10 Best Performing Defense Stocks So Far in 2025

5. AMMO, Inc. (NASDAQ:POWW)

YTD Gains as of March 25: 33.64%

AMMO, Inc. (NASDAQ:POWW) designs, produces, and markets ammunition for law enforcement and military agencies, recreational shooters, hunters, and individuals requiring self-defense.

On January 21, the company announced selling its ammunition manufacturing assets to Olin’s Winchester for a total cash consideration of $75 million. The transaction is expected to close during the second calendar quarter of 2025.

The move is in line with AMMO, Inc. (NASDAQ:POWW)’s vision to prioritize its high-margin e-commerce platform. It owns GunBroker.com, which is one of the world’s largest online marketplaces for firearms and shooting accessories. The sale of its manufacturing assets will allow the company to further scale its website to capitalize on the growing online marketplace for firearms and shooting products.

AMMO, Inc. (NASDAQ:POWW)’s share price has taken a hit over the past month after it received a notification of deficiency from NASDAQ over the delay in filing its quarterly report for the quarter that ended December 31, 2024. The company also received a deficiency notice in November for not filing the quarterly report timely for the period ending September 30, 2024.

Despite the recent dip, AMMO, Inc. (NASDAQ:POWW) has had healthy returns this year and is among the best-performing stocks so far in 2025.