Billionaire Ken Fisher’s 10 Industrial Stock Picks with Huge Upside Potential

1. Montrose Environmental Group, Inc. (NYSE:MEG)

Number of Hedge Fund Holders: 17

Upside Potential: 104.36%

Montrose Environmental Group, Inc. (NYSE:MEG) is a diversified environmental services provider operating across the United States, Canada, and internationally. It caters to a wide range of industries, including oil and gas, utilities, government entities, chemicals, aerospace, and renewable energy. It is one of the industrial stocks with strong upside potential, backed by its expanding client base and rising demand for environmental services.

For the year ended December 31, 2024, Montrose Environmental Group, Inc. (NYSE:MEG) reported record revenue of $696.4 million, reflecting an 11.6% year-over-year increase, supported by 8.3% organic growth. Q4 2024 revenue grew 14.1% year-over-year to $189.1 million, while full-year consolidated adjusted EBITDA reached $95.8 million, representing 13.8% of revenue. Diluted adjusted net income per share rose to $0.29 in Q4 from $0.27 a year earlier. The company’s leverage ratio also improved significantly, standing at 2.1x by year-end.

Moreover, Montrose Environmental Group, Inc. (NYSE:MEG) maintained a high 96% revenue retention rate for the third consecutive year, with strong cross-selling initiatives contributing 53% to 2024 revenue. International revenue grew notably to around 20% of total sales. Segment-wise, Measurement and Analysis led performance with robust year-over-year growth and strong margin expansion. In addition, the audit committee’s independent review addressed short-seller allegations, finding no material issues, thereby reinforcing investor confidence.

Looking ahead, Montrose Environmental Group, Inc. (NYSE:MEG) is targeting steady organic growth, stronger operational efficiencies, and expanding its private sector and international client base. Ken Fisher owns approximately $5.2 million worth of shares in Montrose Environmental Group, Inc., representing about 0.002% of his total portfolio, highlighting his belief in the company’s long-term prospects.

Overall, Montrose Environmental Group, Inc. (NYSE:MEG) ranks first on our list of Billionaire Ken Fisher’s Industrial Stock Picks with Huge Upside Potential. While we acknowledge the potential of MEG, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MEG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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