It's hard to believe there are stocks in this market that are tripling or quadrupling in value, at a time when the broad market is literally in a stall for the year. The popular SPDR S&P 500 ETF (NYSE:SPY), a reliable proxy for the underlying index, has now eked out less then 1% rise year to date. To talk about gains of 600%, 700% and more seems ludicrous.

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Yet here they are: one small-, one medium- and one large-cap issue that have put big smiles on their shareholders faces this last year, soaring by at least 600% over that time frame.

Acquisition Master
Shares in Miller Petroleum, Inc. (Nasdaq:MILL) have been rising convincingly for a year now, from a penny-stock nobody trading for 25 cents to a recent close at $4.80. That's a 52 week gain of 1,820%! Compared to the broader energy sector, represented by the iShares Dow Jones Energy Sector ETF (NYSE:IYE), that's a phenomenal gain. IYE is up a mere 6.7% over the same period.

The company's stock has been rising since the New Year on a successful string of profitable acquisitions, including $300 million in Alaskan oil and gas assets from now bankrupt Pacific Energy Resources. That includes 5.6 million proven barrels of oil and 3.7 BCF of natural gas.

The company's shares were recently listed on the Nasdaq. They trade at half the company's breakup value (price/book is 0.56), and with a very low trailing P/E ratio of just 0.51. (For more on breakup values, take a look at Use Breakup Value To Find Undervalued Companies.)

Telecom - Gas Connection
IDT Corporation (NYSE:IDT) is a telecommunications firm with a significant investment in a number of oil and gas properties in Colorado. And it's this investment that has been responsible for the company's extraordinary market success in the last year. IDT stock is up 600% since last August, and trades with a P/E of 13.3. The company is 31% institutionally owned and possesses a market cap of about $420 million.

Power-One, Inc. (Nasdaq:PWER) is in the business of manufacturing and marketing power conversion systems to a broad range of business sectors. The company's shares have increased in value by nearly 850% in the last twelve months, largely as result of stronger demand for its products.

Power-One shares trade with no dividend and a market cap of about $1.13 billion.

The Bottom Line
The market is rewarding companies that have something genuinely profitable on offer, whether that be a new product or a potential gusher of an oil well. Once the bull resumes course, look for these three names to rocket even higher.

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Tickers in this Article: MILL, IDT, PWER, IYE, SPY

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