Let’s take a look at Plug Power (PLUG).

If you watch the FOX Business Network, you probably have heard me talk about this one a lot, particularly on Varney & Co. There is a lot of action in this fuel-cell space. Again, you’re talking industry and governments. They continue to be really big pushers behind alternative energy sources.

News came out this week that China would make 30% of all its new government vehicles electric – well, that sparked even more excitement in this space.

Also this week, FBR Capital Markets started covering the stock with an "outperform" rating and a price target of $8. I've always liked the stock. It's a classic momentum name, and in part because of the limited coverage by larger Wall Street firms.

Last year, the ball got rolling in May with a million-dollar backlog. Then, from May to October, another $11 million -- and from October to December another $17.8 million. Most of these contracts cover five years, and now management can boast of major food companies including Sysco (SYY) and Kroger (KR), retailers including Walmart (WMT) and Lowes (LOW) and automakers including Mercedes and BMW, whose Spartanburg, South Carolina plant has more than 300 fuel-cell vehicles. 

The stock should remain volatile, but I agree it could be an $8.00 stock sooner than later.

And now let’s look at W.R. Berkley Corporation (WRB).

It is a defensive play, but long term this thing has been a juggernaut. 

It’s really not well known, but this commercial property casualty insurance company has been around since 1967, when a couple of buddies at Harvard through-in together $2,500. The return on equity from 2003 to June of this year has crushed all of its larger, better-known rivals.

The company operates in three segments: domestic insurance, international insurance and global reinsurance.

It's a very well-run business that over the years, when the industry got hit really hard by catastrophe, saw no loss -- and sometimes even had a surplus.

For example, after Super Storm Sandy the industry lost on average 4.3%, while W.R. Berkley had a surplus of almost 1%.

Katrina - the industry lost 13.8% -- WRB saw a surplus of almost 1%.

That execution, in fact, has gotten even better. There have really been no major casualties or calamities recently, so it’s helped a lot. 

In the past four quarters, management posted results that beat the Street by 3%, 4%, 10% -- and more recently 27%. Consequently, fiscal year 2015 consensus has climbed, now the Street is looking for $3.87, a couple of months ago it was $3.57.

You want to sleep at night?  You’re a little worried about volatility? This stock is changing hands at one times book, and less than 1 times sales, and PE ratio of just 12.

Management recently hiked the annual dividend, so now you’re going to get paid $0.44 to hide out, if that’s what you’re going to do. But if history is any indication,  you could also get paid big time with this if you have some patience.

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Charles Payne is the host of Making Money with Charles Payne (weekdays 6-7 PM/ET). Click here to see more from Charles Payne.