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Small Cap
Independent Power Producers
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
HNRG icon
1
Hallador Energy
HNRG
$762M
$762M $16.16 4.33%
DGXX
2
Digi Power X Inc
DGXX
$391M
$391M $3.97 3.87%

Small Cap Independent Power Producers Stocks at a Glance

Independent power producers own merchant generation and sell electricity into wholesale and retail markets. Unlike regulated utilities, earnings ride power prices — set by fuel costs, weather, and capacity balances — making them the leveraged, higher-beta corner of the utility space.

There are 2 small cap Independent Power Producers stocks — companies in the Independent Power Producers industry with a market cap between $250M and $2B — worth a combined $1.15B.

The largest by market cap are Hallador Energy (HNRG) at $762M and Digi Power X Inc (DGXX) at $391M.

Among institutional investors, Digi Power X Inc (DGXX) drew the most net new fund positions in Q2 2026: 46 funds opened new positions, taking total fund holders up 32 (53%) quarter-over-quarter.

  • Combined market cap: $1.15B across 2 stocks.
  • Small Cap: market cap between $250M and $2B.
  • Largest constituent: Hallador Energy (HNRG), $762M market cap.
  • Most net new fund positions in Q2 2026: Digi Power X Inc (DGXX), +32 holders.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.