3 Canadian Stocks That Could be Huge Winners in the Next Decade and Beyond

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Whether we like it or not, investing in a startup company requires patience and fortitude. But let me introduce you to three Canadian stocks that might be worth the payoff in the end.

Here we go.

Ballard Power: The Future of Transportation

Ballard Power Systems Inc. (TSX:BLDP)(NASDAQ:BLDP) is a leading global provider of innovative clean energy and fuel cell solutions. These fuel cells have been powering buses, trucks, and even trains. They have been reliable, powerful and clean. With the world racing toward zero emissions, Ballard fuel cells have never been more in demand.

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In Ballard’s most recent quarter, the order book grew 38% to nearly $100 million. This was driven by increased activity in Europe’s truck and bus markets. While Ballard is yet to post any earnings and is burning through cash, momentum is building. For example, the US is providing new funding to bus operators to support the deployment of zero-emission buses.

With $1.1 billion in cash on its balance sheet, Ballard is in a good position to finance its growth. According to the CEO, the next few years will see massive growth as the fuel cell initiative continues to gain traction globally. Ballard will invest in expanding production to meet this demand, while lowering its cost structure as economies of scale are achieved.

Blackberry: The Canadian Tech Stock to Own

Weather Blackberry (TSX:BB)(NYSE:BB) has yet to achieve consistent revenue growth, it also has a quality product offering that is changing the world. In fact, it is one of Canada’s top tech stocks. His experience in the cybersecurity industry is second to none. On top of this, Blackberry’s experience and leadership position in the connected car industry is leaps and bounds. All of this makes Blackberry one of the top Canadian stocks.

Let’s take a look at the connected car industry. Blackberry QNX is driving the integrated car revolution and currently has a 26% market share in the mainstream car market. This market is expected to experience a compound annual growth rate of 8% to 10% through 2026, and this does not include the huge growth expected from its partnership with Google, IVY.

IVY will unlock new markets and products. For example, it will enable advanced driver assistance technologies. It will also enable the cockpit domain controller, which is the integration of a computer with the car. It will increase the level of customization for the consumer and lead to better performance. These areas are growing at 29% and 40% respectively. Blackberry is targeting design wins for its IVY platform in 2023.

Although Blackberry has seen its shares decimated, this does not take away from the great opportunity it has in the future.

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Canopy Growth stock: a Canadian cannabis stock with a leading position

Cannabis stocks, once all the rage, don’t even seem like an afterthought today. This is a hard lesson in market psychology. The frenzy that sent cannabis stocks into the stratosphere a couple of years ago was just that, a frenzy. But today, cannabis companies like Canopy Growth Corp. (TSX:WEED)(NASDAQ:CGC) are doing better than then. However, share prices are much lower. Canopy Growth shares are down 94% from their 2018 highs. Yes, it has been wiped.

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But Canopy Growth shares should never have traded at those levels in the first place. It was a concept, an idea. In fact, there was nothing to value him for except for hopes and dreams. It was investor enthusiasm and herd mentality at its finest.

Today, with shares of Canopy Growth trading below $5, I’m interested. Some market experts estimate that the cannabis market will reach more than US$80 billion by 2027. This translates to a compound annual growth rate (CAGR) of more than 24%.

The cannabis market has definitely moved on. For example, cannabis is increasingly used to treat anxiety, gastrointestinal disorders, seizures, and epilepsy. Additionally, in the US, legislation to legalize cannabis at the federal level is moving forward.

In Canada, Canopy Growth holds the number one position in terms of market share in premium products. Likewise, progress is being made in targeting and streamlining the business. In the most recent quarter, Canopy demonstrated stable revenue and market share performance, as well as improved cash margins.

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