5 Best-Performing Small-Cap Stocks of 2022

In this article, we discuss 5 best-performing small-cap stocks of 2022. If you want to see more stocks in this selection, check out 10 Best-Performing Small-Cap Stocks of 2022. 

5. NextDecade Corporation (NASDAQ:NEXT)

Number of Hedge Fund Holders: 8

YTD Share Price Gain as of October 3: 118.17%

NextDecade Corporation (NASDAQ:NEXT) is a Texas-based company engaged in the liquefaction and sale of liquefied natural gas, as well as capture and storage of carbon dioxide emissions. On September 15, NextDecade Corporation (NASDAQ:NEXT) announced that it will sell $85 million of its common stock to 10 institutional investors. Each share was priced at $5.50 per share and the company will use the proceeds to continue development activity on the first three trains at its Rio Grande LNG project. The private placement was closed on September 19, 2022.

Stifel analyst Benjamin Nolan on July 28 upgraded NextDecade Corporation (NASDAQ:NEXT) to Hold from Sell with a price target of $6, up from $4.50, after the company announced a new 1 million ton contract with Exxon Mobil Corporation (NYSE:XOM), which marks the fifth new long-term sale and purchase agreement signed in 2022.

Among the hedge funds tracked by Insider Monkey, NextDecade Corporation (NASDAQ:NEXT) was part of 8 hedge fund portfolios at the end of Q2 2022, compared to 14 funds in the last quarter. James Dinan’s York Capital Management is the largest stakeholder of the company, with 57.3 million shares worth $254.5 million.