CPSH: The AlSiC Bottleneck Play

CPSH: 60% drop, Wave 3 setup, EV/AI/defense demand. Can margins recover before valuation derails the story?

In late June 2026, CPS Technologies’ stock(CPSH 0.00%↑) price stood at $5.79. This represents more than double the year’s low of $2.10, yet it has fallen nearly 60% from the peak of $14.39 reached at the end of January. With a market capitalization of approximately $112 million, it remains a typical micro-cap stock on Nasdaq.

Business

CPS Technologies was founded in 1984 and is headquartered in Norton, Massachusetts, with about 117 employees. The company specializes in metal matrix composites, with its core product being aluminum silicon carbide (AlSiC), used for high-performance thermal management and hermetic packaging. Its downstream applications span electric vehicle power electronics modules, renewable energy and grid infrastructure, high-speed rail, 5G communications, aerospace, defense, and high-reliability electronics.