3 Small-Cap Stocks With Big Growth Potential

Economic Overview - The U.S. economy is entering 2025 with strong tailwinds, supported by a robust labor market and controlled inflation figures [1] - Large-cap tech companies, such as NVIDIA Corp., have seen significant stock price increases, with shares doubling or tripling in the year leading to December 11, 2024 [1] Small-Cap Investment Opportunities - Major tech players may be too expensive for some investors, prompting a shift towards small-cap companies that focus primarily on the U.S. market [2] - Small-cap firms are expected to benefit from increased M&A activity and easier financing conditions as interest rates trend lower [4] Company-Specific Insights Immunome Inc. (IMNM) - Immunome has a market cap of $876 million and is developing therapies for various cancers, with a key product, AL102, in a Phase 3 trial [5][6] - The stock has risen over 91% in the year leading to December 11, indicating that the market may have priced in expectations for AL102's success [7] Alliance Entertainment Holding Corp. (AENT) - AENT has a market cap of $315 million and has seen its share price increase from just over $0.80 to $6.53 over the past year due to operational improvements [8][9] - The company reported net revenues of $229 million in the most recent quarter and has improved its liquidity by reducing debt [10] Hallador Energy Co. (HNRG) - Hallador, a small steam coal company, has a market cap that reflects modest market performance with a 1-year total return of 12.8% [12] - The company signed a nonbinding term sheet with a data center developer, which could enhance its revenue potential if the partnership materializes [13][14]