Why These 15 Industrial Stocks Are up the Most So Far in 2025

Page 2 of 14

13. DNOW Inc (NYSE:DNOW)

Number of Hedge Fund Holders In Q4 2024: 26

DNOW Inc (NYSE:DNOW) is a global distributor of energy and industrial products, as well as engineered process and production equipment, serving sectors like oil and gas, chemicals, mining, and renewables.

The stock is up significantly so far in 2025 due to its robust 2024 financial performance and shareholder-friendly capital allocation. In February, DNOW reported a strong finish to 2024, with full-year revenue of $2.37 billion and net income of $81 million. The company generated $289 million in free cash flow. That’s nearly double its prior projections, and it ended the year with $256 million in cash and no long-term debt.

DNOW also completed the acquisition of Trojan Rentals for $114 million, expanding its capabilities in pump rentals and industrial automation. The Q4 2024 earnings beat, with EBITDA and gross margins exceeding expectations, led to a significant stock price surge.

The consensus price target of $19 implies 22.6% upside.

DNOW stock is up 19.29% year-to-date.

Page 2 of 14