Key Points -Innovation often drives rapid sales growth. -However, sales growth alone rarely tells the full story about a company. For more than a decade, growth stocks have been unstoppable. Abundant access to cheap capital and historically low lending rates have allowed fast-growing businesses to hire, acquire, and put their innovative prowess to work. But for some companies, their growth is just getting started. For the following four under-the-radar small-cap growth stocks, Wall Street expects sales to increase by 707% to as much as 9,406% over the next four years. Bionano Genomics$Bionano Genomics(BNGO)$: Implied sales growth of 1,182% by 2024 First up is small-cap genome analysis company Bionano Genomics (NASDAQ:BNGO). Wall Stree
EV Stocks dipped in Monday morning trading.Tesla,Nio,Xpeng Motors and Li Auto fell between 2% and 3%.China has vowed to consolidate the country’s electric vehicle industry after a decade-long nurturing of the sector led to the emergence of too many players, some of which are barely viable.“Looking forward, EV companies should grow bigger and stronger. We have too many EV firms on the market right now,” Xiao Yaqing, the minister for industry and information technology, said at a press conference