5 Best Growth Stocks for the Next 10 Years

In this piece, we will take a look at the five best growth stocks for the next ten years. If you want to learn about trends in vaue and growth investing, then check out 10 Best Growth Stocks for the Next 10 Years.

5. Ring Energy, Inc. (NYSE:REI)

Trailing P/E Ratio: 2.19

Ring Energy, Inc. (NYSE:REI) is an American oil and gas operations firm with sites in Texas and New Mexico. While it is an oil company, the firm has been growing its revenue annually since 2015 and its five year average revenue growth rate is 39%. The shares are rated Buy on average.

Nine of the 943 hedge funds part of Insider Monkey’s Q1 2023 research had bought Ring Energy, Inc. (NYSE:REI)’s shares. Out of these, the firm’s largest shareholder is John Overdeck and David Siegel’s Two Sigma Advisors with a $3 million investment.

4. CN Energy Group. Inc. (NASDAQ:CNEY)

Trailing P/E Ratio: 1.97

CN Energy Group. Inc. (NASDAQ:CNEY) is a Chinese company that claims to provide responsibly sourced activated carbon to different industries such as pharmaceuticals and food production. The shares, which trade for 19 cents, have received an extension from the NASDAQ exchange for the $1 bid price requirement.

After digging through 943 hedge funds for their March quarter of 2023 shareholdings, Insider Monkey discovered that four had invested in CN Energy Group. Inc. (NASDAQ:CNEY)’s shares. Hal Mintz’s Sabby Capital is the largest shareholder with a stake worth $850,177.

3. Navios Maritime Partners L.P. (NYSE:NMM)

Trailing P/E Ratio: 1.23

Navios Maritime Partners L.P. (NYSE:NMM) is a liquid and dry cargo shipping company. Its shares are also rated Strong Buy on average, and the ten year average revenue growth rate is 19.41%.

Five of the 943 hedge funds polled by Insider Monkey had held a stake in the firm as of March 2023. Out of these, Navios Maritime Partners L.P. (NYSE:NMM)’s largest shareholder is George Mccabe’s Portolan Capital Management with a $5.5 million investment.

2. Netcapital Inc. (NASDAQ:NCPL)

Trailing P/E Ratio: 1.09

Netcapital Inc. (NASDAQ:NCPL) is a software company that provides a platform enabling other firms to digitally raise capital. The stock was rated Buy in the two analyst notes that covered it in July 2023, and the five year average revenue growth rate is 138% which slows to 69% for the three year rate.

Insider Monkey took a look at 943 hedge funds for their first quarter of 2023 investments to find out that three had bought Netcapital Inc. (NASDAQ:NCPL)’s shares.

1. Chimerix, Inc. (NASDAQ:CMRX)

Trailing P/E Ratio: 0.59

Chimerix, Inc. (NASDAQ:CMRX) is a biotechnology firm that develops treatments for serious diseases such as tumors, cancer, and leukemia. The stock is rated Strong Buy on average and analysts have also penciled in a $6 share price upside. Its three year average revenue growth rate is 39.28%.

As this year’s first quarter ended, 13 of the 943 hedge funds part of Insider Monkey’s database had held a stake in the firm. Chimerix, Inc. (NASDAQ:CMRX)’s largest shareholder is David Rosen’s Rubric Capital Management with an investment of $9.2 million.

Disclosure: None. You can also take a look at 11 High Growth Utility Stocks to Buy and 10 Best Stocks To Invest In For Financial Stability.

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