LPKF Laser's SpaceX Mirage Fades as All Eyes Shift to LIDE Orders and SDAX Promotion
12.06.2026 - 14:04:57 | boerse-global.de
The social-media spark that sent LPKF Laser shares soaring 16% on 11 June has all but fizzled out. By the next session, the stock had surrendered those gains and more, sliding 5% to €20.70 as the absence of any official confirmation left traders scrambling for the exits. The unverified claim—that the German laser specialist had become a SpaceX supplier—was never backed by an ad-hoc disclosure or a company comment, turning a speculative rally into a textbook case of buy-the-rumour, sell-the-fact.
With that detour out of the way, the market is refocusing on a concrete date: the end of the second quarter. CEO Klaus Fiedler has promised that the first production orders for LPKF's LIDE (Laser Induced Deep Etching) technology will land by June 2026. The process, used for high-precision glass processing in advanced semiconductor packaging, is already running in test and R&D environments at multiple chip customers, the company reports. But converting those trials into binding purchase orders within the next few weeks is essential to justify a share price that, despite today's pullback, has still roughly tripled since the start of the year.
The underlying numbers give both bulls and bears ammunition. First-quarter 2026 revenue slumped 32% year-on-year to €17.1 million, hammered by the struggling solar business. The EBIT loss widened to €6.9 million. On the plus side, order intake rose to €24.1 million from €20.5 million, yielding a healthy book-to-bill ratio of 1.4. The orders came mainly from the Development and Electronics segments, suggesting that the group's transformation programme, North Star, may be gaining traction.
Should investors sell immediately? Or is it worth buying LPKF Laser?
Institutional sentiment remains split. On one hand, LPKF is set to join the SDAX index after Deutsche Börse confirmed the promotion in its June review. That will force passive index funds to buy shares, creating a structural tailwind. On the other, hedge funds are circling: Voleon Capital Management now holds a net short position of 2.13%, a bet that the current valuation has overshot fundamentals. The 30-day annualised volatility of 143% reflects just how jittery the stock has become—every rumour and every data point triggers outsized moves.
The share price still sits 28% below its 52-week high of €30.00, and the distance to the 200-day moving average is a staggering 127%. That leaves LPKF in a precarious zone: if LIDE orders materialise by June, the bulls can claim their thesis was right all along. If the deadline passes without news, short sellers will have the upper hand, and the stock's rally will look increasingly like a house of cards built on speculation.
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LPKF Laser Stock: New Analysis - 12 June
Fresh LPKF Laser information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
