15 Most Promising Small-Cap Industrial Stocks Under $10

13. TIC Solutions Inc. (NYSE:TIC)

TIC Solutions Inc. (NYSE:TIC) is one of the 15 most promising small-cap industrial stocks under $10.

On June 1, TIC Solutions Inc. (NYSE:TIC) announced that the repricing of about $1.6 billion worth of First Lien Term Loan had been completed. A 25-basis-point cut in the appropriate margin was included in the loan’s repricing to SOFR + 250 basis points. All other significant elements of the credit arrangement have not been altered, and the maturity date is still July 30, 2031.

Back on May 8, Roth Capital updated its outlook for TIC Solutions Inc. (NYSE:TIC) based on the company’s first quarter results, which projected a mixed setup compared to consensus expectations. The firm kept its Buy rating on the shares but changed the price target from $10 up to $11.50.

The firm noted a favorable landscape across the consulting engineering space. It particularly highlighted the Geospatial segment, which carries significant potential for acceleration. The firm also anticipated a lucrative combined potential for Inspection and Mitigation (I&M) businesses, and has projected modest expansion to occur somewhere during the tail end of the year.

TIC Solutions Inc. (NYSE:TIC) performs critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services and various non-destructive testing (NDT) techniques. It also provides market rope access technician solutions, TICC services, and geospatial services. The company serves industrial markets such as the pipeline, chemical, paper, and mining industries.