There’s an interesting relationship between 5G wireless and alternative energy. 5G is the next generation of cellular technology. It offers speeds that rival fixed-line fiber, with comparable latency. 5G cell towers are being deployed in the U.S. and around the world. Many of these towers will be powered by solar modules and lithium battery arrays.
This relationship makes Nokia Corp. (NYSE: NOK) a valuable complementary stock for an alternative portfolio. Nokia is a major telecommunications infrastructure company based in Finland. It develops technology patents, 5G hardware, mobile networks, and services for the telecommunications industry.
Nokia performs mildly in terms of revenue growth but it could have a huge upside once 5G takes off in 2021 and beyond. In the 2019 fiscal year, revenue was up 3.42%, while gross income was up 1.05%. The company operates with a healthy gross profit margin of 32.53% and an EBITDA margin of 13.14%.
Alternative investors who are also interested in the technology market should consider this pick for its affordability and upside in a 5G world. There’s also a 4.87% dividend yield that comes with this stock, making it a solid income pick for a bargain portfolio that is otherwise based on speculation.
- 1 Year Price Growth: -32.76%
- YTD Price Growth: -5.39%
- 3 Month Price Growth: -10.23%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.