLDE emerges as a contender among stocks capable of turbocharging returns in the long haul.

Tilray Brands (TLRY)

An image of different forms of medical marijuana

Source: Bukhta Yurii/Shutterstock

Standing tall as one of Canada’s leading cannabis enterprises, Tilray Brands (NASDAQ:TLRY) steers the forefront of global cannabis medical exploration.

Alongside medical cannabis, the company delves into producing wellness provisions, hemp-based fare, and beverages, enriching its diversified portfolio. Tilray Brands emerges as a prime beneficiary of the cannabis legalization wave surging in the German personal consumption sector, opening doors to a lucrative $45 billion market.

During Q2’24, Tilray showcased an exceptional 34% YOY surge in overall net revenue. Boasting amplified net revenue in Canada, the company now reigns as the country’s premier cannabis entity concerning sales volume and market dominance. International markets witness Tilray’s prowess as well, witnessing a robust 55% revenue uptick.

With Biden’s push for progressive marijuana regulations, epitomized by his recent remark in the State of The Union address, a new era emerges that propels Tilray towards unprecedented growth. Brace yourself, for this is a stock capable of igniting exponential returns.

First Solar (FSLR)

First Solar: Illuminating Potential in the Green Revolution

The Sparkling Future of First Solar

Solar panels on rooftops in California, an increasingly common sight, solar stocks

Source: Simone Hogan / Shutterstock.com

This Wall Street staple rides the wave of the green revolution, basking in the glow of success. First Solar (NASDAQ:FSLR), a purveyor of Cadmium telluride (CdTe) solar modules, dances to the tune of converting sunlight into electricity. With clean energy projects sanctioned by the present government, this solar virtuoso sees a bright future.

A recent move to offload up to $700 million worth of 2023 IRA tax credits to Fiserv is expected to inject a dose of fiscal vigor into the company’s coffers.

Buoyed by the green undercurrent championed by the Biden administration, First Solar emerges as a leading candidate for future accolades. Its capacity to cater to discerning solar power providers and utility behemoths eyeing expansion paints it as a prime contender for fortifying your investment portfolio in the foreseeable horizon.

Looking beyond the political narratives, the company’s financial saga reads like a fabled epic. The tale of 2023 unveils net sales cresting at $3.3 billion, propelled by surging module volumes and steadfast average selling prices. The narrative pivots dramatically on bottom-line figures, with diluted net loss of 41 cents per share in 2022 blossoming into a $7.74 net gain in 2023.

Fueled by robust financial metrics and an imminent catalyst, the trajectory of FSLR seems set to illuminate the investment realm, possibly emerging as a phoenix that soars, potentially elevating your gains tenfold in a decade. It is indeed one of those rare stocks that promise to turbocharge your returns.

On the publishing date, Rick Orford held no positions (either direct or indirect) in the securities discussed. The views expressed in this article belong to the author and adhere to InvestorPlace.com Publishing Guidelines.

Rick Orford, a luminary of Wall Street, boasts a remarkable string of accolades as a best-selling author, investor, influencer, and mentor. His wisdom has graced prestigious platforms such as Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.

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