NasdaqGS:IPGPElectronic
IPG Photonics (IPGP) Is Up 7.4% After Strong Q3 And New Defense Hub Opening - Has The Bull Case Changed?
Recently, IPG Photonics reported strong third-quarter results driven by increased demand for lasers in electric vehicle and stationary storage battery welding, especially in Asia, while also opening a new Huntsville, Alabama facility to serve as headquarters for its IPG Defense unit focused on laser-based defense solutions such as the CROSSBOW counter-unmanned aerial systems technology.
At the same time, the Valentin Gapontsev Trust I, a ten percent owner, sold 45,348 shares under a...