So during my deep dive into Space, cross checking names that Renaissance holds, I came across only two names under $1B MC.
> $SATL (~$1.4B MC now) - I called an entry for you at ~$3, now it's ~$9.60 (I hope you’re enjoying that 3x+).
> And $AMPG. Currently sitting at ~$98M MC.
(While I remain bullish on both names, I’ll lightly compare the two for the sake of this post)
The interesting part is the actual fundamentals behind it, backed by numbers...
$AMPG is debt-free (very rare for small caps), 165% revenue growth in 2025, $50M revenue guidance, with a $20M+ backlog. Imagine revenue being half your market cap… that’s asymmetry.
$AMPG is generating ~14x more revenue per dollar of MC than $SATL at this very moment. Meaning, they have similar revenue, but $SATL is trading at 14x more.
I can see why it's the only space-related name RenTec holds under $1B MC... it also has multi-sector exposure, (satellite, 5G, defense, quantum) making it a multi-thesis bet.
And you know me, I love those valuation gap fills.
If $AMPG scales towards $SATL's ~$1.4B MC, that's quite literally 14x from here.
And if you want direct product competitors, there's even more asymmetry (mind you $AMPG is in a unique position in its own unusual niche):
> $MTSI offers the same products and end markets. Sitting at ~$27B MC.
> $QRVO is a major RF/microwave competitor as well, which currently sits at ~$8B MC.
> From the defense aspect, $LHX is the most vertically integrated comparison at ~$58B MC.
As for technicals, using https://t.co/r8G8UwUxO6 indicators, we just got the third BD (final buy-signal) on the Weekly timeframe.
We've seen how this usually plays out.
I started a position after my research.
Will ride this for a while.
As usual, NFA.
