2 TSX Stocks Under $50 That Could Skyrocket

Investors don’t need large amounts of capital to start investing in high-quality TSX stocks. Even as little as $50 can be enough to start investing in some of Canada’s most promising companies. However, keep in mind that a low stock price does not automatically make a company a good investment. So one needs to focus on the underlying strength of the company.

Companies with sustainable business models, strong fundamentals, competitive advantages and resilient revenue streams are better positioned to skyrocket and increase value over time. Furthermore, one should look for companies with a healthy balance sheet, which will provide flexibility during economic slowdowns and allow continued investment in growth.

With that backdrop, here are two TSX stocks under $50 that could skyrocket.

Under $50 TSX Stock #1: Enerflex

Enerflex (TSX:EFX) is an attractive TSX stock under $50 that could skyrocket. The investment scenario is supported by recurring cash flow, solid backlog and disciplined capital allocation.

Enerflex designs, builds and maintains energy infrastructure around the world. Core capabilities include gas compression, natural gas processing, cryogenic systems and produced water treatment. Importantly, the company operates throughout the entire project lifecycle, from front-end engineering and design to installation and long-term maintenance. This integrated model deepens customer relationships and generates multiple revenue streams tied to the same assets.

An important growth driver is energy infrastructure (EI) activities. Through this segment, the company owns and operates energy assets under long-term contracts. This model generates predictable, recurring revenue and reduces earnings volatility. Customer agreements supporting this segment are expected to generate approximately $1.4 billion in revenue in the coming quarters, providing a stable financial foundation.

The After-market Services (AMS) division adds further resiliency by providing maintenance, parts and operational support for a large number of installed equipment, generating stable, high-margin service revenues. Meanwhile, the Engineered Systems (ES) segment provides modular gas and water treatment solutions and has an order backlog of approximately $1.1 billion at the end of 2025, providing revenue visibility for the second half of 2026.

With structural growth in North American natural gas production and rising water treatment needs, Enerflex is positioned to expand margins, generate stronger free cash flow and strengthen its balance sheet, making it an attractive long-term investment.

Under $50 TSX Stock No. 2: Bird construction

Shares of Bird construction (TSX:BDT) are an attractive long-term bet. It is one of Canada’s leading construction and maintenance companies and is well positioned to benefit from a growing presence in some of the country’s most resilient end markets.

The company’s scale and diversification support its investment scenario. Bird has built a strong presence across Canada and has expanded its operations into civil infrastructure and complex industrial work. These segments are supported by structural factors, including spending on public infrastructure, energy transition projects and government-backed defense initiatives. Such markets tend to generate sustainable, multi-year demand.

While macroeconomic headwinds have weighed on parts of the construction industry, Bird’s operating momentum remains intact. The company reported a combined backlog of more than $10 billion, increasing long-term revenue visibility. While growth is under pressure in the short term due to delayed project starts and weaker industrial activity, these problems appear to be temporary.

The company’s balance sheet remains solid and offers both resilience and strategic flexibility. Bird appears well equipped to weather the current volatility while continuing to invest in growth. The capital position allows management to pursue selective, value-add acquisitions that expand capabilities and deepen market reach.

The recent acquisition of Fraser River Pile & Dredge will broaden the company’s technical expertise and enable it to participate in large-scale, nation-building infrastructure projects, including port and coastal developments. The expansion into maritime services has diversified revenue streams and will support long-term growth.

Overall, Bird Construction’s significant backlog, exposure to Canadian infrastructure buildout and improved earnings visibility bode well for growth and could help the stock skyrocket.