Why These 10 Small-Cap Stocks Are Skyrocketing

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1. H&E Equipment Services, Inc. (NASDAQ:HEES)

30-day Return as of January 16, 2024: 62%

HEES reached $89 on January 16, registering a 62% increase from its share price of $55.03 apiece on December 16, 2024. H&E Equipment Services, Inc. (NASDAQ:HEES) is one of the largest equipment services in the country and is known for its premium quality products.

The stock has surged following its deal to be acquired by United Rentals for $4.8 billion and is currently the talk of the town, as its premium valuation attracts investors.

HEES was founded in 1961 and serves a plethora of customers in the commercial and industrial markets through its 160 locations across the United States. The company has increased its revenue by nearly 6% year-over-year.

While we acknowledge the potential of HEES to grow, our conviction lies in the belief that certain 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 HEES but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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