10 Best Low Priced Growth Stocks To Invest In

4. Cleveland-Cliffs Inc. (NYSE:CLF)

Revenue CAGR last 5 years: 90.00%

Stock price as of April 7^th close: $7.34

Number of Hedge Fund Holders: 49

Cleveland-Cliffs Inc. (NYSE:CLF) is a vertically integrated steel manufacturer and iron ore producer, primarily serving the North American metals market. The company operates across the entire steel production value chain, from mining iron ore and producing iron ore pellets to manufacturing flat-rolled steel, including hot-rolled, cold-rolled, coated, stainless, electrical, and specialty steel products. Its products are predominantly used by automotive manufacturers, construction firms, appliance makers, and other industrial sectors that rely on metal sourcing for their operations. CLF ranked 1^st on our recent list of 12 Stocks That Are About to Explode.

Cleveland-Cliffs Inc. (NYSE:CLF) faced challenging market conditions in 2024, with steel demand at its weakest level since 2010, outside of the COVID pandemic period. The company experienced particularly weak demand from the automotive sector, lagging construction activity, and reduced industrial production in the second half of 2024, leading to the idling of its C6 blast furnace. However, the company’s order book has shown substantial improvement in the recent quarter, with hot-rolled steel lead times extending from 3 weeks to 7 weeks, indicating the strongest position in nearly a year.

Cleveland-Cliffs Inc. (NYSE:CLF)’s strategic acquisition of Stelco has been progressing smoothly, with expected synergies of $120 million to be achieved by the end of 2025. CLF is well-positioned to benefit from recent trade policy changes, including the implementation of 25% tariffs on steel imports from all countries. The company expects improved performance in 2025, driven by stronger automotive demand, better pricing, and cost reductions of approximately $40 per net ton with Stelco in the mix. Management has prioritized debt reduction and will use 100% of free cash flow toward this goal until reaching their target leverage ratio. We include CLF on our list of best low priced stocks to invest in as it demonstrates the potential to withstand any economic turmoil arising from tariffs and from a potential recession in the US.