IIVIP - nLight: Upgrading This Laser-Focused Outfit On Multiple Positive Trends

• nLight is a leading and innovative company that makes laser-based products for the aerospace & defense, industrial, and micro-fabrication markets.
• nLight had a very strong Q4 EPS report and may be a target given recent consolidation action within the sector as exemplified by multiple bidders for Coherent.
• nLight recently took advantage of its strong stock price to raise ~$86 million in gross proceeds with a 2.5 million share offering at $34. The stock is ~$2.50/share cheaper now.
• Those developments, combined with the stock being down ~12% since my "neutral" rating last December, have me upgrading LASR from Neutral to BUY.

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