10 Best Affordable Stocks Under $5 to Buy Now

5. Sasol Limited (NYSE:SSL)

Number of Hedge Fund Holdings: 14

Forward P/E Ratio as of January 24: 7.81

Earnings Growth This Year: 18.62%

Stock Price as of January 24: $4.80

Sasol Limited (NYSE:SSL) is a South African energy and chemical company with a significant global footprint across 30 countries. The company is engaged in the production and marketing of chemicals, fuels, and other related products.

Sasol Limited (NYSE:SSL) is actively exploring opportunities for diversification and expansion to ensure sustained growth and competitiveness. The company is making significant investments in emerging sectors, such as renewable energy and sustainable aviation fuels. The company is developing an innovative sustainable aviation fuel in a joint venture with Topsoe, which is expected to meet the rising global demand for cleaner energy solutions. The company is also targeting market expansion in regions such as Africa and Asia, where the demand for energy and chemicals is increasing rapidly.

Additionally, Sasol Limited (NYSE:SSL) is heavily investing in research and development (R&D) to develop new technologies and processes that can reduce costs, enhance operational efficiency, and bolster its competitive edge. By partnering with other companies and organizations, Sasol Limited (NYSE:SSL) is leveraging external expertise to accelerate technological advancements. In its chemicals division, for example, the company collaborates with industry partners to develop advanced catalysts and innovative processes aimed at improving efficiency and sustainability across its operations.