For younger or long-term investors, choosing the right stocks early — before they hit the mainstream radar — can lay the foundation for significant wealth over time. If you’re looking to build a portfolio without the stress of watching market fluctuations constantly, here are two top TSX stocks worth considering for steady, long-term growth.
Also Read: Best long term Canadian stocks
- Ballard Power Systems (TSX:BLDP)
As the global energy landscape continues to evolve, hydrogen fuel cells are shifting from speculative tech to a serious solution — and Ballard Power Systems is right at the center of this transformation.
Based in Burnaby, B.C., Ballard specializes in proton exchange membrane (PEM) fuel cell systems, which are used in applications ranging from buses and trucks to trains and marine vessels. The company’s stock has seen a 74% rise over the past year and currently trades at around $3.97 per share, with a market cap of approximately $1.2 billion.
This surge in investor interest can be tied to Ballard’s improving fundamentals. In Q2, revenue rose 11% year over year, driven by increased shipments in the bus and rail sectors. Meanwhile, the company is investing in cost-reduction strategies — including a high-volume bipolar plate manufacturing line and a new city transit module that promises improved performance, easier system integration, and lower lifecycle costs.
With over US$550 million in cash and no bank debt, Ballard is in a strong financial position. For long-term investors betting on the future of clean energy, this could be a smart early-stage investment with significant upside potential.
Also Read: Canadian Stocks to buy 2025
- Lightspeed Commerce (TSX:LSPD)
Another promising TSX stock for long-term wealth building is Lightspeed Commerce, a software company helping retail and hospitality businesses transition into the digital age through its cloud-based point-of-sale and payment platforms.
Trading at around $17.40 per share, Lightspeed has a market cap of about $2.4 billion. While it’s still down around 7% from this time last year, the stock has gained over 25% in the last 100 days, thanks to improving profitability and disciplined cost management.
In its fiscal 2025 (ended March), Lightspeed reached a key milestone — surpassing US$1 billion in revenue for the first time, with 18% year-over-year growth. Despite a non-cash goodwill impairment that impacted reported earnings, the company’s core operations are showing strong progress.
Lightspeed is now laser-focused on expanding its retail presence in North America and its hospitality footprint in Europe. With new AI-driven tools and improved omnichannel features, average revenue per user rose by 13% YoY — a key sign of growing value per customer.
Given its improving financials, scalable platform, and strategic focus, Lightspeed stands out as a compelling growth story in the Canadian tech space — one that’s particularly well-suited for next-gen investors with a long-term horizon.
Final Thoughts
Both Ballard Power Systems and Lightspeed Commerce represent different but promising paths to wealth creation — one rooted in the clean energy revolution and the other in the digital transformation of commerce. For investors building a Tax-Free Savings Account (TFSA) or long-term growth portfolio, these TSX stocks offer strong potential without the need to obsessively track the market every day.
Sign Up For our Newsletters to get latest updates
