Stock trading influencer Roaring Kitty — real name Keith Gill — made a on social media after a three-year silence.
Gill dropped from social media in the aftermath of 2021’s GameStop (NYSE:GME) event, where institutional investors who shorted GME suffered major losses after retail investors bought it in droves.
GME and other stocks that rallied in 2021 on his return, making it feel like 2021 all over again.
As of now, Roaring Kitty seems to have retreated from social media again. But that doesn’t mean you can’t take advantage of the market excitement and snap up some stocks that have appreciated on his short-lived comeback.
Here are three choice picks for speculative stocks to buy on the return of Roaring Kitty.
Virgin Galactic (SPCE)
Virgin Galactic (NYSE:SPCE) is one of the companies that got caught up in that speculative stock buying in 2021.
And on the return of Roaring Kitty, it reprised that role. Virgin Galactic stock added 19% on May 14 — although it at the close of Friday, May 24.
But SPCE isn’t like other speculative stocks, such as GME, which has, in recent years, solely relied on social media sentiment for the occasional favorable performance.
Virgin Galactic is part of a “billionaire space race,” — with several ambitious companies trying to out-innovate each other. There is real potential for substantial growth return on investment (ROI) over the long term, which makes SPCE one of the best speculative stocks to buy.
But that’s assuming, of course, it doesn’t before actualizing its Delta Class passenger spacecraft launch in 2026. The company expects the new spaceships to in revenue annually.
SunPower (SPWR)
In keeping with the meme stocks trend, SunPower’s (NASDAQ:SPWR) shares appreciated over 100% on Roaring Kitty’s re-emergence.
But that was a small reprieve for the California-based solar manufacturer, which has had a brutal one and half years thanks to and its own Shares in 2023 before further this year at the time of writing.
However, it may not yet be time to write SunPower’s obituary. Indeed, it may turn out to be one of the more promising stocks to buy. The solar energy sector is typically impacted by factors such as changes in government policy, partnerships or technological advancements.
Case in point: SPWR stock climbed this month on the announcement that the firm had partnered with Tesla (NASDAQ:TSLA) to offer the Tesla Powerwall 3 storage battery.
SunPower will also benefit from the Biden administration’s on Chinese solar products and other goods.
Bloom Energy (BE)
Bloom Energy (NYSE:BE) is not strictly in the same bracket as the meme-driven GameStop. Still, the renewable energy company amid retail investor interest on May 13 after Gill’s post on X.
BE share last week, following by Wells Fargo (NYSE:WFC) from $12 to $14 apiece.
The company has been witnessing increased demand from data centers that need its solid oxide fuel cells. The most notable of such interest is by Intel (NASDAQ:INTC). The a power capacity agreement this month that will see “Silicon Valley’s largest fuel cell-powered high-performance computing data center.”
In its first quarter report, CEO KR Sridhar in addition to data centers, the company views “AI hardware supply-chain industries as a good growth opportunity for Bloom, both in the U.S. and in Asia.”
In short, Bloom Energy’s fundamentals look strong in the near future — at least. It may be a good fit for investors looking for speculative stocks to buy.
On the date of publication, Hope Mutie did not hold (either directly or indirectly) any positions in the coins mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com’s Publishing Guidelines.
