Why Ondas Stock Zoomed 32% Higher in May
Written by Brett Schafer for The Motley Fool -> Ondas is soaring after upgrading its full-year 2026 guidance. The company is aggresively rolling up the autonomous drone market, and using a bunch of stock to do it. Shares look expensive despite this rapid growth potential. Sha
Ondas is soaring after upgrading its full-year 2026 guidance.
The company is aggresively rolling up the autonomous drone market, and using a bunch of stock to do it.
Shares of Ondas (NASDAQ: ONDS) ballooned 32% higher in May, according to data from S&P Global Market Intelligence . The stock soared after reporting strong quarterly earnings on May 14th, highlighting its rapid growth in the autonomous drones and secure wireless network market. Over the last year, the stock is up 570%.
Here's why Ondas stock was rising yet again in May, and whether you should get in on the party and buy some shares yourself.
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Ondas operates as a drone provider, but with a twist: its systems are entirely automated. These automated drones can be used for many purposes, such as routine system checks without a human operator. It is actually the first company to get full authorization to sell this type of drone system in the United States.
Last quarter, Ondas' revenue grew by more than 10x to $50 million, making it one of the fastest-growing companies in the world. This is mainly due to its many acquisitions in the defense space, including drone technologies, drone detection systems, artificial intelligence ( AI ) software, and even a stratospheric balloon company.
Ondas has financed these acquisitions with its soaring stock price, while also raising capital for its own balance sheet through equity raises. At the end of last quarter, it had $1.48 billion in cash and equivalents on the balance sheet.
