Market Surge: Nuburu's NASA Contract, Novavax's Surprise Profit
- August 08th, 2023
- 361 views
Shares of Nuburu, Inc. (NYSE American: BURU) surged over 150% in pre-market trading as the company unveiled a groundbreaking contract with NASA.
The contract is set to demonstrate the feasibility of NUBURU's innovative Blue Laser technology for power beaming in space. This cutting-edge solution aims to address the substantial expenses tied to transporting essential copper or aluminum wires required to provide power to remote lunar or planetary bases.
In pre-market, $BURU was trading at $1.72, marking a notable increase of $1.13 (+196.04%).
In other news, Novavax, Inc. (Nasdaq: NVAX) revealed its second-quarter 2023 financial results, reporting an earnings per share (EPS) of $0.58 and revenues amounting to $424.43 million. This performance has defied market expectations, as analysts projected a loss of $1.39 per share on revenue of $239.16 million for the period.
$NVAX was trading at $8.16 in pre-market, up $0.64 (+8.51%).
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