The energy sector has been performing well in 2024, but there are some stocks outside the sector with significant growth potential. TSX-listed companies AtkinsRéalis, Mattr Corp., and NexGen Energy are poised to become future giants.
AtkinsRéalis, formerly known as SNC-Lavalin, has been winning multiple contract awards in the engineering and construction industry. The company’s service revenue and backlog reached record highs in 2023, with adjusted net income also showing significant growth.
Mattr Corp., previously Shawcor, is now a global materials technology company serving critical infrastructure markets. The company saw a substantial increase in revenue and net income in the past year.
NexGen Energy is developing the Rook I Project, which is set to become the world’s largest, low-cost producing uranium mine. With a growing demand for uranium due to the rise in nuclear energy investments, NexGen Energy is expected to see significant growth in the coming years.
These companies are not speculative investments, but real opportunities for growth investors. With their proven track records and strong growth potential, investors may want to consider taking positions in these stocks before their prices soar.