Navitas shares surge 20.39% after-hours as subsidiary rebrands to highlight lithium-ion battery innovation and growth.

Navitas Systems surged 20.39% in after-hours trading following the announcement of a new company brand identity, emphasizing its role as a leader in advanced lithium-ion battery solutions. The rebrand highlights the company’s deep research expertise, production capabilities, and alignment with East Penn Manufacturing’s 80-year manufacturing legacy. The move underscores Navitas Systems’ position in the rapidly growing North American lithium battery market, positioning it to deliver scalable energy storage solutions. This strategic rebranding, including a new logo, reflects the company’s commitment to innovation and customer-focused growth, likely boosting investor confidence in its long-term prospects. The second news event, referencing technical indicators for Navitas Semiconductor, is unrelated to the after-hours price movement of Navitas Systems.