AVAV Outperforms Industry Over the Past Month: Should You Buy the Stock?

Key Takeaways AeroVironment's shares soared 65% in a month, beating its industry and sector performance.AVAV's growth stems from strong Q1 results, major U.S. defense contracts and global partnerships.The company's $1.1B backlog and rising earnings estimates point to sustained growth potential.Shares of AeroVironment, Inc. (AVAV) have surged 65% in the past month, outperforming both the Zacks Aerospace-Defense Equipment industry’s growth of 8.3% and the broader Zacks Aerospace sector’s gain of 6%. It also c ...