Why AeroVironment Stock Was Soaring This Week
The past few days have been eventful for drone maker (NASDAQ: AVAV) and, consequently, there's been plenty of action in its stock. These were generally positive and helped push the company's equity up by 23% week to date as of Friday before market open.
On Tuesday, Aerovironment announced that the federal government had approved a new $20.2 million investment to expand the company's factory in Huntsville, Alabama. These funds are to be used to increase the output of its Freedom Eagle-1 (FE-1), an unmanned aircraft system missile.
Image source: Getty Images.
Source Fool.com
Aerovironment Aktie
163,35 €
-2,94 %
Deutliches Buy-Überwiegen bei Aerovironment im Vergleich zu Sell-Einschätzungen.
Das Community-Kursziel von 256 € für Aerovironment deutet auf eine deutliche Steigerung um mehr als 50% gegenüber dem aktuellen Kurs von 163.35 € hin.
