Ondas Holdings (ONDS) stock surged 15.02% to close at $14.01 on Thursday, reaching an intraday high of $15.07—its highest level in nearly five years. The rally, which has seen the stock gain 281% in 2025 alone, is fueled by a major defense contract win and anticipation of upcoming investor events.
The key catalyst was the Israeli Ministry of Defense selecting an Ondas subsidiary for its "Drone Hives" border security program. This initiative involves the development and deployment of autonomous unmanned aircraft systems. The company has been actively expanding its Israeli defense portfolio, including recent moves to acquire Sentry CS, a counter-drone technology firm, and a controlling stake in 4M Defense, which focuses on AI-powered robotic demining systems.
Investor attention is also focused on scheduled company events. CEO Eric Brock is set to participate in a fireside chat at the 28th Annual Needham Growth Conference on January 14, followed by an Investor Day on January 16 where management will detail the 2025 performance of Ondas Autonomous Systems and outline strategic priorities for 2026.
Concurrently, the company is undergoing a corporate rebranding, planning to change its name from Ondas Holdings to Ondas Inc. in Q1 2026 and relocate its headquarters from California to West Palm Beach, Florida. CEO Eric Brock stated this reflects the company's evolution "from a holding company to an integrated global operating platform."
Financially, the company reported revenue growth, with figures rising six times to $10.1 million, aided by its OAS business and acquisitions. Wall Street analysts project continued growth, with estimates suggesting revenue could reach $140 million this year, a 266% annual increase. The company ended its last quarter with $855 million in cash.
However, the rally comes alongside significant insider selling. Director Ron Stern sold 300,000 shares for approximately $4 million on Thursday, part of nearly 2.4 million shares sold since late November. The company has also filed to offer over 1.6 million shares by certain selling stockholders. Additionally, some analysts caution that the company's market capitalization, now over $5.2 billion, may reflect an overvalued business.
