EMKR 5.60 up 30% >> news:
9:36 EDT - Emcore's (EMKR) planned $150M sale of its space solar business is some $20M more than the company's market cap was, so that's why the stock is popping this morning. EMKR will still have operations in the cable and telecom-optical-component segments, but the space solar deal "materially increases the potential" for the rest of EMKR to get bought, says Needham. It thinks those operations are worth upwards of $150M combined. B Riley, meanwhile, hikes its price target to $10 from $6.50. Along with the deal came the announcement that CEO Hong Hou will step down when a replacement is found
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