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KLP Kapitalforvaltning AS invests $1.7 million in Rocket Lab USA despite the company's negative financial metrics.
Institutional investor KLP Kapitalforvaltning AS bought 67,100 shares of Rocket Lab USA, a space company that provides launch services and space systems solutions.
The shares are valued at about $1.7 million.
Despite reporting negative financial metrics, including a net margin of -51.76% and return on equity of -39.47%, Rocket Lab USA received a "Moderate Buy" consensus rating from analysts with a target price of $23.06.
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KLP Kapitalforvaltning AS invierte $1,7 millones en Rocket Lab USA a pesar de las métricas financieras negativas de la compañía.