11 Best 3D Printing and Additive Manufacturing Stocks To Buy

Page 4 of 10

7. Proto Labs, Inc. (NYSE:PRLB)

Number of Hedge Fund Holders: 17

Proto Labs, Inc. (NYSE:PRLB) operates a proprietary quoting platform that specializes in rapid prototyping and on-demand manufacturing by using 3D printing, CNC machining, and injection molding. The company caters to industries such as medical devices, electronics, and automotive.

Proto Labs, Inc. (NYSE:PRLB) is refining its portfolio of fulfillment options to optimize its consolidated gross margin. The company has announced the closing of its prototype injection molding facility in Eschenlohe, Germany, and discontinue direct metal laser sintering (DMLS) manufacturing services through its factory operation in Europe. By taking these steps, Proto Labs, Inc. (NYSE:PRLB) aims to realign its resources and focus on high-growth areas, such as 3D printing and additive manufacturing, where the company believes it can leverage its expertise and capabilities to deliver greater value to our customers.

Proto Labs, Inc.’s (NYSE:PRLB) recent collaboration with Harley-Davidson Factory Racing, where Harley-Davidson’s engineering team used Proto Labs, Inc.’s (NYSE:PRLB) digital manufacturing services to prototype, test, and order parts for their racing motorcycles within a few days is a prime example of how its digital manufacturing services can enable customers to drive innovation and improve performance.

Page 4 of 10