3 Drone Stocks to Watch Next Year

Group 1: Industry Overview - Quantum computing and electric air taxi stocks are gaining attention in the tech sector as 2024 approaches its end, with drones expected to be a significant topic in 2025 [1] - Notable companies in the drone space include Red Cat Holdings Inc (RCAT), Kratos Defense & Security Solutions Inc (KTOS), and AeroVironment, Inc. (AVAV) [1] Group 2: Red Cat Holdings Inc (RCAT) - RCAT's stock is down 12.6% at $9.14 following larger-than-expected losses for the fiscal second quarter [2] - Prior to the recent decline, RCAT shares had surged due to a partnership with Palantir Technologies and several unexplained drone sightings, reaching an all-time high of$12.57 on December 2 [2] - The stock has increased by 940.9% in 2024 [2] Group 3: Kratos Defense & Security Solutions Inc (KTOS) - KTOS is down 3.3% at $27.35 but recently secured a$6.5 million contract with DARPA for flight testing related to hypersonic research [3] - The stock has a year-to-date increase of 35.5% and reached a three-year high of $28.71 [3] Group 4: AeroVironment, Inc. (AVAV) - AVAV's stock is down 3.7$162.63 after a 7.8% gain the previous day, following the rejection of a competitor's protest by the U.S. Government Accountability Office [4] - The stock has a familiar support level around $150, which contained the early December decline, and it reached a record peak of$236.60 on November 11, contributing to a year-to-date increase of 28.6% [4]