The share price of drone manufacturer Red Cat Holdings has jumped as investors have reacted positively to the company’s new partnership with Palantir and a bullish 2025 forecast.
Credit: Kirsty Pargeter / Alamy Stock Photo
The stock price of Red Cat Holdings has risen more than 21% in trading since the drone maker reported its fiscal 2025 second-quarter earnings on Dec. 16, the same day it announced a partnership with heavyweight defense tech firm Palantir. Though Red Cat reported modest revenue of $4.3 million in the...
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