11 Best Breakout Stocks to Buy According to Analysts

8. The Chemours Company (NYSE:CC)

Stock Upside Potential as of May 2: 60.66%

Number of Hedge Fund Holders: 40

The Chemours Company (NYSE:CC) is a basic materials company that provides performance chemicals. It provides refrigerants, thermal management solutions, propellants, foam-blowing agents, and specialty solvents under the Freon and Opteon brand names. While the stock is down by about 26% year-to-date, Truist Securities insists it is a strong buy despite cutting the price target to $22 from $27.

The bullish stance stems from the company delivering impressive financial results affirming underlying growth. The Chemours Company (NYSE:CC) achieved record fourth-quarter revenue of $1.4 billion, driven by a 23% increase in the Opteon Refrigerants unit. In addition, it bounced back to profitability with a net income of $86 million or $0.57 a share compared to a net loss of $238 million or $1.60 per diluted share a year ago.

The Chemours Company (NYSE:CC) is well-positioned to deliver solid financial results in 2025, driven by double-digit growth in Opteon Refrigerants. Consequently, it is on course to deliver adjusted earnings of between $825 million and $975 million, with operating cash flow also expected to improve. It should also continue rewarding income-focused investors, going by its 8.08% dividend yield.