We recently compiled a list of the 10 Stocks with Potential to Rise 1000 Percent. In this article, we are going to take a look at where Aeva Technologies, Inc. Common Stock (NASDAQ:AEVA) stands against the other stocks with potential to rise 1000 percent.
Stocks that have the potential to rise by 1000% (often called “ten-baggers”) represent a highly sought-after prize among investors due to their outsized impact on overall portfolio returns. A single ten-bagger can not only dramatically enhance long-term performance but also offset losses from numerous unsuccessful investments, underscoring their strategic value within a diversified portfolio. Many consider multi-bagger investments to be easy for the luckiest people and thus see them as just another way of making money fast. However, identifying these exceptional stocks requires more than luck; investors must understand specific traits, such as disruptive business models, substantial market opportunities, and visionary leadership. As the legendary Peter Lynch put it, “The key to making money in stocks is not to get scared out of them; you only need a few good stocks in your lifetime.”
A common misconception is that stocks with 10x potential are exceptionally hard to find, but the truth is that many of the current trillion-dollar stocks have been ten-baggers just recently, with the stock price rising more than 1000% over 5-10 years. A notable example is how the AI megatrend created a couple of multi-baggers, the largest of whom briefly became the most expensive company in the world. Typically, 10x stocks are more frequently discovered among small- and mid-cap companies rather than large-cap. This is largely because smaller companies have greater flexibility, fewer institutional constraints, and significantly more room to grow compared to their already-established larger counterparts. Multi-bagger stocks are commonly found in rapidly expanding sectors such as technology, biotechnology, renewable energy, and other innovative industries. These sectors often feature businesses positioned to benefit from new market trends, technological breakthroughs, or disruptive changes, whereas more traditional industries tend to grow at a slower, more predictable pace, offering fewer opportunities for explosive gains.
READ ALSO: 12 Best Multibagger Stocks to Buy in 2025
How to Find Ten-Baggers?
Finding stocks that could rise 1000 percent requires diligent research, patience, and a strategic approach. Investors should look for companies with strong and sustainable competitive advantages, innovative products or services, high-quality management teams, and scalable business models. A good way to identify the potential for scalability is to assess whether the company’s total addressable market (TAM) has several sources of growth – for instance, it is highly desirable for the company to be able to not only operate in a high-growth market but also constantly expand its TAM by creating new products or entering new markets through strategic acquisitions. An eloquent example is how the AI megatrend created ten-baggers – many technology companies not only experienced significant uplift from AI applications in their core product but also got the opportunity to create new applications that automatically expanded the company’s TAM and potential growth opportunities.
Is the Current Market Favorable for Ten-Baggers?
The recent US stock market volatility and correction have been the main concern of investors as the market entered a risk-off mode in which high-growth stocks are out of favor. The obvious cause of their fears is Trump 2.0 Tariff Turmoil. The new US administration admits that its trade and DOGE policies might cause some economic slowdown in the short run but says they should lead to big gains in the long run. Although markets are not completely buying into such long-term optimism, the new jobs market and consumer confidence data suggest that the US economy still stands strong. We also believe that President Trump has some aces up his sleeve, such as the possibility of lowering the corporate tax rate, which should provide a noticeable uplift for corporate earnings (good for stock prices). The key takeaway for readers is that the recent correction provides more affordable entry points for investments, while the long-term picture remains favorable for continued growth until the end of the Roaring 2020s – a suitable environment to pick stocks with the potential to rise 1000 percent.
A close-up of a LiDAR-on-chip sensor mounted in a consumer-grade electronic device.
Our Methodology
We consulted several reputable sources and analysts’ reports and short-listed 20-30 companies that are predicted to rise at least 1000 percent in the following years. In addition to some reputable sources, we also considered YouTube videos and Twitter threads. Then we compared the list with Insider Monkey’s Q4 2024 proprietary database of hedge funds’ ownership and included in the article the top 10 stocks with the largest number of hedge funds that own the stock.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Aeva Technologies, Inc. Common Stock (NASDAQ:AEVA)
Number of Hedge Fund Holders: 11
Aeva Technologies, Inc. Common Stock (NASDAQ:AEVA) develops LiDAR sensing and perception systems for autonomous vehicles and industrial applications. The company’s technology is based on proprietary Frequency Modulated Continuous Wave (FMCW) LiDAR, which enables simultaneous measurement of distance and velocity. AEVA’s product portfolio includes 4D LiDAR sensors, such as Aeries II and Atlas, designed to enhance object detection and perception capabilities in dynamic environments. The company operates primarily through partnerships with OEMs, Tier 1 suppliers, and system integrators to integrate its hardware and software into commercial solutions. AEVA ranked sixth on our recent list of 12 Best AI Penny Stocks to Buy According to Hedge Funds. It is one of the stocks that will go up 1000 percent.
Aeva Technologies, Inc. (NASDAQ:AEVA) demonstrated strong commercial momentum in 2024, achieving revenue of $9.1 million with over 100% YoY growth. The company secured significant wins, including a development program with a global top 10 passenger OEM for its next-generation vehicle platform, targeting the start of production in 2027. The company is progressing well with the Daimler Truck production program, having delivered on all milestones for 2024, and remains on track for the start of production in 2026. AEVA unveiled Atlas Ultra, their newest automotive-grade 4D LiDAR with 3x resolution and 35% slimmer packaging compared to the Atlas product.
In the industrial sector, Aeva Technologies, Inc. (NASDAQ:AEVA) partnered with SICK AG to incorporate their FMCW technology into high-precision contactless sensor solutions, with commercial deployments beginning in Q3 2025. Looking ahead to 2025, the company targets revenue growth of 70% to 100% YoY while planning to reduce operating expenses by approximately 10% to 20%. The company maintains a strong liquidity position with $237 million available, including $112 million in cash and a $125 million undrawn facility.
Overall AEVA ranks 9th on our list of the 10 stocks with potential to rise 1000 percent. While we acknowledge the potential of AEVA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AEVA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
Hedge Fund Resource Center