3 Stocks Are Up 50% in 2021: Are They Buys for 2022?
Backup power generation equipment company Generac Holdings (NYSE: GNRC), aircraft and defense company Textron (NYSE: TXT), and building controls and heating, ventilation, and air conditioning (HVAC) company Johnson Controls (NYSE: JCI) are all up more than 50% in 2021. But now, the question on the mind of most investors is this: Are they are still buys for 2022? Let's take a look at all three and try to answer for each.
The backup power generation company has a very bright future. The well-documented power outages in 2021 have drawn attention to the benefits of having backup power. In addition, the COVID-19 pandemic has created a new generation of workers aiming to remain at home -- more than two-thirds of Generac's sales go to the residential market.
Meanwhile, Generac is a significant beneficiary of the clean energy transition. Unfortunately, one of the big problems with renewable energy is its variability, which means users often need to invest in battery storage. That's excellent news for Generac's energy storage and power generation equipment sales.
Source Fool.com
