These 5 ‘Strong Buy’ Stocks Trading Under $10 Are Well Known and Have Big Upside Potential

Babcock & Wilcox Enterprises

This small-cap industrial stock has been trending higher. Babcock & Wilcox Enterprises Inc. (NYSE: BW) provides energy and emissions control solutions to a range of industrial, electrical utility, municipal and other customers worldwide.

Its Renewable segment offers technologies for waste-to-energy, solar construction and installation, and biomass energy systems, as well as black liquor systems for the pulp and paper industry. This segment provides technology support solutions for diverting waste from landfills to use for power generation and replacing fossil fuels while recovering metals and reducing emissions.

The Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control and mercury control.

The Thermal segment offers steam generation equipment; aftermarket parts; and construction, maintenance and field services for plants in the power generation, oil and gas, and industrial industries. This segment has installed equipment for utilities and general industrial applications, including refining, petrochemical, food processing and metals.

Craig Hallum recently started coverage and has an $11 price target. The consensus target is $10.90. The stock traded on Friday at $7.20.

Blue Apron

After a hot initial public offering, this stock traded sideways for years and may be ready to breakout. Blue Apron Holdings Inc. (NASDAQ: APRN) operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients.

The company also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items and other products. The company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. It serves young couples, families, singles and empty nesters. The company offers its services through order selections on websites or mobile applications primarily in the United States.

Last month, the company announced the launch of a new offering on Walmart.com, where consumers can purchase a selection of meal kits without a subscription, from classic menu items to family favorite recipes. Blue Apron is the first and only meal-kit provider on the Walmart Marketplace platform, which serves millions of monthly active shoppers.

Benchmark started coverage of Blue Apron stock this week. Its $10 target price compares with a $9.33 consensus target and a share price on Friday of $3.10.

Ericsson

This well-known Swedish telecom and technology equipment stock has some serious upside potential. Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) provides communication infrastructure, services and software solutions to the telecom and other industries. It operates through the following four segments.

The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides integrated antenna and transport solutions; and a range of service portfolio covering network deployment and support.

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