Coherent Shares Up 3.3% on SiC Advance

Coherent Corp shares jumped 3.3% after unveiling silicon‑carbide epitaxy platforms capable of producing 10 kV power devices for AI datacenters and industrial use.
The new 150 mm and 200 mm thick epitaxy lines support multi‑kilovolt SiC devices, targeting renewable energy, rail, fast‑charging and grid applications.
Analyst Joshua Buchalter raised Coherent’s price target to $340 from $330, while Bloomberg noted Lumentum’s 2028 capacity sell‑out outlook boosting sector sentiment.
Senior Vice President Gary Ruland said the thick epitaxy capability enables higher efficiency and power density in critical energy‑infrastructure and AI‑datacenter applications.