1. Blink Charging Co. (NASDAQ:BLNK)
Number of Hedge Fund Holders: 7
Blink Charging Co. (NASDAQ:BLNK) is a leading global provider of electric vehicle (EV) charging equipment, technology, and services. Blink Charging Co. (NASDAQ:BLNK) has a strong market position with a large installed base of EV charging stations and a growing network of EV charging locations. The company is well-positioned to benefit from the continued growth of the EV market. The stock is one of the stocks that have the potential to double by 2023.
2. Lithium Americas Corp. (NYSE:LAC)
Number of Hedge Fund Holders: 9
Lithium Americas Corp. (NYSE:LAC) is a Canadian mining company with a primary focus on the development and commercialization of lithium deposits. The company has two world-class lithium deposits, the Cauchari-Olaroz in Argentina and the Thacker Pass in Nevada. The global demand for lithium is expected to increase significantly over the next decade as the world transitions to a low-carbon economy. Lithium is a key ingredient in electric vehicle batteries and is also used in a variety of other applications such as energy storage, consumer electronics, and Industrial applications. Lithium Americas Corp. (NYSE:LAC) is ideally positioned to benefit from the expected growth in demand for lithium and is ranked among the stocks that will double by 2023. The stock has returned 30% to investors over the past six months, as of November 8.
3. The Lovesac Company (NASDAQ:LOVE)
Number of Hedge Fund Holders: 13
The Lovesac Company (NASDAQ:LOVE) is a unique furniture company that offers a variety of stylish and comfortable furniture products. The company's furniture is made from high-quality durable materials. The Lovesac Company (NASDAQ:LOVE) has a strong brand image and is well-positioned to continue growing its business. The stock is currently trading cheaply relative to earnings, at a PE multiple of 8x as of November 8, and is presenting an attractive buying opportunity for investors.
4. Riot Blockchain, Inc (NASDAQ:RIOT)
Number of Hedge Fund Holders: 13
Riot Blockchain, Inc (NASDAQ:RIOT) is a leading Bitcoin mining and blockchain technology company. Riot Blockchain, Inc (NASDAQ:RIOT) has a significant investment in Bitcoin mining hardware and has a strategic partnership with Bitmain, one of the largest Bitcoin mining hardware manufacturers in the world. Riot Blockchain, Inc (NASDAQ:RIOT) is well-positioned to benefit from the growth of the Bitcoin and blockchain industries and is ranked among the stocks that will double by 2023. As of November 9, the company has a market capitalization of $872.3 million.
5. AppHarvest, Inc. (NASDAQ:APPH)
Number of Hedge Fund Holders: 16
AppHarvest, Inc. (NASDAQ:APPH) is a vertically integrated indoor farming company that enables year-round production of fresh, flavorful, and healthy food. The company's technology and infrastructure can be used to grow a variety of crops, including tomatoes, cucumbers, peppers, and leafy greens. The stock is ranked among the stocks that will double by 2023.
6. Solid Power, Inc. (NASDAQ:SLDP)
Number of Hedge Fund Holders: 17
Solid Power, Inc. (NASDAQ:SLDP) is a leading manufacturer of all-solid-state battery cells and solid electrolyte materials that are used in battery-electric vehicles. With the global market for electric vehicles expected to grow rapidly in the coming years, Solid Power, Inc. (NASDAQ:SLDP) is well-positioned to capture a significant share of the market.
7. EXACT Sciences Corporation (NASDAQ:EXAS)
Number of Hedge Fund Holders: 28
Exact Sciences Corporation (NASDAQ:EXAS) is a leading global provider of cancer screening and diagnostic test products. On November 3, EXACT Sciences Corporation (NASDAQ:EXAS) announced earnings for the fiscal third quarter of 2022 in which it outperformed EPS estimates by $0.31. The company generated a revenue of $523 million, up 14.6% year over year, and beat expectations by $19.95 million. Exact Sciences Corporation (NASDAQ:EXAS) is ranked high among the stocks that will double by 2023.
8. Transocean Ltd (NYSE:RIG)
Number of Hedge Fund Holders: 28
Transocean Ltd (NYSE:RIG) is one of the world's leading and largest offshore drilling contractors. The company has a strong market position and a well-diversified customer base that includes major oil and gas companies. Transocean Ltd (NYSE:RIG) is well-positioned to benefit from the continued growth in demand for offshore drilling services and is ranked among the top stocks that will double in 2023.
9. Ginkgo Bioworks Holdings Inc (NYSE:DNA)
Number of Hedge Fund Holders: 29
Ginkgo Bioworks Holdings Inc (NYSE:DNA) is a leading player in the synthetic biology space with a strong focus on engineering microbes for various industrial applications. The company has a strong IP portfolio, a robust technology platform, and a strong team of scientists and engineers. Ginkgo Bioworks Holdings Inc (NYSE:DNA) is well-positioned to capitalize on the growing demand for synthetic biology solutions across a range of industries including food and beverage, pharmaceuticals, cosmetics, and agriculture and is ranked among the stocks that will double in 2023.
10. Zscaler, Inc. (NASDAQ:ZS)
Number of Hedge Fund Holders: 40
Zscaler, Inc. (NASDAQ:ZS) is a cloud-based security company that offers a suite of security products, including a next-generation firewall, web security, and sandboxing. The company has a strong customer base, including many Fortune 500 companies, and is growing rapidly. Zscaler, Inc. (NASDAQ:ZS) is well-positioned to benefit from the growing trend of companies moving to the cloud. The company is also expanding its product offerings, which should drive further growth. Zscaler, Inc. (NASDAQ:ZS) is ranked high among the stocks that will double in 2023.
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