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Tag: NASDAQ:BRKR

  • Bruker (BRKR) Stock Gains Traction After-Hour Following Dividend Declaration

    Bruker (BRKR) Stock Gains Traction After-Hour Following Dividend Declaration

    In the extended trading session on Tuesday, shares of Bruker Corporation (NASDAQ: BRKR) surged 7.56% to $51.90 on the charts, sparked by the announcement of a quarterly cash dividend.

    Bruker announced Dividends

    A quarterly cash dividend of $0.05 per share was approved by the Bruker (BRKR) board of directors. It is projected that registered investors will get their dividend on December 2, 2024, on December 16, 2024. This action increased confidence and strengthened the market’s bullish momentum for the stock.

    Bruker and Dragonfly Energy Signed a Strategic Alliance

    Notably, Bruker and Dragonfly Energy Holdings Corp. (DFLI), a pioneer in energy storage and manufacturer of Battle Born Batteries, inked a Memorandum of Understanding (MOU).

    The goal of this partnership is to bring together Bruker’s cutting-edge analytical tools with Dragonfly’s experience with solid and liquid-state battery technology. The alliance seeks to expedite improvements in battery research and manufacture. That also include the development of next-generation battery systems, and sustainable energy solutions.

    Innovative Tools for Research on Batteries

    BRKR’s cutting-edge nuclear magnetic resonance (NMR) technology plays a pivotal role in Dragonfly Energy’s research efforts. This equipment enables detailed analysis of lithium batteries, allowing scientists to examine electrolyte samples at various stages of a battery’s life.

    These insights support optimization of battery performance, particularly for Dragonfly’s patented dry electrode process. Bruker’s product portfolio, which includes FT-IR, Raman spectroscopy, XRD, and XRF equipment, has significantly aided in the advancement of lithium battery cell technology.

    BRKR Promoting Innovation in Renewable Energy

    Bruker and Dragonfly Energy’s collaboration demonstrates their mutual dedication to developing energy storage technologies. The firms want to improve research and production operations by combining Bruker’s cutting-edge analytical instruments with robots, lab automation, and IoT connection.

    This collaboration fosters evidence-based decision-making, improves worldwide technique harmonization, and increases the effectiveness of renewable energy storage systems. According to Bruker (BRKR), this partnership will be essential to redefining sustainable battery technology and, eventually, aiding in the world’s shift to renewable energy sources.

  • Bullish Trend: Bruker (BRKR) Stock Value Soars Amid Analyst Upgrades

    Bullish Trend: Bruker (BRKR) Stock Value Soars Amid Analyst Upgrades

    In the recent trading session, Bruker Corporation (NASDAQ: BRKR) exhibited a bullish trajectory, marking a notable ascent of 4.25% to settle at $80.05. This surge was spurred by an analyst upgrade received by BRKR stock.

    On Wednesday, Bruker (BRKR) shares received an upgrade from “Neutral” to “Overweight” in JP Morgan’s amended recommendation, as follows. The analysis company also increased its price estimate for BRKR shares from $60 to $90 concurrently. Analyst confidence was strengthened by both strategic acquisition moves and improved financial performance, which is why the rating was raised.

    Bruker’s transformation into a fast expanding organization is still solid, as shown by three years in a row of strong double-digit organic revenue growth. Significantly, the business reported an industry-best 14.5% organic revenue increase in 2023, with double-digit growth in each of its four business sectors.

    Moreover, BRKR achieved a noteworthy non-GAAP EPS rise of 10.3% for the entire fiscal year 2023, all the while allocating substantial investments towards research and development and enhancing capacity and productivity.

    Last week, BRKR announced its acquisition of Nanophoton Corporation, a pioneering entity specializing in cutting-edge research Raman microscopy systems. Based in Osaka, Nanophoton offers a diverse portfolio of advanced Raman microscopes catering primarily to academic and industrial research clientele in Japan.

    This strategic acquisition serves to address a gap within Bruker’s molecular microscopy portfolio, paving the way for the global dissemination of Nanophoton’s rapid, adaptable, and highly sensitive Raman microscopy systems across various domains including life sciences, biopharma, advanced materials, semiconductors, and polymers.

    The addition of Nanophoton enriches Bruker Optics division’s molecular microscopy repertoire with a wide array of state-of-the-art Raman microscopy systems renowned for their exceptional speed, sensitivity, and spatial resolution.

    These systems boast user-friendly workflows designed to offer an unparalleled user experience, with applications ranging from inspecting advanced semiconductor and nanomaterials to clinical research on tissue disease patterns. Bruker’s decision to pursue this acquisition underscores its recognition of Nanophoton’s sterling track record and unparalleled expertise in Raman microscopy innovation.

    With Nanophoton Corporation generating revenues of approximately $5 million in 2023, nearly reaching the break-even point, the strategic alliance holds significant promise for both entities as they forge ahead in the realm of advanced molecular microscopy.