10 Small-Cap Stocks That Are On Fire Right Now

7. Cardinal Infrastructure Group (NASDAQ:CDNL)

Year-to-Date Performance: 102.34%

Cardinal Infrastructure Group (NASDAQ:CDNL) is one of the small-cap stocks that are on fire right now. On April 9, Cardinal Infrastructure secured a $24 million contract for the initial phase of a large-scale, multi-phase data center campus development. This project marks the first mission-critical data center award in the company’s history, signaling a move into high-growth technology infrastructure. Work is scheduled to commence in Q2 2026, with substantial completion targeted for 2027.

Under the terms of the agreement, Cardinal Infrastructure will self-perform the entire civil infrastructure scope for the site. Responsibilities include earthwork, erosion and sediment control, wet utilities installation, and stormwater management, as well as final paving and surface improvements. The contract highlights the company’s ability to meet the rigorous technical standards and aggressive timelines required by major technology clients.

CEO Jeremy Spivey noted that this award is a key milestone in Cardinal Infrastructure’s broader growth strategy to diversify its end markets. By expanding into the technology sector, the company aims to use its large-scale site work expertise to deliver long-term value for shareholders. This pivot into complex data center infrastructure positions Cardinal Infrastructure Group (NASDAQ:CDNL) to compete for more sophisticated projects within the digital economy.

Cardinal Infrastructure Group (NASDAQ:CDNL) is a full-service civil contracting firm providing site development and utility services across the southeastern US. The company specializes in grading, paving, and water/sewer installations for residential, commercial, and municipal projects.