Ondas (ONDS) Climbs 29% on $35-Million Robotics Investment

We recently published 10 Stocks Stealing Wall Street Spotlight. Ondas Holdings Inc. (NASDAQ:ONDS) is one of the best-performing stocks on Monday.

Ondas Holdings rallied for a second day on Monday, soaring 29.47 percent to close at $8.72 apiece as investors placed bets following news that it invested $35 million in advanced robotics company, Performance Drone Works.

In a statement late last week, Ondas Holdings Inc. (NASDAQ:ONDS) said that the investment would support and address a broad set of critical missions to empower warfighters with targeting capabilities, enhance surveillance and sensing technology, as well as force protection.

In line with the initiative, Ondas Holdings Inc. (NASDAQ:ONDS) would ramp up production of its in-demand systems, namely C100 and AM-FPV platforms; add new engineering jobs to accelerate product development; and acquire critical components.

Ondas Holdings Inc. (NASDAQ:ONDS) recently secured a $20.9 million contract with the US Army for the supply of its C100 UAS and Multi-Mission Payloads (MMP) in support of the agency’s “Transformation in Contact” initiative.

In other news, Ondas Holdings Inc. (NASDAQ:ONDS) recently completed the acquisition of Sentrycs CS Ltd., an Israel-based global leader in Cyber-over-RF (CoRF) and Protocol-Manipulation counter-UAS technology.

Sentrycs’ proprietary CoRF technology identifies, tracks, and takes control of unauthorized drones with high precision, without jamming, spoofing, or disrupting surrounding communications networks.

Its solutions are deployed across defense, public safety, aviation, and critical infrastructure markets. It currently has 200 global deployments across 25 countries to date.

While we acknowledge the potential of ONDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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