Should you invest $1,000 in Bmo Clean Energy Index Etf right now?

Before you buy stock in Bmo Clean Energy Index Etf, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Bmo Clean Energy Index Etf wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,345.77!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

See the Top Stocks * Returns as of 4/21/25

2 Growth Stocks to Invest $500 in Right Now

Given their attractive valuation and high growth prospects, these two growth stocks could be an excellent buy even in this volatile environment.

| More on:

Growth stocks have the potential to grow above the market average, thus delivering superior returns. However, rising interest rates and expensive valuations have made investors move away from these stocks this year. As a result, some of these stocks are seeing a substantial decline in their stock values. Yet, these steep corrections have dragged the valuations of the following two stocks down to attractive levels. So, despite the volatile environment, investing a small amount, maybe around $500, in the following two stocks can be a good strategy.

Lightspeed Commerce

First on my list would be Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD), which offers omnichannel solutions to small and medium-scale businesses across multiple industries. Amid the expectation of deacceleration in growth, an expensive valuation, and growing net losses, the company has lost over 80% of its stock value compared to its 52-week high. The correction has dragged its NTM (next 12 months) price-to-sales multiple down to 3.4, lower than its historical average.

Created with Highcharts 11.4.3Lightspeed Commerce PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Meanwhile, Lightspeed Commerce has continued on its growth trajectory. Its topline has grown by 50% in the recently reported first quarter of fiscal 2023 amid an expanding customer base and increasing average revenue per user (ARPU). Supported by its innovative product offerings, the company has added 3,000 new customers during the quarter while growing its average revenue per user by 39%. Although its net losses rose during the quarter, the company’s management hopes to achieve adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) break even by March 2024.

Since the POS provider caters to the retail and restaurant businesses, it could benefit from easing COVID-related restrictions. Also, its recurring revenue streams, expansion to new markets, strategic acquisitions, and broad product offering could continue to drive its top line. So, considering all these factors, I believe investing in Lightspeed Commerce is a risk worth taking.

goeasy

goeasy (TSX:GSY) has been one of the consistent performers over the last 20 years. Its revenue and adjusted EPS (earnings per share) are growing at a CAGR (compounded annual growth rate) of 12.8% and 24.9%, respectively. Supported by these strong performances, the company’s stock price has grown at a CAGR of 37.7% during this period.

Even in this challenging environment, the company has continued its uptrend. Its revenue and adjusted net income have grown by 30% and 15.1% in the first six months of this year, respectively. Besides, its net charge-off rate stands at 9.3%, within its guidance of 8.5%–10.5%. The strong performance from the automotive financing vertical and growth in home equity loans drove its financials. Despite its solid financials, the company has lost around 37% of its stock value this year. The fear that the rising interest rates and inflationary environment could slow down its growth has made investors nervous, thus dragging its stock price down.

Despite these uncertainties, goeasy’s management is confident of growing its loan portfolio by 62% to reach $4 billion by 2024. Amid the expansion of the loan portfolio, the company’s management expects its revenue to grow at a CAGR of 18%. At the same time, its operating margin could increase at an annualized rate of 100 basis points. So, its growth prospects look healthy.

goeasy has also been growing its dividends at an impressive annualized rate of over 34% since 2014. Its forward dividend yield currently stands at a healthy 3.28%. So, considering its healthy growth prospects, high dividend growth, and attractive NTM price-to-earnings multiple of 8.4, goeasy could be a worthwhile growth stock to buy even in this volatile environment.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Rajiv Nanjapla has no position in any of the stocks mentioned. The Motley Fool recommends Lightspeed Commerce. The Motley Fool has a disclosure policy.

More on Tech Stocks

Investor reading the newspaper
Tech Stocks

Dip Buyers Could Win Big: The Best Canadian Stocks to Buy Now

Canadian stocks have some big winners, and these three are a prime choice while shares are down.

Read more »

Data center servers IT workers
Dividend Stocks

If I Could Buy and Hold a Single Canadian Stock, This Would Be It

If you want a Canadian stock that's due for even more growth, this one is an easy "yes."

Read more »

Abstract Human Skull representing AI
Dividend Stocks

1 Practically Perfect Canadian Stock Down 26% to Buy Now and Hold for Life!

This Canadian stock continues to be undervalued for investors wanting in on a solid, long-term tech stock.

Read more »

how to save money
Tech Stocks

Where Will Shopify Stock Be in 2 Years?

Down 40% from all-time highs, Shopify is a TSX tech stock that trades at a discount to consensus price targets…

Read more »

A family watches tv using Roku at home.
Tech Stocks

1 Magnificent Canadian Stock Down 57% to Buy and Hold Forever

Down over 50% from all-time highs, Vecima Networks is a TSX tech stock trading at a sizeable discount in May…

Read more »

A bull and bear face off.
Tech Stocks

How to Invest $50,000 of TFSA Cash in 2025

The market sell-off in the last two months amid fear of tariffs has created an opportunity to invest your cash…

Read more »

hand stacking money coins
Tech Stocks

Canadians: How You Could Build a $1 Million Nest Egg

Building a $1 million nest egg needs consistent investing, time in the market, and these growth stocks for the catalyst…

Read more »

The virtual button with the letters AI in a circle hovering above a keyboard, about to be clicked by a cursor.
Tech Stocks

How I’d Invest $4,500 in Canadian Artificial Intelligence Stocks to Outsmart the Market

If you're an investor wanting in on AI stocks, but want to do so safely, here's where to invest.

Read more »