nLIGHT drops from record on $175 mln stock sale

Stifel Financial

04/02/2026 11:54

** Shares of semiconductor and fiber laser provider nLIGHT LASR.O down 10% premarket to $44.99 after $175 mln overnight follow-on priced

** Camas, Washington-based LASR late Tues sold ~4 mln shares at $44

** Offering price represents 12% discount to stock's record closing high of $49.98 on Tues

** Co intends to use net offering proceeds for working capital, capex, and other general purposes, per the prospectus

** Stifel, Baird, William Blair and Raymond James joint lead bookrunners

** LASR has ~50.8 mln shares outstanding

** Shares rose 4% on Tues, extending YTD gain to 33%. Stock has more than quadrupled over the past 12 months

** 7 of 8 analysts rate stock "strong buy" or "buy", 1 "hold"; median PT of $50 up from $40 a month ago and $29 on Nov 3, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))