Investing
5 Buy-Rated Stocks Trading Under $10 With Incredible Upside Potential
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While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it is difficult to get any decent share count leverage.
Many investors, especially more aggressive traders, look at lower-priced stocks as a way not only to make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.
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We screened our 24/7 Wall St. research database looking for smaller cap companies that could very well offer patient investors some huge returns for the rest of 2022 and beyond. Skeptics of low-priced shares should remember that at one point both Amazon and Apple traded in the single digits. One stock we featured over the years, Zynga, recently was purchased by Take-Two Interactive.
While all five stocks are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
B2Gold
This is a small-cap gold stock for aggressive investors looking for sector exposure. B2Gold Corp. (NYSE: BTG) is a global, growth-oriented mid-tier gold producer whose primary assets include gold mines located in Nicaragua (La Libertad and El Limon), the Philippines (Masbate) and Namibia (Otjikoto) and Mali (Fekola).
During the third quarter, the company recorded consolidated gold production of 295,723 ounces, up 19% year over year on solid performance across three of its operating mines. B2Gold increased throughput at the Fekola mill and completed the significant waste stripping campaigns at both Fekola and Otjikoto mines. Those mines achieved record quarterly gold production in the third quarter of 2021.
B2Gold stock investors receive a 3.98% dividend. BofA Securities has a price target of $5.85, in line with the $5.87 consensus target. The stock last traded on Friday at $4.08.
24/7 Wall St.Clean Energy Fuels
This stock looks to be breaking a long-term downtrend line, which bodes well for the shares. Clean Energy Fuels Corp. (NASDAQ: CLNE) provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada.
The company supplies renewable natural gas (RNG), compressed natural gas (CNG) and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles, and it offers operation and maintenance services for public and private vehicle fleet customer stations.
Clean Energy Fuels also designs, builds, operates and maintains fueling stations. It sells and services compressors and other equipment that are used in fueling stations, and it provides assessment, design and modification solutions to offer operators with code-compliant service and maintenance facilities for natural gas vehicle fleets.
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In addition, the company transports and sells CNG and LNG through virtual natural gas pipelines and interconnects; procures and sells RNG; sells tradable credits, such as RNG and conventional natural gas as a vehicle fuel comprising Renewable Identification Numbers and Low Carbon Fuel Standards credits; enables its customers to acquire and finance natural gas vehicles; and obtains federal, state and local credits, grants and incentives.
Evercore ISI’s $11 price target for Clean Energy Fuels stock is lower than the $13.21 consensus target. On Friday shares closed trading at $6.95 apiece up almost 7%.
Helix Energy Solutions
This is an oil industry services stock that holds solid value at current trading levels. Helix Energy Solutions Group Inc. (NYSE: HLX) is an offshore energy services company that provides specialty services to the industry, primarily in Brazil, the Gulf of Mexico, the North Sea and the Asia Pacific and West Africa regions.
The company engineers, manages and conducts well intervention operations that include production enhancement and abandonment and construction in water depths ranging from 200 to 10,000 feet. It offers remotely operated vehicles, trenchers and drills for offshore construction and well intervention services. It also provides intervention engineering; inspection, repair and maintenance of production structures, trees, jumpers, risers, pipelines, subsea equipment and related support services. In addition, the company offers reclamation and remediation services, well plug and abandonment services, pipeline abandonment services and site inspections.
Helix Energy also engages in the installation of flowlines, control umbilicals and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing and inspection activities; and provision of cable and umbilical lay and connection services. Additionally, the company offers oil and natural gas processing facilities and services to oil and gas companies, as well as a fast response system. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies and offshore engineering and construction firms.
The $5.60 Piper Sandler price target compares with the $5.48 consensus target for Helix Energy Solutions stock. The shares last traded at $3.88 on Friday.
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