It's Time for AeroVironment to Break Up

After years of ups and downs, AeroVironment, Inc. (NASDAQ: AVAV) appears to be firing on all cylinders. The company's drones are growing in both military and commercial applications and its electric vehicle (EV) chargers are being adopted by a wider range of automakers. The stock is up 119% in the past year as a result.

What doesn't make sense with this company is why drones and EV chargers are in the same business. Both business segments could benefit from some focus and their own financing sources, which is why I think it's time to break them up.

Image source: Aerovironment.

Source: Fool.com