Ondas Holdings Inc. (ONDS) surged 5.02% in the night session, as the stock gained momentum ahead of its upcoming quarterly earnings release, fueled by a series of positive catalysts including a new analyst Buy rating, the completion of a major acquisition, and robust defense contract wins.

The rally was supported by Roth Capital's initiation of coverage with a Buy rating on August 11, with analysts setting a mean price target of $19.06. Additionally, the company completed its previously announced $125 million acquisition of Cyberhawk on August 10, expanding its capabilities in drone inspection services, visual data management, and AI-powered asset intelligence systems for critical infrastructure operators.

Further bolstering investor sentiment, Ondas Holdings reported strong order momentum, including a $50 million-plus US Army order for tactical lethal unmanned systems received on August 6, bringing total awards under the multi-year $982 million IDIQ contract to over $240 million. Market consensus expects quarterly revenue of $67.97 million, representing year-over-year growth of 1,211%, reflecting aggressive order conversion and M&A-driven scale expansion across its defense and autonomous technology platforms.