10 Cheap Robotics Stocks To Invest In Now

4. AeroVironment, Inc. (NASDAQ:AVAV)

Analyst Upside (as of January 11): 37.77%

No. of Hedge Fund Holders: 22

AeroVironment, Inc. (NASDAQ:AVAV) is a technology company that designs and develops a range of robotic systems for government agencies and businesses in the US and globally. The company makes uncrewed aircraft and ground robot systems and other systems for the United States Department of Defense (DoD), and other agencies.

Considering the increasing demand for UAVs amidst the Russia-Ukraine war and other global conflicts, AeroVironment Inc. (NASDAQ:AVAV) significantly benefits from the ongoing situation. The DoD’s focus on developing and integrating advanced drone technologies such as jet drones and unmanned combat aircraft, is expected to drive higher demand for AeroVironment’s products.

During the second quarter of fiscal year 2025, AeroVironment Inc. (NASDAQ:AVAV) posted a record Q2 revenue of $188 million. The company’s Loitering Munition Systems segment also achieved record revenue of almost $78 million, a 61% year-over-year increase. The company’s backlog continues to grow due to new orders and stood at $467 million by the end of Q2 FY25. The company is well-positioned to take advantage of growing demand in the sector and secure new military orders.