5 Sizzling Well-Known Buy-Rated Stocks Under $10 Could Explode Higher in October

Peloton also provides connected fitness subscriptions for various household users and access to various live and on-demand classes. Its Peloton Digital app for connected fitness subscribers provides access to its classes. As of June 30, 2022, it had approximately 6.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and online.

The company announced last November a partnership with Dick’s Sporting Goods to sell their exercise bikes through the retail giant. Peloton’s exercise hardware (minus its new rowing machine) is available for sale at 100 Dick’s Sporting Goods locations.

Deutsche Bank has set its target price at $13, while the consensus target is just $8.05. Peloton Interactive stock traded on Friday at $4.50.

Plug Power

This company is poised to be a huge winner in the fuel cell battle for electric vehicles (EVs). Plug Power Inc. (NASDAQ: PLUG) delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road EVs, the stationary power market and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation and dispensing infrastructure.

The company offers the following:

  • GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material-handling electric vehicles
  • GenFuel, a liquid hydrogen fueling delivery, generation, storage and dispensing system
  • GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors
  • GenKey, an integrated turn-key solution for transitioning to fuel cell power
  • ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; liquefaction systems; and electrolyzers that are hydrogen generators optimized for clean hydrogen production
  • GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive and GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products and ProGen fuel cell engines

Plug Power stock has a $14 target price at Susquehanna. The consensus target is up at $17.93. On Friday, shares traded at $7.55.

These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.

Originally published at 24/7 Wall St.

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