Written by Adam Othman at The Motley Fool Canada
Adding cheap stocks to your self-directed portfolio can be an excellent strategy as a stock market investor. However, you should not invest in just any stock that has seen its share prices decline. Not every stock is a bargain after a decline. Some stocks have warranted downturns due to fundamental issues with the underlying company.
When looking at cheap stocks, it is important to evaluate them to see whether they have the potential to deliver returns in the long run. Whether it is due to the company being fundamentally solid or if there are favourable conditions on the horizon for their industry. One such sector is the energy industry.
Typically, people think of oil and gas companies when thinking of the top Canadian energy stocks. However, the future of the energy industry is green and renewable energy stocks might be the key to cheap energy exposure right…
