Why Navitas Semiconductor Stock Is Swinging: NVTS Pulls Back After CFO Hire, AI Power-Chip Launch
Navitas Semiconductor shares fell 6.5% to $10.14 Thursday, reversing part of a 24.9% surge after news of new silicon carbide MOSFETs and a new CFO. The company reported 2025 revenue of $45.9 million, down from $83.3 million in 2024, and a net loss of nearly $117 million. Analyst Kevin Cassidy kept a Hold rating with a $7 price target.