Filtronic PLC's shares rose nearly 14% following a record $68.1 million order from SpaceX for its Cerus E-band gallium nitride power amplifiers, expected to be fulfilled in 2028. This order supports Cavendish's 'buy' rating and 290p price target, covering over 90% of Filtronic's projected 2028 revenue. The contract highlights growing demand for Filtronic's technology in SpaceX's Starlink ground stations, with potential expansion into other satellite and defense markets. Cavendish maintains its 2028 revenue forecast of £75 million and adjusted EBITDA of £17 million, anticipating continued SpaceX investment beyond 2028.
Filtronic's shares jumped 14% after a major SpaceX order, providing context for readers interested in technology stocks. For readers following the technology sector, here is Pluang's market snapshot as of Oct 01, 2026 14:21 WIB: Of 150 US tech stocks on Pluang, 94 rose and 50 fell. Among notable movers, LRCX rose 2.64% with a typical hold time of 60 days and a buy order activity of 62%, contrasting with AMAT which increased 2.47% but had 73% sell orders, while UMC gained 2.57% with a shorter hold time of 42 days and more sell orders at 62%.
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