11 Best Hot Stocks to Buy According to Wall Street Analysts

Page 3 of 10

8. Globalstar Inc. (NASDAQ:GSAT)

Gain Over the Past 1 Month: 27.01%

Number of Hedge Fund Holders: 18

Average Upside Potential as of July 3: 110.67%

Globalstar Inc. (NASDAQ:GSAT) is one of the best hot stocks to buy according to Wall Street analysts. On June 30, Globalstar announced the successful installation of Clifton-8. This 6-meter tracking antenna is the first dedicated to Globalstar’s upcoming C-3 mobile satellite system. It marked the official commencement of a significant global expansion of the company’s ground infrastructure for its new Extended Mobile Satellite Services/MSS Network.

The initial installation took place at Globalstar’s largest and longest-operating ground station in Clifton, Texas. The site has been providing continuous service for over 2 decades and plays a crucial role in supporting satellite coverage across the continental US, Mexico, and Canada. Clifton-8 is the eighth tracking antenna installed at this particular station and is the first of 5 new antennas planned for the Clifton facility to specifically support the C-3 system.

The installation of Clifton-8 is the initial step in a broader and months-long process. Globalstar plans to deploy 90+ new antennas across ~35 ground stations located in 25 countries and territories worldwide. This initiative involves both upgrades to existing ground stations and the construction of new facilities.

Globalstar Inc. (NASDAQ:GSAT) provides mobile satellite services in the US, Canada, Europe, Central and South America, and internationally.

Page 3 of 10