Ondas Stock Gains Overnight: Institutional Stakes Surge Ahead Of Q1 Earnings, Retail Traders Expect A 'Wild' Day

• BlackRock reported holding more than 9.3 million Ondas shares, valued at about $84 million.
• J.P. Morgan and Cetera Investment Advisers also established a sizable stake.
• Ondas’ backlog, boosted by Mistral and World View, reached about $457 million by the end of Q1. 

Ondas (ONDS) stock gained overnight as the company heads into its fiscal first-quarter (Q1) earnings on Thursday with growing attention from major institutional investors. 

Recent regulatory filings showed substantial buying activity from firms including BlackRock, JPMorgan, and Cetera Investment Advisers.

BlackRock, J.P. Morgan Ownership A Major Boost For ONDS 

Among the newly reported positions, BlackRock disclosed ownership of more than 9.3 million shares, valued at roughly $84 million as of Ondas’ closing price on Wednesday. The investment signals a notable endorsement from one of the world’s biggest asset managers.

J.P. Morgan also established a sizable stake by purchasing nearly 7 million shares, with the holding carrying an estimated market value of approximately $56.6 million. 

Cetera Investment Advisers also aggressively expanded its position, increasing its holdings to more than 700,000 shares.

Ondas’ stock traded over 2% higher overnight, heading into Thursday. 

ONDS’ Backlog Expansion Draws Investor Attention

Analysts see a Q1 revenue of $39.36 million with a loss per share of $0.06, according to Fiscal AI data against Ondas’ target of between $38 million and $40 million, representing year-over-year growth of 820%.

One of the largest focal points heading into the report is the company’s growing order backlog. Ondas stated that its combined pipeline, including contributions from recently added Mistral and World View businesses, stood near $457 million at the end of Q1.

The Mistral acquisition alone accounted for approximately $264 million of that figure. The company has continued expanding its defense-related operations through engineering, surveillance and autonomous systems projects.

What Are ONDS’ Retail Traders Saying? 

On Stocktwits, retail sentiment around the stock turned to ‘bullish’ from ‘neutral’ territory the previous day. 

A user said, “I’m thinking there’s some new contracts going to be released in the ER. No way any company moves their ER to morning without explosive news and numbers! Could get wild very quickly especially, if shorts are covering on unexpected government contracts.”

Another user said, “Don't forget that Ondas is investing in the ecosystem.  Buying Onds is buying the industry!”

A bullish user remarked, “I’ve been here for a year and Eric Brock has not had a weak guidance yet so I anticipate a very strong one tomorrow on par and maybe even a birdie.”

ONDS stock has declined by over 9% year-to-date. 

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