Key Takeaways PL stock has jumped 402.4% in a year, outpacing its sector, industry and the S&P 500 composite.Strong subscription growth, a $734.5M backlog and government demand support revenue visibility.Despite gains, PL remains unprofitable with high costs and a price-to-sales ratio far above industry norms.Shares of Planet Labs (PL) have gained 402.4% in a year, outperforming the industry, its sector as well as the Zacks S&P 500 composite. Planet Labs is a leading provider of Earth-imaging data and geosp ...

Shares of Planet Labs (PL) jumped over 12% on Monday after the company announced a major new contract with the Swedish Armed Forces. The ongoing rally in Planet Labs stock reflects growing investor confidence in the company’s expanding role in global security and geospatial intelligence. The recent agreement, described as a multi-year, low-nine-figure deal, will see Planet rapidly deliver a suite of satellites, along with space-based data and situational awareness solutions. More News from Barchart Pl ...