Hillcrest Energy Technologies. (CSE: HEAT)
From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.
Stocks can help create substantial wealth over time. It is noteworthy that several stocks on the TSX have appreciated multiple times, generating significant returns over the past decade. Therefore, if you plan to invest for tomorrow, here are two fundamentally strong TSX stocks that can accumulate lasting wealth in the long term.
One such stock is Celestica (TSX: CLS), which is well-positioned to capitalize on increased spending opportunities amidst the AI infrastructure development surge. This electronic manufacturing, hardware platform, and supply chain solutions provider is benefiting from massive investments in data center infrastructure from hyperscale clients, including strong demand for its Hardware Platform Solutions (HPS) products.
Due to this robust demand, Celestica’s stock price has appreciated approximately 995% over the past five years. Furthermore, with accelerating spending on AI infrastructure, the stock has significant upside potential.
Celestica’s financial outlook is expected to improve further. The company may enhance profit margins through higher sales, increased production efficiency, and optimized product offerings. These factors are anticipated to support earnings and lay a solid foundation for future stock price appreciation.
Another stock to consider is Hammond Power Solutions (TSX: HPS.A), which long-term investors might find attractive. The company manufactures dry-type transformers and power quality products, which are essential for supporting electrification across various industries. This positions Hammond to benefit from steady demand in traditional sectors such as utilities and infrastructure, while also enabling entry into rapidly growing markets like data centers, electric vehicle (EV) charging, and renewable energy.
Hammond has demonstrated solid sales and earnings, with a healthy backlog of orders expected to support future revenue growth. Strategic acquisitions have expanded the company’s product range and customer base, creating more opportunities for customized power solutions. As demand for large transformers increases and project consulting rises, Hammond is ramping up production capacity to maintain its competitive edge.
With a focus on innovation and market expansion, steadily growing production capacity, and strong ties to emerging sectors such as artificial intelligence, electric vehicles, and renewable energy, this stock presents an attractive long-term choice.
