12 Stocks That Will Double in 2025

Page 9 of 11

3. Cosan S.A. (NYSE:CSAN)

Analyst Upside as of January 29, 2025: 161%

Number of Hedge Fund Holders: 11

Cosan S.A. (NYSE:CSAN) is a natural gas distribution company that produces bioethanol, sugar, and energy. The company’s portfolio consists of 35 bioenergy parks, 14km of railway lines, 306 million hectares of land across 8 states, and a 25 million kilometers gas distribution network. CSAN also has a production capability of 3 billion liters of ethanol and a crushing capacity of 105 million tonnes of sugarcane across its 35 bioenergy complexes. The company is among the largest fuel distributors of fuel and producers of ethanol in Brazil.

Over the past few months, the company has shown incredible resilience against uncertain macroeconomic conditions, generating R$293 million in net income in the third quarter of 2024. To tackle market volatility and high future interest rates, the company has shifted its focus on managing its debt effectively and prioritizing strategic projects. To manage and reduce its gross debt, Cosan S.A. (NYSE:CSAN) eliminated amortization between 2024 and 2026. The company ended the quarter with results in line with its plans for the fiscal year and is actively implementing strategies to improve its financial position in 2025, explaining why analysts are bullish on the stock. Analysts’ median price target of $13.55 represents an upside of 161% from current levels.

Page 9 of 11