nLight initiated with a Buy at Roth Capital

Roth Capital initiated coverage of nLight (LASR) with a Buy rating and $44 price target The firm sees the company benefiting from being a pure-play directed energy laser provider. Roth believes “several forces” are driving directed energy weapon adoption that will accelerate over the next decade. nLIGHT provides both laser and sensing solutions to prime defense contractors and is positioned to be a technology leader during this investment cycle by defense departments, the analyst tells investors in a research note.