10 Cheap Robotics Stocks To Invest In Now

3. Helix Energy Solutions Group, Inc. (NYSE:HLX)

Analyst Upside (as of January 11): 58.64%

No. of Hedge Fund Holders: 23

Helix Energy Solutions Group, Inc. (NYSE:HLX) is an international offshore energy services company specializing in various operations such as well intervention, robotics, and full-field decommissioning operations. The company runs its business through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment.

Helix Energy Solutions Group, Inc. (NYSE:HLX) has expanded its operations across Northwest Australia. The company has long-term contracts that secure operations in the long run. Siem Helix 1 and Siem Helix 2 are 3-year contracts with Petrobras, while the Q5000 contract with Shell is a minimum 2-year 175-day deal with options in the Gulf of Mexico. By the end of Q3 2024, the company had over $800 million in backlog through new contracts. The company also has a solid cash position with nearly $324 million in cash and cash equivalents, as of Q3 2024.

Helix Energy Solutions Group, Inc.’s (NYSE:HLX) robotics division remains a driving segment for the company with high utilization across six vessels, mainly in renewables projects. The company continues to drive growth despite losing $10 million in revenues in Q3 due to relocations. Nevertheless, HLX is expected to have another good year in FY25.