We recently published a list of Why These 15 Industrial Stocks Are Skyrocketing So Far In 2025. In this article, we are going to take a look at where SKYX Platforms Corp. (NASDAQ:SKYX) stands against other industrial stocks that are skyrocketing so far in 2025.
The industrial sector has gotten a lot of attention in the past few years from the government due to the U.S. focusing on onshoring manufacturing, and it is likely that it will get even more attention as tariffs start to increase. Moreover, industrial companies are rushing to integrate AI and automation, which could increase margins by a lot in the long run.
As such, it’s a good idea to look into industrial stocks that benefit from these trends. This includes those that have been performing very well so far this year. Companies that adapt to new techs and capitalize from the Trump administration’s policies could deliver the most growth in the coming years.
Methodology
For this article, I screened the top-performing industrial stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
A construction worker in safety gear installing a ceiling fan in a high-rise building.
SKYX Platforms Corp. (NASDAQ:SKYX)
Number of Hedge Fund Holders In Q3 2024: 3
SKYX Platforms Corp. (NASDAQ:SKYX) makes techs to make electrical installations easier. It also has many other electrical products for emergencies and WiFi devices.
The stock is up significantly so far in 2025 due to it beginning to supply products to 140 commercial units in Florida in January as part of a larger 1,000-unit project with a developer called Jeremiah Baron Companies. The deal could generate $500 to $2,000 per unit in revenue and could scale further.
Moreover, financials have shown a lot of momentum. Q3 2024 revenue hit $22.2 million and grew 2.6% year-over-year. Gross margin also improved slightly, and SKYX Platforms (NASDAQ:SKYX) managed to reduce its operating cash burn by 39% to $2.6 million in Q3. It also raised $11 million in equity in October 2024.
It reported $13 million in cash in Q3 2024, though net loss widened to $8.62 million in the same quarter, up 20% year-over-year.
The consensus price target of $3.5 implies 112.12% upside.
SKYX stock is up 47.32% year-to-date.
Overall, SKYX ranks 7th on our list of industrial stocks that are skyrocketing so far in 2025. While we acknowledge the potential of SKYX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SKYX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
