Needham initiated coverage on The Elmet Group Co. with a new price target
$ELMT
Metal Fabrications
Industrials
Needham initiated coverage of The Elmet Group Co. with a rating of Buy and set a new price target of $21.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/18/2026 | $20.00 | Overweight | Cantor Fitzgerald |
| 5/18/2026 | $21.00 | Buy | Roth Capital |
| 5/18/2026 | $21.00 | Buy | Needham |
| 5/18/2026 | $20.00 | Buy | Canaccord Genuity |
4 - Elmet Group Co. (0002101698) (Issuer)
4 - Elmet Group Co. (0002101698) (Issuer)
GORHAM, Maine, June 02, 2026 (GLOBE NEWSWIRE) -- Microwave Techniques, an innovative manufacturer of high-power microwave components and RF solutions, and wholly-owned subsidiary of The Elmet Group Co. (NASDAQ:ELMT), today announced it has entered into a definitive license agreement with Brookhaven Science Associates (BSA), operator of Brookhaven National Laboratory (BNL), for the ARC Sentry arc detector technology. The agreement grants Microwave Techniques a non-exclusive copyright license to manufacture and commercialize the ARC Sentry system. The ARC Sentry is an arc detection platform designed to protect critical RF infrastructure from damage caused by arcing in high-power environmen
Demand accelerating in Aerospace, Defense & Government markets Successfully completed an upsized IPO, raising $125.5 million in net proceeds in Q2 Revenue increased nearly 21%, with over 250 basis points of gross profit margin expansion driving adjusted EBITDA increase of 106% Backlog increased by nearly 52% to record level of $113 million PORTLAND, Maine, May 29, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet," the "Company," "we," or "our") (NASDAQ:ELMT), a U.S.-based provider of precision-engineered components and advanced high-power systems, today reported financial results for its fiscal first quarter ended April 3, 2026. First Quarter Fiscal Year 2026 Highlights Revenue i
PORTLAND, Maine, May 26, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (NASDAQ:ELMT) ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, will ring the Nasdaq Closing Bell on Friday, May 29, 2026, in recognition of its recent initial public offering. Representing the entire Elmet team, a group of frontline manufacturing employees and senior leaders will join Chairman and CEO Peter V. Anania to ring the bell, celebrating the hard work of the team behind Elmet's mission. "This ceremony celebrates the many years of hard work from our collective team that led to our successful Nasdaq listing," said Anania. "We appreciate the su
Cantor Fitzgerald initiated coverage of The Elmet Group Co. with a rating of Overweight and set a new price target of $20.00
Roth Capital initiated coverage of The Elmet Group Co. with a rating of Buy and set a new price target of $21.00
Needham initiated coverage of The Elmet Group Co. with a rating of Buy and set a new price target of $21.00
3 - Elmet Group Co. (0002101698) (Issuer)
4 - Elmet Group Co. (0002101698) (Issuer)
4 - Elmet Group Co. (0002101698) (Issuer)
SCHEDULE 13G/A - Elmet Group Co. (0002101698) (Subject)
8-K - Elmet Group Co. (0002101698) (Filer)
10-Q - Elmet Group Co. (0002101698) (Filer)
PORTLAND, Maine, May 20, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, will hold a conference call and webcast on Friday, May 29, 2026 at 9:00 a.m. Eastern Time to discuss its financial results for the quarter ended April 3, 2026. A press release with additional information will be issued prior to the call. Elmet management will host the conference call, followed by a question and answer period. Date: Friday, May 29, 2026Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)U.S. dial-in number: 877-869-3847International number: +1 201-689-8261Webcast: Register and Join Pl