StocksMediumUpdated×2•Originally published 28 September 2026•Updated 29 September 2026•
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Navitas Semiconductor Shares Surge Following ALATTIS Program Award
Key Facts
1Navitas Semiconductor shares surged in extended trading following the announcement that the company was awarded the ALATTIS program.
The U.S. Army selected Navitas Semiconductor to develop 10 kV silicon carbide power chip technology. Benzinga reported that the selection is part of the ALATTIS program, supporting the stock following the announcement of the technical contract with the military entity.
NVTS was trading at $11.96 on September 29, 2026, up 2% during the premarket session after paring earlier gains. This price action follows a previous close for NVTS at $12.20 on September 25, 2026, within a daily trading range of $11.79 to $12.44.