Fastest-Growing Stocks

These are the top stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly year-on-year (YOY) percentage revenue growth and their most recent quarterly YOY earnings per share (EPS) growth.
Both sales and earnings are critical factors in the success of a company. Therefore, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of more than 1,000% were excluded as outliers.
Momentum investing is a factor-based investing strategy that involves buying a stock whose price has risen faster than the market as a whole. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform won't suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase it, further bidding up its price.
These are the stocks that had the highest total return over the past 12 months.
First Solar Inc.: A solar energy company that makes cadmium telluride solar modules for commercial and industrial uses. Early this year, First Solar sold its 141 MW power plant located in Chile to the company Toesca for an undisclosed amount. On April 27, the company reported first-quarter earnings, with net sales declining by 45% to $548 million. Nonetheless, the company reported net income of $43 million, swinging to a profit from a $43 million loss in the year-ago quarter. The company's stock price rose by approximately 25% in the two weeks after earnings.
NVIDIA Corp.: This is a semiconductor company that derives most of its revenue from selling graphics processing units (GPUs) for gaming PCs. On May 24, the company reported first-quarter fiscal year 2024 earnings. Nvidia reported 14% growth in data-center revenue and expanded artificial intelligence (AI) development with multiple partnerships and the introduction of AI Foundations, a generative AI language learning model. Following the earnings report, the company's share price rose by 24%, bringing it briefly to a $1 trillion market cap.
$Penumbra (PEN.US)$ : Penumbra develops and sells minimally invasive medical devices that help remove blood clots from the body.
$Netflix (NFLX.US)$ : An entertainment streaming company that offers a wide range of original and licensed movies and TV shows.
$Axon Enterprise (AXON.US)$ : Axon manufactures and sells conducted-energy weapons under the Taser brand, and cloud-based video equipment and software for use by law enforcement. Axon has experienced steady growth over the past year. Axon's YOY revenue jumped 34% in the first quarter on the release of multiple new products and 51% growth in cloud sales.