Vicor Stock Climbs with Backlog Up 145%, More Capacity Coming

Vicor Corp (NASDAQ: VICR ), a power technology company, shares jumped on Friday after the company unveiled plans to expand its U.S. manufacturing capacity. The gain outpaced broader market strength, with the Industrials sector up 0.99% and the S&P 500 rising 1.00%.

Vicor shares are climbing with conviction. Why are VICR shares rallying?

Vicor Expands Capacity as Fab-1 Nears Limit

Vicor is acquiring a 334,000-square-foot building on 66 acres in Merrimack, New Hampshire, plus 54 acres in Hooksett. The sites will support ChiP Fab-2 and Fab-3, with a combined footprint of nearly one million square feet.

The expansion will add capacity beyond Vicor’s 320,000-square-foot ChiP Fab-1 in Andover, Massachusetts, which is nearing full utilization. ChiP Fab-2 has a one-year lead time to initial deployment.