Filtronic PLC (LSE:FTC) shares jumped nearly 14% to an intraday high of 270p on Thursday after a record $68.1 million SpaceX order prompted Cavendish to reiterate its 'buy' rating and 290p price target. The contract covers Filtronic's Cerus E-band gallium nitride solid-state power amplifiers and is expected to be materially fulfilled during the 2028 financial year.
Filtronic PLC (LSE:FTC), the UK designer and manufacturer of advanced radio-frequency technology, has secured a $68.1 million follow-on order from SpaceX, its largest contract yet from the satellite company. The order covers Filtronic's Cerus E-band gallium nitride solid-state power amplifiers, which are used in high-frequency communications applications.
Agency aims to use its consumer-protection powers to examine whether AI labs have misled the public about dangers from the technology.
| Capital Markets Industry | Financials Sector | - CEO | XMIL Exchange | IT0005475162 ISIN |
| US Country | - Employees | 24 Sep 2026 Last Dividend | - Last Split | - IPO Date |
The company operates an investment fund focused on capitalizing on growth stocks within the NASDAQ US 500 Large Cap Index™. It aims to achieve positive alpha, or risk-adjusted returns higher than traditional indices, by investing at least 90% of its net assets in securities that are part of the index and utilizing the innovative AlphaDEX® selection methodology. This approach seeks to identify potential growth stocks that promise higher returns by applying a proprietary stock selection process.
The company's primary service involves investing a minimum of 90% of its net assets in stocks that are part of the NASDAQ US 500 Large Cap Index™. This investment strategy is focused on harnessing the growth potential within the large-cap segment of the market.
A unique aspect of the fund's investment approach is the use of the AlphaDEX® selection methodology. This proprietary technique is designed to select stocks that may outperform the market, aiming to generate positive alpha. The methodology evaluates stocks based on various growth and value factors to identify those with the best potential for risk-adjusted returns.