On August 14, Ondas Holdings Inc. rose 5.61% in pre-market trading, trading at $9.43/share, with turnover of $21.99 million. The rebound comes after the stock fell over 9% in the prior session following a Q2 earnings miss.

On the news front, the United States announced plans to impose tariffs on imported drones and drone components, lifting domestic drone-related stocks broadly in pre-market trading. As a company with significant exposure to unmanned systems through its Mistral and Sentinel divisions, Ondas stands to benefit from policies favoring domestic drone manufacturers.

Adding context, Ondas recently completed an $875.8 million acquisition of Dzyne Technologies and a $125 million acquisition of Cyberhawk, while securing over $240 million in cumulative awards under the US Army Lethal Unmanned Systems program. The company also raised its full-year revenue guidance to $525-$550 million from at least $390 million previously. However, Q2 net loss of $0.19 per share significantly missed the consensus estimate of $0.13, which triggered the prior session selloff. Roth Capital initiated coverage with a Buy rating and a $19.06 target price on August 11.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)