The Toronto Stock Exchange is showing strong performance in 2024, surpassing the previous year's returns and potentially heading for back-to-back wins. Despite positive gains in most sectors, some stocks like Ballard Power Systems, Coveo Solutions, and Algonquin Power & Utilities are currently trading at significant discounts, presenting an opportunity for bargain hunters. Ballard Power Systems, a prominent industrial stock known for its PEM fuel cell products, has seen its share price decline by 51.73% year-to-date. The company is waiting for widespread hydrogen infrastructure installation to drive growth. Coveo Solutions, a tech company offering AI-driven search software, is down 36.46% year-to-date. Despite this, its AI platform has the potential to turn things around, with positive business momentum projected for fiscal 2025. Algonquin Power & Utilities, a regulated utility company, is focusing on regulated services and renewable energy. The company's stock is currently at a discount, offering a 4.87% dividend yield. The CEO's strategy includes becoming a pure-play regulated utility to enhance earnings quality. These stocks are seen as good entry points for investors, especially those with a higher risk appetite. While there are temporary weaknesses in the companies, their innovative products and strategic plans could lead to positive growth and returns in the future.