5 Best Robotic Stocks Under $10

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

Number of Hedge Fund Holders: 20

Helix Energy Solutions Group, Inc. (NYSE:HLX) is a Houston, Texas-based offshore drilling company that has gained exposure in the robotics industry through its remotely operated vehicles (ROVs) that aid in the operation of well intervention and construction of offshore oil and gas facilities.

Helix Energy Solutions Group, Inc. (NYSE:HLX) has assigned two dedicated vessels on a long-term basis to provide support to the robotics segment. In late August, one of the vessels received a 180-day decommissioning contract in Thailand. The contract is set to start in Q4 2022. Experts believe that the robotics division of Helix Energy Solutions Group, Inc. (NYSE:HLX) can gain significant market share in the expanding offshore drilling industry. Helix energy’s Robotic Jet trenching services are integral in the offshore wind industry. The division observed a 33% YoY increase in revenue during Q2 2022 with an asset utilization rate of 94%.

Millennium Management raised its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by over 5000% during the third quarter of the year.

Follow Helix Energy Solutions Group Inc (NYSE:HLX)