12 Stocks Under $10 With High Upside Potential

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

Share Price: $4.71

No. of Hedge Fund Holders: 14

Analyst Upside Potential: 134.08%

Cosan S.A. (NYSE:CSAN) is a Brazilian company that operates in various sectors, including logistics, fuel distribution, natural gas, and lubricants. The company controls logistics firm Rumo, lubricants company Moove, and natural gas firm Compass and shares control of Raizen with Shell.

Cosan S.A. (NYSE:CSAN) posted mixed results during Q4 2024. The company reported an EBITDA of approximately BRL 30 billion or $5.1 billion. Despite the positive EBITDA, Cosan recorded a negative earnings of BRL 900 million for 2024. The company pointed out that the depreciation of the Brazilian Real and the devaluation of its shares were the main causes of the mixed financial performance. In January 2025, the company sold nearly 173 million shares of its stake in Vale, cutting the stake by 4.05%. The sale of Vale shares has reduced Cosan’s debt by 40%. The company’s aim behind this move was to optimize its capital structure.

Cosan S.A. (NYSE:CSAN) made some notable developments in 2024, with Rumo posting record-level transportation volume, indicating the quality of the asset and execution capabilities. Compass cited growth in distributed natural gas volumes and ramped up Edge operations, reflecting positive prospects. Moove also increased revenues despite lower volumes sold, showing effective supply management and operational efficiency.

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