12 Stocks Under $10 With High Upside Potential

9. Sasol Limited (NYSE:SSL)

Share Price: $4.17

No. of Hedge Fund Holders: 11

Analyst Upside Potential: 84.88%

Sasol Limited (NYSE:SSL) is an integrated energy and chemical company. The company’s operations span across coal mining, natural gas, oil, gas stations, and chemicals. Sasol has a significant global footprint across 30 countries.

The company improved FCF by more than 80% in Q2 FY2025 despite macroeconomic headwinds. Sasol has also completed repairs at the Natref refinery, bringing it back online. Natref will add to the company’s revenue in the remaining half of fiscal year 2025. Recently, the company signed a Joint Development Agreement (JDA), with Anglo American, a global mining company, and De Beers, a leading diamond firm, to pilot the production of feedstock for renewable diesel. This JDA will focus on Solaris and Moringa plantations to generate vegetable oil while assessing the technical and commercial viability of feedstock production. Sasol’s existing assets can take a variety of feedstocks, allowing the company to produce renewable diesel at lower costs.

In the Q2 FY2025, Sasol Limited’s (NYSE:SSL) saleable production in mining remained consistent with the previous quarter, while the production during the first half of FY2025 was 1% lower from a year ago. The company has also experienced significant progress in its International Chemicals segment, with an 80% increase in adjusted EBITDA. If the prices of its key commodities rise once again, SSL could potentially improve its financial fortunes.