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Drone stocks rally as Ondas jumps 13% ahead of earnings and AeroVironment wins $315M contract

09 Nov 2026, 18:58 WIB
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Drone stocks rally as Ondas jumps 13% ahead of earnings and AeroVironment wins $315M contract

Drone stocks surged with Ondas Holdings rising 13% ahead of its Q3 earnings report expected on November 12, while AeroVironment jumped 10% after announcing a $315 million initial award under a $940 million multiyear contract. Ondas has seen a strong order book growth, guiding Q3 revenue between $140 million and $155 million, supported by recent acquisitions. AeroVironment's contract highlights its production readiness and adds to its $1.5 billion backlog. Other drone companies like Red Cat and Kratos also gained, reflecting strong investor interest in the sector. The upcoming Ondas earnings report will be key to confirming if recent orders translate into revenue, influencing the drone stock rally's direction.

Following the surge in drone stocks like Ondas Holdings ahead of its earnings, Ondas shares trade at USD 5.98 on Pluang, up 12.09% as of Nov 10, 2026 00:11 WIB. The stock holds a market cap of $3.11 billion and remains well below its 52-week high of $14.01, indicating room for volatility. Investors on Pluang typically hold Ondas shares for about 7 days, reflecting active trading around news events like earnings.

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