Why Planet Labs Stock Bounced Back Monday
Planet Labs (NYSE: PL) stock tumbled 11% through the closing bell Friday after "missing" on its fiscal Q4 2025 earnings report and guiding investors to expect further misses throughout fiscal 2026 (which, by the company's calendar, is this year).
Shares of the tiny space company, which operates the world's biggest constellation of Earth observation satellites, bounced back Monday morning, however. Gaining 10% through 10:25 a.m. ET, Planet stock has recovered almost all of Friday's losses after announcing a big deal with the European Space Agency.
Planet describes the ESA contract as signed between the space agency itself "on behalf of the Hellenic Ministry of Digital Governance" and aiming "to support the Greek National SmallSat Programme" by complementing Greece's own satellite systems. The nation's Hellenic Space Center will coordinate distribution of satellite data from Planet within Greece, "optimizing tasking capabilities, and ensuring seamless integration across the downstream projects of the National satellite program."
Source Fool.com
