3 Stocks Under $10 to Buy Right Now

3 Stocks Under $10 to Buy Right Now

Some of the greatest investment opportunities can be found in beaten-down, ignored stocks trading under $10.

Especially those with solid long-term growth and strong fundamentals.
Their low price increases the chances of a big percentage return as
investors and institutions pile in.

  • Look at Advanced Micro Devices (AMD), for example. At one point, it was left for dead at $8 a share. It’s traded as high as $227, turning every dollar invested into $28!
  • Ford Motors (F) was written off as a $5 stock. That was before shares ran higher and topped $12.
  • Digital Turbine (APPS) ran from about $1.20 to $82 in just two years,turning every $1,000 invested into over $68,000!

While some may claim that sub-$10 stocks are “there for a reason” and
“should be avoided at all costs,” that’s not necessarily sound advice.

A $10 stock may be over or under-valued, just as a $100 or $1,000 stock. It
depends on its growth potential, its industry cycle if it has one, and its
overall valuation.

So, with a little digging, you may just uncover the next Advanced Micro
Devices, Ford Motors, or Digital Turbine.

In fact, here are three hot opportunities trading under $10, we believe are
going to trend higher.

Opportunity No. 1 – Uranium Energy Corp (UEC)

The artificial intelligence boom since late 2022 has been big for companies
that produce high-powered semiconductor chips.

But that’s really just a fraction of the story. Building out new AI models and
tools takes a lot of processing power – but also a significant amount of
baseload electricity. Generative AI uses anywhere from 10 to 30 times as
much electricity compared to running a query through a search engine.

That’s why many big tech companies are embracing nuclear power. Some
high-profile deals have been inked to use nuclear energy already, and the
power source is clean burning without the downside of burning fossil fuels.
Some countries have even called for tripling their nuclear energy capacity
in the coming years.

And the key to running nuclear power plants? Uranium.

Uranium can be used to create tremendous amounts of power. And it’s no
surprise that as interest in nuclear energy has increased, so have uranium
prices.

That bodes well for producers of explorers such as Uranium Energy Corp.
UEC has a large and diversified portfolio of uranium properties, located
largely in North America. They’re capable of producing over 12 million
pounds of uranium per year, and have over 1.1 million pounds in inventory.

UEC is geared up to meet soaring electricity demand, which could double
from 2024 levels by 2028. And with their U.S.-heavy production, they’re
positioned well to benefit from the rising demand for uranium in the years
ahead.

Opportunity No. 2 — Bit Digital(BTBT)

Cryptocurrencies are known for moving in cycles. They typically center
around the bitcoin halving, when the reward for mining bitcoin is cut in half.
Following a halving, bitcoin prices tend to soar higher. And as they go
higher, so do other cryptocurrencies.

The most recent halving occurred in early 2024. If prior cycles play out,
crypto should perform well into late 2025.

As the price of bitcoin soars, bitcoin mining companies become more
profitable. That could bode well for companies such as Bit Digital, which
mines bitcoin and also provides digital currency management services.

In addition to digital mining services, Bit Digital has expanded into
providing high performance computing services for AI workstations. That
places them at the intersection of two large and growing trends. And with
their ability to build customized data centers, Bit Digital has a strong niche
in a fast-growing industry.

With bitcoin prices rising, Bit Digtial is also seeing its earnings surge. That
should allow it to benefit from rising cryptocurrency prices and soar higher
amid the latest bitcoin boom.

And with strong earnings, a low-priced stock like Bit Digital could move
faster than bitcoin prices during a market rally, making it an ideal way to
trade the strength of the crypto market with less daily volatility than bitcoin
or other cryptocurrencies themselves.

Opportunity No.3 – Plug Power(PLUG)

The electric vehicle revolution has hit a few speed bumps. Just as these cars
were becoming affordable and easy to manufacture, consumers have slowed
their spending on cars.

Plus, customers have learned that EVs require readily-available charging
and fast-charging needs. The first growth spurt of EV adoption occurred
more quickly than the existing power infrastructure could adapt.

In a way, that’s good news. It gives investors an opportunity to buy into the
long-term growth of the EV market during a time of fear. That provides a
much better value.

One value today is Plug Power (PLUG).

They manufacture hydrogen and fuel cells for EVs, as well as backup power
solutions for the power grid.

As with other EV names, shares have been out of favor. The company has
adjusted to the reality of the EV market, which makes it a potential big
winner from here.

Plug Power has made improvements in its hydrogen generation buildout.
Plus, Plug has signed a number of deals to power cryogenic equipment.

Most tech trends go through an initial burst of optimism before the longer-
term playout of the trend takes place. For EV and alternative energy
sources, investors are past that first burst.

But as Plug Power continues to deliver on its ability to create alternative
energy solutions, it can become a sizeable industry player and reward
investors who pick up shares at a bargain price today.

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