We recently published Jim Cramer Reveals His Trading Strategy For H2 2025 & Discusses These 16 Stockse. AeroVironment, Inc. (NASDAQ:AVAV) is one of the stocks Jim Cramer recently discussed.
AeroVironment, Inc. (NASDAQ:AVAV) is an American defense contractor known primarily for its presence in the high-growth drone industry. The recent conflict in the Middle East, South East Asia, and Russia’s invasion of Ukraine have demonstrated the importance of drones in today’s warfare. AeroVironment, Inc. (NASDAQ:AVAV)’s shares have gained 61% year-to-date primarily on the back of a massive 47% jump in June after the firm’s latest earnings report beat analyst estimates by a wide margin. However, since the peak, AeroVironment, Inc. (NASDAQ:AVAV)’s shares have dipped by 11.4% after the firm decided to take advantage of its recent share price hike to pay off debt. Cramer commented on the share price rise:
“Last week on Stop Trading, I said people should buy AeroVironment, I had them on. . .and AeroVironment was at 180, and now AeroVironent’s at 295.
A rocket on its way to the sky, representing the power of the company’s unmanned aircraft systems.
Earlier, Cramer discussed some of the reasons behind the fresh market enthusiasm about AeroVironment, Inc. (NASDAQ:AVAV):
“Okay, AeroVironmnent, I think a lot people were worried about how much, you know, do they have drones, are they out of drones, who’s got the drones, the cost of drones.”
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Disclosure: None. This article is originally published at Insider Monkey.
