5N Plus: Key Supplier To The Second Space Age

Sean Daly 2.25K Followers Follow Summary 5N Plus is a mission-critical supplier for specialty semiconductors (space-grade) and performance materials (CdTe, etc). FPLSF’s long-term demand is underpinned by US government support, Section 232 tariffs, and the industrialization of space, especially via SpaceX and AI-driven datacenter expansion. Q2 results beat estimates with $122.4M revenue and $26.6M adjusted EBITDA, but margins were pressured by input and expansion costs; net debt fell to $23.7M. With a $420M backlog, reaffirmed 2026 EBITDA guidance, and strategic positioning in germanium and CdTe, FPLSF is now priced well below its $34.59 average analyst estimate price target. After a 42% pullback from its May 26th high, FPLSF is rated a BUY, to be purchased ideally lower at $18.50 to $19.50. imaginima/E+ via Getty Images 5N Plus ( FPLSF ) got a major bump earlier this year. In late January, it was awarded $18.1 million to expand the germanium recycling and refining capacity at its Utah facility, a clear tap that This article was written by Sean Daly 2.25K Followers Follow Sean Daly writes on ETFs, biotech and FINTECH solutions in the banking space. He teaches international finance and financial risk management at Pace University and was a visiting lecturer at Princeton University from 2005 to 2009. He was educated at Columbia University. He has also written extensively on real estate and economic development, exploring issues as diverse as Chinese urbanization, CMI multilateral currency swap arrangements, energy geopolitics, and Asia's sovereign wealth funds. Global strategy and private equity background. Equity Approach: long/short, event-driven, with a focus on small cap biotech and the emerging markets. Analyst’s Disclosure: I/we have a beneficial long position in the shares of FPLSF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.