AeroVironment rises 3% on US Space Force SCAR program news

AeroVironment shares rose over 3% overnight, snapping a two-day losing streak after a 17% drop driven by news that the US Space Force reopened its SCAR program for bidding. Jefferies analysts called the selloff overdone, citing multiple growth drivers. Additionally, CNBC's Jim Cramer suggested the stock was a cheap buy and a likely favorite for US government contracts.