Two growth stocks poised for huge gains in 2026+

Macro uncertainty and trading concerns continue to weigh on markets, but a few high-quality Canadian growth stocks remain well-positioned to deliver huge returns in 2026 and beyond. These Canadian stocks are likely to benefit from strong demand and solid execution, allowing them to build value regardless of short-term volatility. Furthermore, their strong fundamentals and scalable business models make them attractive long-term investments.

Against this backdrop, there are two Canadian growth stocks set to post huge gains in 2026 and beyond.

Growth stock #1: Enerflex

Enerflex (TSX:EFX) is an attractive growth stock that is set up for huge gains in 2026 and beyond. The country is likely to benefit from rising North American natural gas supplies, while its diversified, contract-backed business model provides meaningful downside protection.

Enerflex operates in the energy infrastructure value chain and designs, manufactures, installs and maintains equipment used in compression, natural gas processing, cryogenic systems and produced water treatment. This vertically integrated model enables participation in the lifecycle, from front-end design to long-term maintenance, strengthening customer relationships and moderating cyclicality.

Momentum in the Energy Infrastructure (EI) segment is expected to be a key earnings driver in 2026 and beyond. This division owns and operates energy assets under long-term contracts, generating stable, predictable cash flows. The existing agreements related to this business are expected to generate approximately $1.4 billion in revenues in the coming quarters.

The company’s After-Market Services (AMS) activities further improve profit sustainability. By providing maintenance, parts and operational support to a large installed base, Enerflex generates high-margin recurring service revenues that are less subject to capital expenditure fluctuations. At the same time, the Engineered Systems (ES) segment has a backlog of approximately $1.1 billion, reflecting continued demand for modular gas processing and water treatment solutions.

With expected increases in North American natural gas and produced water volumes, Enerflex is well positioned to deliver solid growth. Furthermore, the disciplined capital allocation, the focus on increasing margins, improving free cash flow and the strong balance sheet make the risk-return profile attractive.

Growth Stock No. 2: Hammond Power Solutions

Hammond power solutions (TSX:HPS.A) is an attractive growth stock that could deliver solid gains in 2026 and beyond. It produces dry transformers, power quality systems and magnetic components, benefiting from the rising demand for electricity and the expansion of AI infrastructure.

Hammond Power is likely to benefit from robust demand driven by renewable energy, grid modernization and critical infrastructure, which should support a healthy order pipeline. The order book increased by 22.4% year-on-year in the third quarter (Q3), providing solid revenue visibility for the coming quarters.

Looking ahead, increasing demand from data center customers will likely support growth. The company picked up significant orders shortly after the end of the third quarter, with shipments largely scheduled for 2026.

Hammond is using both organic expansion and acquisitions to strengthen its footprint and accelerate growth. The company recently announced the acquisition of AEG Power Solutions, which is likely to increase its exposure to industrial power electronics and strengthen its presence in the infrastructure and energy transition markets. The transaction will also expand Hammond’s customer base and geographic reach.

With continued electrification, digital infrastructure expansion and rising energy consumption as structural tailwinds, Hammond Power Solutions appears well positioned to translate sector growth into solid shareholder returns.