Coherent shares are trading higher after the company announced it was awarded a $2.45 million contract to execute Phase 3 of its IARPA resilience program for high-energy rechargeable lithium-sulfur batteries.
Portfolio Pulse from Benzinga Newsdesk
Coherent shares rise following a $2.45 million contract award for Phase 3 of its IARPA resilience program, focusing on high-energy rechargeable lithium-sulfur batteries.
September 13, 2024 | 2:16 pm
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Coherent's stock is trading higher after securing a $2.45 million contract for Phase 3 of its IARPA resilience program, which focuses on high-energy rechargeable lithium-sulfur batteries.
The contract award is a positive development for Coherent, indicating progress and potential future revenue from its lithium-sulfur battery technology. This news likely boosts investor confidence, leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100