We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market. AeroVironment, Inc. (NASDAQ:AVAV) is one of the stocks Jim Cramer recently discussed.
AeroVironment, Inc. (NASDAQ:AVAV) is an American defense contractor whose shares have had a great second quarter. The stock has gained 57% year-to-date, primarily on the back of a strong earnings report that saw the firm’s $1.61 in EPS and $275 million in revenue beat analyst estimates of $1.39 and $242 million. However, the shares have experienced fluctuation and dipped by 11.4% after management decided to take advantage of the share price performance to reduce its debt and issue equity. Cramer has been discussing AeroVironment, Inc. (NASDAQ:AVAV) quite frequently these past couple of weeks. The CNBC host believes that he has helped the firm’s shares rise from $180 to $290 in an idea-driven market:
“We are in an idea-driven market and in an idea-driven market I go out with AeroVironment at 190 and then it goes to 290 because I mentioned it in the Mad Dash and then they’re able to do a financing.”
A rocket on its way to the sky, representing the power of the company's unmanned aircraft systems.
His previous remarks about AeroVironment, Inc. (NASDAQ:AVAV) mentioned Goldman Sachs:
“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.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
