Personal Finance

3 Stocks That Could Make You Rich

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SunPower

Solar energy is quite literally a multi-trillion dollar market potential . And it's just starting to realize that potential, accounting for less than 1% of electricity generation globally. But the industry is starting to grow in a more sustainable (less subsidized) way and competing with fossil fuel power plants on cost. And efficiency leader SunPower (NASDAQ: SPWR) has perhaps the most potential of any solar company. It has exposure to every size of solar power generation -- from small handheld devices to the world's largest power plants -- and has a presence in nearly every country where solar energy is being installed.

Despite all of that potential, SunPower's market cap is only $2.1 billion and the stock trades at just 8.2 times forward earnings estimates. I think that's a steal for a company expecting to triple solar panel production between 2015 and 2019. SunPower is an industry leader in an industry that's growing rapidly with multi-trillions of dollars in annual revenue potential. That's a stock that could make you rich.

Fitbit

There's no question smart watches and devices are growing in popularity. Fitbit (NYSE: FIT) was an early leader, but there was concern that companies like Apple and Samsung would take market share when they entered the market. Their entrance has provided a challenge, but it hasn't proven to be a huge deterrent to Fitbit. The company is still growing rapidly and has a lot of potential ahead.

FIT Revenue (TTM) data by YCharts

Apple, in particular, has proven to be a formidable foe, but it has its weaknesses . The Apple Watch is only compatible with iOS and doesn't work well with other devices or platforms. Fitbit is operating system agnostic, meaning customers who own iPhones, Samsung phones, or even without a smartphone can use their devices.

Fitbit has also made improvements moving into smarter watches and scales as well. That movement into more devices will continue and could continue to grow the business. If Fitbit can remain popular and keep growing it could be a big winner for investors with shares trading at just 9.6 time forward earnings estimates.

A secret billion-dollar stock opportunity

The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .

Travis Hoium owns shares of Apple, PayPal Holdings, and SunPower. The Motley Fool owns shares of and recommends Apple, Intuit, and PayPal Holdings. The Motley Fool has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. The Motley Fool recommends Fitbit. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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