This article presents an overview of the 5 Hyper-Growth Stocks Billionaires Are Loading Up On. For a detailed overview of such stocks, read our article, 11 Hyper-Growth Stocks Billionaires Are Loading Up On.
5. Blink Charging Co (NASDAQ:BLNK)
Number of Billionaire Investors: 3
EV charging company Blink Charging Co (NASDAQ:BLNK) shares jumped in December after billionaire Ken Griffin’s hedge fund disclosed a small stake in the company. In November Blink Charging Co (NASDAQ:BLNK) posted strong third quarter results.
Adjusted EPS in the period came in at -$0.16, beating estimates by $0.21. Revenue in the quarter jumped about 151.5% year over year to $43.38 million, beating estimates by $12.33 million.
Blink Charging also upped its 2023 revenue target to $128 million – $133 million.
4. Pure Cycle Corporation (NASDAQ:PCYO)
Number of Billionaire Investors: 3
Recycled polypropylene (PP) company Pure Cycle Corporation (NASDAQ:PCYO) ranks fourth in our list of the best hyper-growth stocks to buy according to hedge funds.
Earlier this month, Pure Cycle Corporation (NASDAQ:PCYO) posted fiscal first quarter results. GAAP EPS in the period came in at $0.09. Revenue in the quarter jumped 302% year over year to $5.39 million.
A total of three billionaires tracked by Insider Monkey had stakes in Pure Cycle Corporation (NASDAQ:PCYO). Billionaires Israel Englander and Ken Griffin were among the notable shareholders of Pure Cycle Corporation (NASDAQ:PCYO).
Pure Cycle Corporation (NASDAQ:PCYO) talked about important business updates during its fiscal Q4 earnings call in November:
Currently, we’ve got about a little over 720 lots that have been either delivered homes on or homes under construction on. And so that’s about 14% of the total capacity at Sky Ranch. When you take a look at adding everything into Phase 2, which is going to be how we deliver [Phase II A/B] (ph), A is 100% complete, you saw that illustration earlier. B is about 30%. C is just getting started at around 9% and then B. So you look at that with all of Phase 2, that would roughly add about 25% — 27%. So about a-quarter of the total capacity at Sky Ranch. And when you translate what we’re making there to the balance of the residential and the commercial portfolios, that’s where you get that roughly looking at about $580 million at current rates today.
So a lot of pedal left on Sky Ranch, and we continue to be aggressive on continuing to deliver those on a just-in-time basis. So our homebuilder partners really continue to enhance their margins on that without taking these large inventories. So it gives you a bit of feel for how our land side is. And then where we look to be and where we’re going on our single-family rentals. If you take a look at that and we’ll peg a market at 200 units. And right now, we’ve got just 14 units. So we’re about seven into those. And that 200 units is still less than 10% of the overall capacity of the residential units at Sky Ranch. And so we think that’s a very conservative number to add to the portfolio. There’s room for us to be expanding beyond the 200 units.
But this gives you kind of an illustration of where that looks to be with Phases 1 and 2A and then really all of 2B, 2C and 2D with that other 55 units. So that would again carry us up to about 27% of the overall portfolio. And then still have plenty of pedal left on that to generate annual revenues in excess of $6 million, somewhere close to $7 million. And then it’s going to be about a $100 million portfolio when you take a look at a couple of hundred units on an average sale price at that $0.5 million,
Read the entire earnings call transcript here
3. CleanSpark Inc (NASDAQ:CLSK)
Number of Billionaire Investors: 5
Bitcoin mining company CleanSpark Inc (NASDAQ:CLSK) ranks third in our list of the top hyper-growth stocks billionaires are buying.
Earlier this month, CleanSpark Inc (NASDAQ:CLSK) said it bought 60,000 Bitmain S21 miners for a total of $193.2 million, or $16.10 per terahash.
A total of five billionaires in Insider Monkey database had stakes in CleanSpark Inc (NASDAQ:CLSK). Billionaire Israel Englander had a $6.5 million stake in CleanSpark Inc (NASDAQ:CLSK) as of the end of September 2023.
2. Marinus Pharmaceuticals Inc (NASDAQ:MRNS)
Number of Billionaire Investors: 6
Marinus Pharmaceuticals Inc (NASDAQ:MRNS) is working on treatments of rare genetic epilepsies and other seizure disorders.
In November Marinus Pharmaceuticals Inc (NASDAQ:MRNS) posted third quarter results. GAAP EPS in the third quarter came in at -$0.61, beating estimates by $0.06. Revenue in the period jumped 213% year over year to $7.34 million, surpassing estimates by $1.03 million.
As of the end of the third quarter of 2023, six billionaires tracked by Insider Monkey had stakes in Marinus Pharmaceuticals Inc (NASDAQ:MRNS).
1. MercadoLibre Inc (NASDAQ:MELI)
Number of Billionaire Investors: 13
Argentina-based ecommerce company MercadoLibre Inc (NASDAQ:MELI) ranks first in our list of the hyper-growth stocks to buy according to billionaire investors. A total of 13 billionaires tracked by Insider Monkey had stakes in MercadoLibre Inc (NASDAQ:MELI). The most notable stakeholder of MercadoLibre Inc (NASDAQ:MELI) among these billionaires was Ken Fisher’s Fisher Asset Management which owns a $203 million stake in MercadoLibre Inc (NASDAQ:MELI).
ClearBridge International Growth EAFE Strategy stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its fourth quarter 2023 investor letter:
“Emerging growth companies Shopify and MercadoLibre, Inc. (NASDAQ:MELI) continue to show improved operational performance. MercadoLibre’s investments in new services continue to drive revenue growth and margin improvement. New loyalty programs, credit services and advertising products, for example, all contributed to good business performance.”
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