BUZZ-Stratasys soars 20% on premium equity investment, strong Q4 earnings outlook

Updates, includes preliminary Q4 results

Shares of 3D printer co Stratasys SSYS.O up 20.6% on Mon to $11.23, about a 10-month high, after announcing equity investment from existing holder and preliminary Q4 results

SSYS on Sun said Israeli PE firm Fortissimo Capital to invest $120 mln via direct purchase of ~11.7 mln newly issued shares

Purchase price of $10.30 represents 10.6% premium to last close of SSYS shares on Fri

With this investment, Fortissimo boosting its holdings from ~1.5% to ~15.5% of SSYS's total shares outstanding

In connection with the investment, Yuval Cohen, Fortissimo managing partner, to be appointed to board of SSYS, replacing a current director

SSYS also said expects Q4 adj net income of $8.1-$8.6 mln vs LSEG estimate of $8.1 mln. Anticipated rev in qtr of $150.1-$150.5 mln slightly below consensus view of $150.6 mln

SSYS has ~71.39 mln shares outstanding for roughly $800 mln market cap - LSEG

About 2.6 mln SSYS shares have traded on Mon, nearly 6x the 10-DMA volume

With move on Mon, shares up ~26% YTD following ~38% decline in 2024

Separately, shares of peer 3D Systems DDD.N up ~6% on the session, possibly in sympathy with SSYS

Both stocks bucking the trend on Mon as Wall Street's main indexes slide on Trump tariff jitters .N