Why These 15 Industrial Stocks Are Skyrocketing So Far In 2025

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7. SKYX Platforms (NASDAQ:SKYX)

Number of Hedge Fund Holders In Q3 2024: 3

SKYX Platforms (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 the company 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.

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