$KRKNF One of Catherine Wood’s favorite industries to invest in is the robotics space, and there are definitely some interesting names there. Kraken develops, manufactures, distributes, and sells marine robotics software and hardware used in military and commercial operations. The company is known as “Canada’s ocean company” and has just extended its $690,000 contract with Public Works and Government Services Canada. Kraken is a contract-based company which means that the stock will see volatile changes to both the upside and the downside. However, the company should provide more sustainable earnings in the longer term as they’ve already secured high-quality early-stage contracts and just need the company to expand in operating capacity to accommodate demands. Kraken is currently investing heavily in R&D, and I expect this to be a great long-term buy. Beacon expects the stock to gain 114% within the next 12-months
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