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In 2025, Navitas (NVTS) announced a strategic pivot that was called “Navitas 2.0.” This entailed a focus on high-power markets like AI data centers, energy, and grid infrastructure. However, this pivot has had little impact on NVTS stock, which has traded sideways over the last 52 weeks.
That said, the business continues to progress in the right direction in an attractive market. According to Navitas, the focus on high-power markets implies a serviceable addressable market of $3.5 billion by 2030. Therefore, there is ample headroom for growth, and the company’s backlog has been swelling.
