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Why N2OFF, Inc. (NITO) Is Soaring This Year So Far

We recently compiled a list of the 10 Micro and Small-Cap Firms Drive Year-to-Date Gains. In this article, we are going to take a look at where N2OFF, Inc. (NASDAQ:NITO) stands against the other micro and small-cap stocks.

Nine micro-cap companies and one small-cap firm have been the standout performers on the stock market year-to-date, having registered whopping gains between 200 to 1,200 percent since the start of the year.

The list was based on the firms’ share price data from the companies’ closing prices on December 31—the last trading day of 2024—to February 14, 2025.

We classify micro-cap companies as those with a market capitalization below $300 million, and small-cap firms as those with a market capitalization below $1 billion.

A combine harvesting crops, showing the capabilities of the company’s agriculture equipment.

N2OFF, Inc. (NASDAQ:NITO)

N2OFF, Inc. (NASDAQ:NITO), an energy and agritech company with a market cap of $9.6 million, grew its share prices by 236 percent year-to-date, finishing at 84 cents on Friday versus the 25-cent close last December 31, as investors cheered developments on its energy expansion program.

Last month alone, N2OFF, Inc. (NASDAQ:NITO) entered into various partnership agreements with Solterra Renewable for the development of solar projects in Germany, Italy, and Albania.

Last week, the company announced it had signed a binding term sheet with Solterra Energy to collaborate exclusively on solar and battery storage projects in Albania for one year. Feasibility studies will be conducted, and if results turn favorable, Solterra will take charge of project development while N2OFF, Inc. (NASDAQ:NITO) will oversee financing.

Apart from Albania, the two companies also teamed up for the construction of a 111-MWp solar facility in Melz, Germany, as well as two battery storage facilities in Sicily, Italy, with each capable of producing 98MWp/392MWh capacity. All projects represent N2OFF, Inc. (NASDAQ:NITO)’s foray into the renewable energy sector.

Overall NITO ranks 9th on our list of the top micro and small-cap firms this year so far. While we acknowledge the potential of NITO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NITO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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