10 Stocks Under $10 Billion Market Cap Worth Keeping an Eye On

Author: @JasonL_Capital (Jason Luongo) Date: Jun 15, 2026 URL: https://x.com/JasonL_Capital/status/2066503998614434175 Engagement: 155.9K Views · 23 Replies · 84 Reposts · 531 Likes · 1,059 Bookmarks

Full Thread Content

10 stocks under $10 billion market cap worth keeping an eye on:

1. $PENG - Penguin Solutions

AI-optimized memory solutions and enterprise infrastructure. Their MemoryAI CXL-based server adds up to 11TB of memory for AI inference workloads. 7 new AI/HPC customer logos in H1. Raised full-year guidance to 12% net sales growth, up from 6%.

2. $OSS - One Stop Systems

Builds rugged AI edge computing systems for defense and autonomous applications. Q1 revenue $8.1M, up 55% YoY. Their Rigel Edge Supercomputer puts data-center-grade AI processing into helicopters and mobile command centers. Guiding for 20-25% revenue growth and positive EBITDA in 2026.

3. $TE - T1 Energy

U.S. domestic solar module manufacturer operating a 5GW facility in Dallas. Q1 revenue $177.7M, up 232% YoY. Just hit their first profitable quarter with $9.1M in adjusted EBITDA. G2 Austin solar cell plant targeting first production Q4 2026 - making them a fully vertically integrated U.S. solar manufacturer.

4. $UUUU - Energy Fuels

The largest U.S. uranium producer. Q1 revenue $35.7M, up 112% YoY. Delivered 510,000 lbs of uranium concentrate at $70.04/lb. Went from zero uranium revenue in Q1 2025 to $35.7M in Q1 2026. Also produces rare earth elements and vanadium from its White Mesa Mill in Utah.

5. $ONDS - Ondas Holdings

Autonomous drone systems and wireless infrastructure for defense. Q1 revenue $50.1M, up over 1,000% YoY. That single quarter roughly equaled all of full-year 2025 revenue. Pro forma backlog exceeds $450M following the Mistral acquisition. Raised FY2026 guidance to $390M+.

6. $AXTI - AXT Inc

Manufactures the compound semiconductor substrates used in optical transceivers for AI data centers. Q1 revenue $26.9M, up 39% YoY. Indium phosphide backlog surpassed $100M - they're doubling InP capacity to meet it. Gross margin swung from negative 6.4% to 29.6% in four quarters.

7. $KEEL - Keel Infrastructure

Formerly Bitfarms. Rebranded and redomiciled to the U.S. in April 2026 to pivot from Bitcoin mining to AI data center infrastructure. 2.2GW power pipeline across Pennsylvania, Washington, and Quebec. $533M in liquidity including $197M in unencumbered Bitcoin. Exited all Latin American operations.

8. $OUST - Ouster

Digital lidar sensors for industrial automation, robotics, and smart infrastructure. Q1 revenue $49M, up 49% YoY. 13 consecutive quarters of product revenue growth. Shipped over 12,600 sensors in Q1 across lidar and camera units. 43% gross margin.

9. $ADEA - Adeia

IP licensing company monetizing patents across semiconductors, media delivery, and computing. Q1 revenue $104.8M, up 20% YoY. New multi-year licensing deals with AMD and Microsoft. Net income nearly doubled YoY to $22.8M. Running a ~60% adjusted EBITDA margin.

10. $NUAI - New Era Energy & Digital

Developing AI-focused data center campuses in the Permian Basin. Texas Critical Data Centers project sits on 438 acres with capacity to support up to 1.4GW of power. Secured a $290M credit facility and raised ~$115M in equity. Earliest stage name on this list - revenue is minimal from legacy gas operations.

Closing Notes

All of these are under $10 billion in market cap. Some are pre-profit. Some are mid-pivot. All of them are building something worth watching. Follow me @JasonL_Capital for more breakdowns like this.

If you'd like to see how we use options to generate income and grow our portfolio on names like these, you can join our Discord community of over 200 members here: whop.com/wheelhouse-opt…

Sector Breakdown

| Ticker | Company | Sector | Market Cap | Key Catalyst | |--------|---------|--------|------------|--------------| | $PENG | Penguin Solutions | AI Infrastructure / Memory | <$10B | MemoryAI CXL, 7 new AI/HPC logos | | $OSS | One Stop Systems | Defense / Edge AI | <$10B | Rigel Edge Supercomputer, 55% YoY growth | | $TE | T1 Energy | Solar Manufacturing | <$10B | 232% YoY, first profitable quarter, G2 Austin plant | | $UUUU | Energy Fuels | Uranium / Rare Earths | <$10B | Largest US uranium producer, 112% YoY | | $ONDS | Ondas Holdings | Defense / Autonomous Drones | <$10B | 1,000%+ YoY, $450M+ backlog | | $AXTI | AXT Inc | Semiconductor Substrates | <$10B | InP backlog >$100M, margin turnaround | | $KEEL | Keel Infrastructure | AI Data Center Infra | <$10B | 2.2GW pipeline, $533M liquidity, Bitcoin treasury | | $OUST | Ouster | LiDAR / Robotics | <$10B | 13 quarters growth, 43% gross margin | | $ADEA | Adeia | IP Licensing | <$10B | AMD + Microsoft deals, ~60% EBITDA margin | | $NUAI | New Era Energy | AI Data Center Campuses | <$10B | 1.4GW Permian Basin, $290M credit facility |

This is Hermes' view, not financial advice. Always do your own research and manage your own risk.

2026-06-15-jasonlcapital-10-stocks-under-10b