Everyone likes a winner, and it’s only natural to gravitate toward them, but the stock market offers a unique twist on that process. That is because the biggest opportunities are often found among the losers, or more precisely, the stocks that have been beaten-down for one reason or another.
The interesting part is that in the stock market, these losers can quickly become winners, and those who were bold enough to pick up equities at depressed levels when they looked down and out will, in the end, reap the rewards.
But it’s not as simple as it sounds. Not all beaten-down stocks are destined to rebound; some might be languishing in the doldrums for a good reason. So, the key lies in identifying the stocks that are poised to bounce back eventually.
This is where Wall Street’s stock experts enter the frame. It is their job, after all, to point out where the best opportunities lie at any given time, and they will often tell investors to search for those equities that have been hit hard but deserve a second look.
With this in mind, we opened the TipRanks database to get the lowdown on 2 stocks that have received big haircuts this year – both are down by more than 50% – but for whom the analysts see much better days ahead. Each features a Strong Buy analyst consensus rating and offers triple-digit upside potential. Let’s take a deeper dive in.
Beam Global (BEEM)
We’ll start off with Beam Global, a clean-tech company specializing in innovative electric vehicle (EV) infrastructure solutions. The company is known for its solar-powered EV charging stations, which are designed to be both energy-efficient and versatile, catering to a wide range of applications, from public charging stations to fleet management and disaster relief efforts.
Notably, the company doesn’t compete directly with existing EV-charging companies; rather, it complements the services by supplying off-grid infrastructure solutions. Additionally, Beam maintains neutrality when it comes to EV-charging service equipment, meaning it doesn’t favor any specific EVSE (electric vehicle supply…
..
