01:50 PM EDT, 03/21/2024 (MT Newswires) -- 5N Plus ( FPLSF ) announced the launch of a plan to commercialize GaN-on-Si semiconductor technology (with 54 patents) in high-power semiconductor markets (600-1,200V), to compete with silicon carbide (SiC) solutions used today.

National Bank believes the addressable market is >$4 billion/yr and growing >20%/yr including EV's, data/AI and 5G applications. With de-globalization moving to the forefront, VNP's position as a supplier of choice could be secured, analyst Rupert Merer writes.

Target raised to $6/sh target (was $5.50/sh). Maintain Outperform.

Price: 4.70, Change: +0.19, Percent Change: +4.21