Why N2OFF, Inc. (NITO) Is Soaring This Year So Far

We recently compiled a list of the 10 Micro and Small-Cap Firms Drive Year-to-Date Gains. In this article, we are going to take a look at where N2OFF, Inc. (NASDAQ:NITO) stands against the other micro and small-cap stocks.

Nine micro-cap companies and one small-cap firm have been the standout performers on the stock market year-to-date, having registered whopping gains between 200 to 1,200 percent since the start of the year.

The list was based on the firms’ share price data from the companies’ closing prices on December 31—the last trading day of 2024—to February 14, 2025.

We classify micro-cap companies as those with a market capitalization below $300 million, and small-cap firms as those with a market capitalization below $1 billion.

A combine harvesting crops, showing the capabilities of the company’s agriculture equipment.

N2OFF, Inc. (NASDAQ:NITO)

N2OFF, Inc. (NASDAQ:NITO), an energy and agritech company with a market cap of $9.6 million, grew its share prices by 236 percent year-to-date, finishing at 84 cents on Friday versus the 25-cent close last December 31, as investors cheered developments on its energy expansion program.

Last month alone, N2OFF, Inc. (NASDAQ:NITO) entered into various partnership agreements with Solterra Renewable for the development of solar projects in Germany, Italy, and Albania.

Last week, the company announced it had signed a binding term sheet with Solterra Energy to collaborate exclusively on solar and battery storage projects in Albania for one year. Feasibility studies will be conducted, and if results turn favorable, Solterra will take charge of project development while N2OFF, Inc. (NASDAQ:NITO) will oversee financing.

Apart from Albania, the two companies also teamed up for the construction of a 111-MWp solar facility in Melz, Germany, as well as two battery storage facilities in Sicily, Italy, with each capable of producing 98MWp/392MWh capacity. All projects represent N2OFF, Inc. (NASDAQ:NITO)’s foray into the renewable energy sector.

Overall NITO ranks 9th on our list of the top micro and small-cap firms this year so far. While we acknowledge the potential of NITO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NITO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.