3D Systems up after NAMI purchase for Saudi Electricity collaboration

3D Systems

12/07/2024 14:06

** 3D Systems'  DDD.N  shares up 2.6% at $3.88 premarket
after co said National Additive Manufacturing & Innovation
(NAMI) purchased its 3D printing technologies to support
recently announced collaboration with Saudi Electricity Company
 5110.SE 
    ** DDD late Thurs said it and NAMI to deliver components
such as pump impellers, fuel burners and motor fans, heat sinks,
and heat exchangers while reducing Saudi Electricity's physical
inventory requirements
    ** NAMI is a joint venture between 3D Systems and Saudi
Arabian Industrial Investments Co
    ** DDD shares ended 2023 at $6.35 and closed at $10.73 a
year ago
    ** 2 of 7 analysts rate DDD "buy" and rest have "hold"
recommendations, per LSEG; Median PT of $4.50 unchanged over the
past three months

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))