5 Best Small Cap Stocks to Buy for 10x Potential

2. ProPetro Holding Corp. (NYSE:PUMP)

Number of Hedge Fund Holders: 44

ProPetro Holding Corp. (NYSE:PUMP) is one of the best small cap stocks to buy for 10x potential. On May 7, Barclays upgraded ProPetro Holding Corp. (NYSE:PUMP) to Overweight from Equal Weight. The rating update came after the company reported its fiscal Q1 2026 financial results, with total revenue coming up to $271 million for the quarter, down 7% as compared to $290 million for the previous quarter. Net loss was $4 million ($0.03 loss per diluted share) as compared to a net income of $1 million in the prior quarter ($0.01 income per diluted share).

The company further reported adjusted EBITDA of $36 million, which was 13% of revenue and decreased 29% as compared to the previous quarter. Capital expenditures paid were $43 million, while capital expenditures incurred were $85 million.

ProPetro Holding Corp. (NYSE:PUMP) also announced that it entered into a strategic framework agreement with Caterpillar Inc., securing access to up to 2.1 additional gigawatts of power generation capacity over the next five years. The agreement bolsters long-term supply visibility while supporting PROPWR’s continued growth, with the company now positioned to have approximately 2.6 gigawatts of power generation capacity delivered by year-end 2031.

ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services company that provides hydraulic fracturing and other complementary services. Its operations are divided into the following segments: Hydraulic Fracturing, Wireline, Cementing, and Power Generation.