Updated from 6:59 a.m. EDT
Every investor's dream is to find a stock that could rise three-fold or more and get long the name before it happens. Of course, we all know that finding these explosive stocks isn't always an easy task. It takes a great deal of research to find the right stock in the right industry that is growing fast and has the potential to make such a large move.
One sector that I believe is ripe with three-fold potential gainers is the solar complex. Worldwide, the solar space is expected to grow by 25% every year for the foreseeable future. Some analysts think that solar power could account for 10% of the electricity generated in the U.S. by 2025.
The growth in the solar sector is still in the early innings of what should be a very long game. Investors who find the gems in this sector have the potential to be awarded with large gains.Recently, we wrote about five solar stocks with great potential to make investors a lot of money, including Trina Solar (TSL - Get Report) and Canadian Solar (CSIQ). This week we're focusing on five more solar stocks, which we think have the potential to triple in the next couple of years. For the rest of the story, and for five solar stocks that could go up three-fold by 2010, please click here.
A note from James Altucher: Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap. Here are some examples:
- Stocks related to drilling the Marcellus Shale
- MLPS with yields above 7%
- Microcaps trading for less than tangible book
- Stocks that do well after Hurricanes