Investors have a variety of options regarding tech stocks. From tech powerhouses to more unknown, emerging stocks in the industry, the tech industry is constantly hosting stocks with ample potential.
Well-known tech stocks like Intel (INTC), PayPal (PYPL) and Twitter (TWTR) have significant coverage and analysis in the stock niche, so enterprising investors are on the hunt for lesser-known stocks with the potential for an impressive return on investment.
In addition to investing in some better-known tech stocks, investors can diversify their portfolio with some tech stocks that are a bit outside the mainstream, including these five stocks.
First Solar, Inc. (NASDAQ: FSLR)
Solar power is becoming cheaper than ever, with new lows frequently being set. The solar market seems likely to continue growing in the coming years. Consequently, it’s worth keeping an eye on stocks like First Solar, Inc., with a growth of 150 percent over the past year.
The company’s decision to start manufacturing Series 6 PV modules seems likely to lift the stock even further, with the modules providing more watts per lift than crystalline silicon solar panels. First Solar plans to expand their image in building the biggest solar factory in the Western hemisphere.
Additionally, competition like SolarEdge (NASDAQ: SEDG) have differentiating solo products. Combine zero debt with competitors seeking to expand the industry, rather than take down competition, and FSLR is promising.
iRobot Corporation (NASDAQ: IRBT)
Now seems like a good time for investors to consider purchasing stocks in iRobot Corporation. The robot makers’ stock did fall following the last earnings report, which presents a great buy-low opportunity. Artificial intelligence continues to grow in sophistication and accessibility, with robots even starting to deliver items within hotels.
AI’s increasing sophistication is creating an opportunity for investors. The continuing embrace of automation, in response to manual labor becoming more expensive, is also something for investors to monitor. iRobot Corporation and other robot makers have a promising outlook for 2018. iRobot Corporation stands out particularly for its buy-low potential.
DXC Technology (NYSE: DXC)
End-to-end IT services and solutions company DXC Technology is in the thick of emerging reliance on analytics and cloud solutions, such as computing, applications, security and more. Current projections for DXC anticipates full-year earnings growth to reach 153.6 percent. DXC anticipates improving its bottom line at a 10.5 percent annualized rate throughout the next three to five years. As an increasingly central figure in cloud-based solutions, DXC Technology presents another lucrative investment opportunity that’s stable with some upside.
Fortune Brands Home & Security, Inc. (NYSE: FBHS)
Recent events, like shootings in Parkland, Fla., and at the YouTube corporate campus, are putting people on edge regarding their safety in public spaces. Security companies look to benefit from this feeling of increasing need for security in society.
Although Fortune Brands Home & Security Inc. has been trending downward since February, the stock has seen recent growth, and the company’s reliable standing in the security industry presents a buy-low opportunity. The company’s Master Lock® and Sentry®Safe brands have brand recognition, with the potential poise to attract ample attention as society becomes increasingly on edge.
Finisar Corporation (NASDAQ: FNSR)
Optical network hardware supplier Finisar Corporation is a promising stock to monitor throughout 2018. Lagging sales for their 100G line cards last year contributes to somewhat of an early decline, though the company has proven capable of working through technical issues in the past.
A strong customer demand for 100G and ROADM line cards, in addition to strong sales for 100G QDSFP, makes Finisar’s stock promising. Their role in the flourishing 3D sensing space is also a plus.
These five tech stocks may not be brand names to many investors, though they are all playing substantive roles in emerging tech niches that can elevate their stocks significantly over the next year and beyond.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
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