Ondas Holdings Inc. (ONDS) shares soared 5.02% in pre-market trading, as the stock built momentum ahead of its upcoming quarterly earnings release. The rally was fueled by a confluence of positive catalysts, including a new analyst Buy rating, the completion of a major acquisition, and substantial defense contract wins.

Roth Capital initiated coverage on Ondas Holdings with a Buy rating on August 11, with analysts setting a mean price target of $19.06. Additionally, the company completed its $125 million acquisition of Cyberhawk on August 10, expanding its capabilities in drone inspection services, visual data management, and AI-powered asset intelligence for critical infrastructure.

Further bolstering investor sentiment, the company reported strong order momentum, including a $50 million-plus US Army order for tactical lethal unmanned systems, bringing total awards under a 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.