Rocket Lab (RKLB) Stock Jumps 3% on Solar Cell Breakthrough and ARK Invest Buy
TLDR
- RKLB stock is up over 3% in Wednesday’s pre-market trading, extending a 2.51% gain from Tuesday’s session.
- Rocket Lab unveiled its IMM Apex solar cell, offering 31.5% efficiency and 40% lower mass than previous versions.
- The new cell eliminates germanium substrates, reducing exposure to supply chain and cost pressures.
- ARK Invest bought 2,341 RKLB shares on September 8, following over $44 million in purchases the prior week.
- Wall Street has a Strong Buy consensus on RKLB, with an average price target of $108.88, implying around 65% upside.
Rocket Lab stock climbed about 3.1% in Wednesday’s pre-market trading, with the stock closing Tuesday’s regular session at $65.87, up 2.51%. The pre-market move follows two company-specific developments drawing fresh attention to the stock.
The first is a new product. Rocket Lab announced the IMM Apex, its next-generation solar cell for space applications. The cell delivers 31.5% Beginning of Life conversion efficiency and weighs 40% less than previous versions.
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