SES AI Corp (SES) saw its stock price surge 35.26% in pre-market trading on Friday, as investor enthusiasm boosted shares of several drone maker companies.
The optimism around drone makers spilled over into the broader market, with SES AI Corp leading the charge. Other notable gainers included Ondas Holdings, which jumped 17%, and Red Cat Holdings, up 5% in early trading.
The pre-market rally in these stocks signaled that investors are bullish on the prospects of the drone industry and the companies operating within it. However, the specific reasons behind the sudden surge in interest were not immediately clear.