10 Overlooked Growth Stocks to Buy Now

7. Calumet Inc. (NASDAQ:CLMT)

Calumet Inc. (NASDAQ:CLMT) is one of the overlooked growth stocks to buy now. On March 17, Calumet closed a private placement of $150 million in additional 9.75% Senior Notes due 2031. These Additional Notes were issued at 105% of their par value, resulting in net proceeds of ~$154.9 million after accounting for discounts and expenses. This offering serves as an extension of the $405 million in existing notes issued earlier in January, forming a single series with identical terms.

The company intends to use the capital to immediately repay outstanding borrowings under its revolving credit facility. CFO David Lunin noted that this move provides Calumet with increased financial flexibility to navigate a volatile but profitable commodity market. Long-term, the company expects to use the resulting liquidity to reduce its 2028 notes once the call premium decreases in July, further optimizing its debt profile.

Strategically, the transaction follows a year of strong operational performance in 2025. Calumet Inc. (NASDAQ:CLMT) remains focused on generating robust cash flow and advancing the MaxSAF 150 expansion at its Montana Renewables facility. By reducing its immediate revolver debt, the company aims to maintain a disciplined balance sheet while continuing to unlock value from its specialty products and renewable fuel segments.

Calumet Inc. (NASDAQ:CLMT) is a speciality chemicals company that operates through the Specialty Products & Solutions, Performance Brands, and Montana/Renewables segments. It manufactures, formulates, and markets a slate of specialty branded products and renewable fuels.