Overview
- Navitas stock rose 18.32% to close at $22.99 on May 21 and then slipped about 2.04% in after-hours trading to $22.52.
- The company announced it will participate for the full three days of PCIM Europe 2026 in Nuremberg and will exhibit GaNFast gallium nitride and GeneSiC silicon carbide power semiconductors.
- Navitas said it will show two GaN solutions aimed at speeding adoption of the 800 VDC standard and two solid-state transformer topologies enabled by its GeneSiC UHV and HV technology.
- Recent first-quarter results show widening losses and weak sales, with net loss more than doubling to $33.78 million and revenue falling 38% year-over-year to $8.6 million.
- Investors and analysts will watch PCIM demos and upcoming investor conferences as the key tests for converting product interest into repeatable revenue after a year of extreme share volatility and a market cap near $5.37 billion.