Vicor jumps as royalty income drives forecast upgrade - VICR News | RalliesVicor jumps as royalty income drives forecast upgrade
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VICR• Shares rise on higher outlook
- Shares of modular power components maker Vicor
VICR.O rose 10% to $245.2 premarket.
- The company raised its Q3 sequential growth outlook to more than 20%, from nearly 10%.
- Vicor said the upgrade reflects royalties from a recently announced non-exclusive licence to Vertical Power Delivery (VPD).
Licensing and analyst backdrop
- The CEO said four leading companies have secured licences to power system technology pioneered and patented by Vicor.
- All four brokerages rate the stock buy; the median price target is
$387.50, according to data compiled by LSEG.
- The stock is more than doubled year to date, as of the last close.
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