** Shares of 3D printer co Stratasys SSYS.O up 20.1% on Mon to $11.18, about a 10-month high, after announcing equity investment from existing holder
** 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 it 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 has ~71.39 mln shares outstanding for roughly $800 mln market cap, per LSEG data
** With move on Mon, shares up ~25% YTD following ~38% decline in 2024
** Separately, shares of peer 3D Systems DDD.N up ~5% 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
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.