Voxeljet shares are trading higher after the company announced it was selected for a $14.9 million contract alongside GE Research to develop advanced manufacturing technologies to enable the U.S. energy transition.
Portfolio Pulse from Benzinga Newsdesk
Voxeljet has been selected for a $14.9 million contract with GE Research to develop advanced manufacturing technologies for the U.S. energy transition. This has led to an increase in Voxeljet's share prices.
October 11, 2023 | 2:38 pm
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POSITIVE IMPACT
Voxeljet's stock price is likely to increase in the short term due to the announcement of a significant contract with GE Research.
The announcement of a significant contract usually leads to increased investor confidence, which can drive up the stock price. In this case, Voxeljet's $14.9 million contract with GE Research is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100