3 Beaten-Down SPACs With Game-Changing Technology
After being all the rage in 2020 and the early part of this year, growth stocks, especially initial public offerings and special-purpose acquisition companies (SPACs), have fallen out of favor. It's not totally without merit; after all, the number of SPACs more than quadrupled in 2020 over 2019, and the number of IPOs more than doubled. Not only that, but 2021 has also already exceeded 2020's frenzy, and we're only in May.
That much activity is bound to come with a lot of speculation, bad actors, and subpar companies. But that doesn't mean all IPOs and SPACs are bad companies, or even overpriced. In fact, some SPACs brought some truly exciting companies to market. Sure, investing in an early-stage company is risky, but if a company with breakthrough technology catches on, the upside can be immense.
That's why investors should get to know Ouster (NYSE: OUST), Desktop Metal (NYSE: DM), and Romeo Power (NYSE: RMO), which have the potential to transform the LiDAR, 3D printing, and electric-vehicle industries -- industries that themselves are destined for red-hot growth.
Source Fool.com
