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Wajeeh Khan

RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for Space

Rocket Lab RKLB

Rocket Lab (RKLB) shares are in the spotlight on Wednesday after the space company unveiled a new high-efficiency solar cell designed specifically for spacecraft. In its press release, RKLB said its new Inverted Metamorphic (IMM) Apex cell delivers 31.5% beginning-of-life efficiency while weighing about 40% less than conventional alternatives.

The announcement comes as Rocket Lab stock has fallen out of favor with investors, currently down about 55% versus its year-to-date high.

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