15 Most Promising Small-Cap Industrial Stocks Under $10

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9. Satellogic Inc. (NASDAQ:SATL)

Active pursuit of strategic opportunities makes Satellogic Inc. (NASDAQ:SATL) one of the 15 most promising small-cap industrial stocks under $10. Their recent contract wins make for a highly captivating investment case.

On May 26, a multinational defense client awarded a 1-year contract worth over $18 million to Satellogic Inc. (NASDAQ:SATL) for persistent Earth observation imagery involving high frequencies.

The arrangement illustrates both the urgency of client demand and also the urgency of the company’s operational capacity, since it signifies a swift growth from a preliminary trial to complete rollout in less than six months.

Later on May 27, Roth Capital maintained its Buy rating on Satellogic Inc. (NASDAQ:SATL), while adjusting the price target from $10 up to $15. The revision now leads to almost 133% upside potential at the current level.

The firm noted that due to the latest international defense customer contract, the existing backlog is experiencing an incremental boost. It also reflected an increased confidence in the company’s earth observation capabilities, which has garnered attention from foreign governments. Roth Capital believes that this could potentially be a leading factor to drive consistent growth for the business.

Satellogic Inc. (NASDAQ:SATL) is a designer and operator of satellite systems to serve commercial entities, governments, and local bodies. The company offers space system solutions and decision-useful geospatial data and insights that help in navigating global issues such as climate change, food security, and energy supply.

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