nLIGHT, Inc. Prices Public Offering of Common Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy LASR?
Source: Newsfilter
- Offering Size: nLIGHT, Inc. announced a public offering of 3,977,273 shares of common stock at a price of $44.00 per share, with expected gross proceeds of approximately $175 million, which will significantly support the company's operational and capital expenditure needs.
- Underwriting Arrangement: The offering is being managed by Stifel, Baird, William Blair, and Raymond James, with underwriters granted a 30-day option to purchase an additional 596,590 shares, enhancing market liquidity and investor confidence.
- Use of Proceeds: nLIGHT intends to utilize the net proceeds from the offering for working capital, capital expenditures, and other general corporate purposes, which will aid in the company's ongoing expansion and technological innovation in the high-power laser market.
- Market Expectations: The public offering is expected to close on February 5, 2026, and despite facing market and customary closing conditions, the company's strong confidence in future growth reflects its strategic positioning in a competitive landscape.
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Analyst Views on LASR
Wall Street analysts forecast LASR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LASR is 40.60 USD with a low forecast of 39.00 USD and a high forecast of 44.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 48.080
Low
39.00
Averages
40.60
High
44.00
Current: 48.080
Low
39.00
Averages
40.60
High
44.00
About LASR
nLIGHT, Inc. is a provider of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. The Company operates through two segments: Laser Products, and Advanced Development. The Laser Products segment includes high-power semiconductor lasers and fiber lasers that are typically integrated into laser systems or manufacturing tools built by its customers. This segment also includes fiber amplifiers and beam combination and control systems for use in high-energy laser (HEL) systems in directed energy applications, and laser sensing products used in a range of defense applications. The Advanced Development segment focuses on the research, design, and prototyping of next-generation laser technologies for the defense industry, including the development of custom high-power fiber lasers and advanced beam combining technologies. The Company sells high-power semiconductor lasers with a broad range of power levels, wavelengths, and output fiber sizes.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Offering Pricing: nLIGHT has priced its recent public offering at $44 per share, offering approximately 3.98 million shares and expecting gross proceeds of about $175 million before underwriting discounts and expenses, indicating the company's ability to attract capital in the market.
- Underwriter's Option: The underwriters have a 30-day option to purchase an additional 596,590 shares at the same price, providing the company with flexibility for further financing while reflecting potential demand for the stock in the market.
- Use of Proceeds: The company plans to utilize the net proceeds for working capital, capital expenditures, and general corporate purposes, indicating nLIGHT's proactive investment in business growth and operational efficiency to support its future strategic objectives.
- Stock Price Movement: Following the public offering announcement, nLIGHT's stock dropped 9% during pre-market trading on Wednesday, which may reflect market concerns regarding the new share issuance and could impact investor confidence in the short term.
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- Offering Size: nLIGHT, Inc. announced a public offering of 3,977,273 shares of common stock at a price of $44.00 per share, with expected gross proceeds of approximately $175 million, which will significantly support the company's operational and capital expenditure needs.
- Underwriting Arrangement: The offering is being managed by Stifel, Baird, William Blair, and Raymond James, with underwriters granted a 30-day option to purchase an additional 596,590 shares, enhancing market liquidity and investor confidence.
- Use of Proceeds: nLIGHT intends to utilize the net proceeds from the offering for working capital, capital expenditures, and other general corporate purposes, which will aid in the company's ongoing expansion and technological innovation in the high-power laser market.
- Market Expectations: The public offering is expected to close on February 5, 2026, and despite facing market and customary closing conditions, the company's strong confidence in future growth reflects its strategic positioning in a competitive landscape.
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- Offering Details: nLIGHT announced a public offering of 3,977,273 shares at $44.00 per share, aiming to raise approximately $175 million, demonstrating the company's strong financing capability in the high-power laser market.
- Underwriter Selection: The offering is managed by Stifel, Baird, William Blair, and Raymond James, indicating market confidence in nLIGHT and its solid reputation in capital markets.
- Use of Proceeds: nLIGHT intends to utilize the net proceeds for working capital, capital expenditures, and other general corporate purposes, aiming to enhance financial flexibility and support future growth strategies.
- Market Expectations and Risks: The offering is expected to close on February 5, 2026, although subject to market and customary closing conditions, the company remains optimistic about its future outlook, reflecting ongoing growth potential in the high-power laser sector.
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- Offering Size: nLIGHT announced the pricing of 3,977,273 shares at $44.00 each, expecting gross proceeds of approximately $175 million, indicating strong demand and investor confidence in the capital markets.
- Underwriting Arrangement: The offering is managed by Stifel, Baird, William Blair, and Raymond James, with underwriters granted a 30-day option to purchase an additional 596,590 shares, enhancing market interest in the stock.
- Use of Proceeds: nLIGHT intends to utilize the net proceeds for working capital, capital expenditures, and other general corporate purposes, reflecting the company's strategic intent to expand operations and improve efficiency.
- Market Expectations: The public offering is expected to close on February 5, 2026, and if successful, will provide funding support for the company's future growth while also reflecting ongoing demand for high-power laser technologies.
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- Complete Exit: On February 2, 2026, AIGH Capital Management LLC reported a full exit from its Lumen Technologies stake, selling 2.55 million shares for an estimated $15.61 million, indicating potential concerns about Lumen's future amidst ongoing transformation challenges.
- Stock Performance: As of February 1, 2026, Lumen's stock was priced at $8.82, reflecting a 78.5% increase over the past year, significantly outperforming the S&P 500 by 64.2 percentage points, suggesting market optimism about its strategic pivot despite underlying debt issues.
- Strategic Business Shift: Following the $5.75 billion sale of its mass market fiber business to AT&T, Lumen aims to reinvest in new infrastructure, although the costly nature of this transformation raises questions about its long-term profitability and market positioning.
- Debt Burden Concerns: With over $17.6 billion in long-term debt reported in Q3 2025, Lumen faces significant financial challenges, and while the divestiture may alleviate some pressure, the company's ongoing transformation could complicate its recovery and stock performance outlook.
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- Public Offering Announcement: nLIGHT has commenced a proposed underwritten public offering of its common stock under its existing shelf registration statement, granting underwriters a 30-day option to purchase an additional 15% of shares, which may dilute existing shareholders and raise market concerns about stock price stability.
- Financial Position: As of the end of Q3, nLIGHT reported approximately $81.11 million in cash and cash equivalents, indicating a relatively stable financial position; however, the public offering could undermine investor confidence in future growth, especially given the recent stock price decline.
- Stock Price Movement: nLIGHT shares fell 8.96% in after-hours trading to $45.50, reflecting a negative market reaction to the public offering, with the current price trading 9.3% below the 20-day simple moving average, indicating short-term selling pressure.
- Long-Term Trend Analysis: Despite facing short-term pressure, nLIGHT's stock has gained over 355% in the past 12 months, and the 100-day simple moving average indicates a long-term bullish trend, suggesting the company still holds significant potential in the high-power laser market.
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