Autonomous vehicles and robotics are making waves, with Tesla shifting focus to humanoid robots. Wall Street insiders are eyeing Aerovironment, down over 30% from its high, as a promising investment in robotics and autonomous vehicle technology. Billionaires like Cathie Wood have recently increased their positions in the company.
Aerovironment received a stop-work order on a government contract, causing a significant drop in its year-to-date gains. Despite this setback, some investors see the pullback as a buying opportunity after the stock’s 57% gain last year. Consider potential risks before investing in Aerovironment.
The Motley Fool Stock Advisor team did not include Aerovironment in its list of the 10 best stocks to buy now, signaling potential for other companies to produce significant returns. Past recommendations like Netflix and Nvidia have yielded impressive returns, highlighting the importance of thorough research before investing.
Read more at Yahoo Finance: The Autonomous Robotics Stock Wall Street Insiders Are Quietly Buying (Hint: It’s Not Tesla)
