Why These 15 Industrial Stocks Are Skyrocketing So Far In 2025

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2. Innovate (NYSE:VATE)

Number of Hedge Fund Holders In Q3 2024: 6

Innovate (NYSE:VATE) is involved in infrastructure and industrial construction via DBM Global, though it also has other segments, like Life Sciences (healthcare) and Spectrum, which is for broadcasting.

The stock has surged significantly so far in 2025 as it reported a 294% growth in Glacial Skin system sales in 2024. Moreover, the approved MediBeacon Transdermal GFR System. It is a non-invasive kidney function test that addresses a global market of 800 million chronic kidney disease patients.

Q3 2024 revenue fell 35.5% to $242.2 million, but Life Sciences revenue jumped 416% year-over-year. In addition, net loss narrowed to $15.3 million vs. $28 million in 2023.

VATE stock is up 132.4% year-to-date.

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