On June 29, Ouster rose 9.11% in regular trading, trading at $49.01 per share with turnover of $58.08 million. The rally was fueled by a cluster of recent positive catalysts spanning new partnerships and capacity expansion.
On June 17, Ouster formed a strategic agreement with AIM Intelligent Machines to retrofit heavy machinery and vehicles into AI-powered autonomous fleets for mining, construction, and defense applications using its digital lidar technology. The company also expanded its manufacturing partnership with Benchmark Electronics to ramp high-volume production of Rev8 sensors, with the framework supporting annual capacity exceeding 100,000 units. Additional collaborations with Fieldai for extreme-environment autonomous perception and ARGUS Interception for anti-drone defense systems have broadened the company's addressable market significantly.
Roth Capital previously initiated coverage with a buy rating and a $75 price target, well above the current trading level, reinforcing market expectations of accelerating commercialization. The company reported Q1 sales of $48.58 million, beating estimates of $46.27 million, while narrowing losses year-over-year.
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