** Shares of private wireless and autonomous drone solutions firm Ondas Holdings ONDS.O down 11.4% on Tues to $5.36 after $200 mln follow-on offering

** Boston, Massachusetts-based ONDS early Tues said it priced 40 mln shares at $5

** Offering price represents 17.5% discount to stock's last close of $6.06

** It intends to use net proceeds for strategic growth, including acquisitions, joint ventures and investments

** Oppenheimer is lead bookrunner for the offering, joined by Stifel

** About a month ago, ONDS priced $150 mln equity offering at $3.25

** As of Sept 3, co had ~279.6 mln shares outstanding for about $1.7 bln market cap through Mon

** Even with the decline on Tues, shares up 180% this quarter. Stock closed at 89 cents a year ago

** 4 of 6 analysts rate ONDS "strong buy" or "buy", 1 has "hold" and median PT is $5, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))