Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025

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12. EchoStar Corp (NASDAQ:SATS)

Number of Hedge Fund Holders In Q3 2024: 32

EchoStar Corp (NASDAQ:SATS) is a satellite communications company.

The stock is up significantly as it announced a merger with DISH Network.

Furthermore, EchoStar’s subsidiary Hughes Network Systems secured a $6.5 million contract from the U.S. Department of Defense to deploy a 5G Open Radio Access Network prototype at Fort Bliss.

There hasn’t been anything substantial, but the stock is still rising as a part of a broader recovery from earlier selloffs that started in 2018 and lasted for years. SATS stock is still down significantly from its peak.

The consensus price target of $23.75 implies 18.3% downside.

SATS stock is up 26.46% year-to-date.

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