Why These 15 Industrial Stocks Are Skyrocketing So Far In 2025

4. Planet Labs (NYSE:PL)

Number of Hedge Fund Holders In Q3 2024: 8

Planet Labs (NYSE:PL) operates Earth-imaging satellites that capture daily global data. The satellites are high-resolution and can be used for agriculture, defense, and many more purposes.

The stock has surged significantly so far in 2025 due to a deal in January that allowed Planet to secure its largest contract to date. It is a multi-year agreement to build and operate pelican satellites for an Asia-Pacific partner. This includes data cess priority for the partner and expanded capacity for Planet’s government/commercial clients. Analysts think this deal could drive a lot of long-term cash flow in the coming years. It also is collaborating with Nvidia.

In addition, Q3 FY2025 revenue climbed 11% year-over-year to $61.3 million. GAAP gross margins are up 47% year-over-year to 61%. Net losses also narrowed to $20.1 million and adjusted EBITDA loss improved to $200,000. In comparison, the net loss was $38 million and the EBITDA loss was $12 million the year before.

The cash position is at $242 million with no debt.

The consensus price target of $5.23 implies 14.21% downside risk.

PL stock is up 53.65% year-to-date.