SES AI Shares Soar 18.51% on $30M Buyback, Record Q1 Revenue
1min read SES AI(SES) shares surged 18.51% today, marking the third consecutive day of gains, with a cumulative increase of 27.00% over the past three days. The share price reached its highest level since February 2025, with an intraday gain of 24.66%.
SES AI's stock price movement can be attributed to the company's recent announcement of a $30 million share repurchase program. This buyback initiative is expected to reduce the number of shares available in the market, potentially increasing the value of the remaining shares. The program is seen as a positive signal to investors, indicating the company's confidence in its future prospects and its commitment to returning value to shareholders.
In addition to the share repurchase program, ses ai reported record first-quarter 2025 revenue. This strong financial performance has bolstered investor confidence and contributed to the recent surge in the stock price. The company's ability to generate record revenue in the first quarter of 2025 suggests robust business operations and a positive outlook for the remainder of the year. Investors are optimistic about ses AI's growth potential and its ability to continue delivering strong financial results.
Ask Aime: What's behind SES AI's (SES) 18.51% surge, and can it continue?
