Shares of Coherent Corp. were surging about 20% in Wednesday action and powering toward their best day in more than three years after the optoelectronics company announced a new product that it says will serve electric-vehicle applications.
Coherent’s COHR PH20 SmartWeld+ laser processing heads are “optimized for precision control of welding depths,” making them beneficial in EV use cases, the company, which changed its name from II-VI Inc. last year, said in a release.
“The…
