3 High-Risk, High-Reward Stocks to Add to Your Watchlist
Established companies with proven business models generally provide you predictable returns for minimal risks. Though these provide a great way to build a fortune over years, some others, often still in their nascent stages, have the potential for far more dramatic growth. These stocks could generate outsized returns, often in a shorter time span. Adding such high-risk, high-reward stocks to your portfolio could be a smart way to boost your returns. Here are three such stocks that should be on your radar as potential candidates to add to your portfolio.
The stock price of leading hydrogen fuel cell manufacturer Plug Power (NASDAQ: PLUG) has soared dramatically in the last couple of years. The reason behind investors' enthusiasm for Plug Power, and other fuel cell stocks, is the potential role of hydrogen in the world's transition toward cleaner energy sources. For example, the European Commission envisages as much as 13% to 14% of Europe's energy coming from hydrogen by 2050. Similarly, hydrogen as an energy source is getting major support in Asia, mainly in China, Japan, and Korea.
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Source Fool.com
