And the business has been built with the capital markets in mind. HIVE has been mining coins for many years at this point. This stock has an ‘A’ rating in my Portfolio Grader.įew sectors have been hotter in the past few years than blockchain and cryptocurrencies. However, earnings will quickly catch up as more next-gen reactors begin to launch. But the recent run – it’s up 147% YTD – means it’s a bit expensive. The stock has a $1.2 billion market cap and it’s profitable. doesn’t need to depend on unstable nations or competitors for uranium. This is a strategic advantage because having this resource close to home means the U.S. Bill Gates is funding a new generation reactor in Wyoming that will be up and running very soon.ĭNN is a Canadian company and is one of a handful of uranium miners in North America.
They’re also scalable, so you can power a small town with a small reactor instead of building a massive reactor and then shipping power all over the place. The new generation are smaller, safer and easier to site. The old nuclear power stations were very difficult to build and maintain. But new nuclear power stations are now coming to market. Solar and wind has been making news for a while. In the crazy energy markets we’re in, there has also been a big push to look for alternative energy sources to power utility-scale power demand. HIVE Blockchain Technologies (NASDAQ: HIVE).Because when they do, these stocks will soar … if they’re not bought out by a major competitor beforehand. These are focused stocks in hot sectors.Īnd without a lot of institutional support because of their low prices, it means there’s plenty of room to grow before the big guys take an interest. These cheap stocks do well in boom times because they’re small enough and focused enough that when they grow, they grow much faster proportionately than their larger competitors. Second, these low prices mean institutional investors aren’t holding huge positions in them. First, small-caps and mid-cap stocks are usually the best picks for strong economic growth. The price of these stocks gives us two advantages. These picks are small- and mid-cap companies that are respected names and real companies in their respective sectors. These cheap stocks are companies with market caps of $1 billion or more. But low prices don’t mean they’re tiny companies (the real definition of a penny stock). Investors’ initial reaction to stocks with prices under $10 is that they are “penny stocks” or tiny companies.
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