Velo3D Inc. opened a new 288,747 sq. foot advanced manufacturing facility in Livermore, California, to scale production capacity for the aerospace and defense sectors. The expansion aims to triple production capacity to meet growing demand as manufacturers transition from prototyping to full-scale production. The stock has shown volatility this week, initially falling about 6% on Tuesday before rising 5.60% to $16.98 on Thursday, as investors weigh the expansion against a recent short-seller report and bullish analyst coverage.

The stock's movement follows a 10.5% rally on Monday after Velo3D joined the Russell 3000 Index and the Russell Microcap Index. Chief Executive Officer Arun Jeldi said the index additions broaden the company's visibility among institutional investors. However, shares remain under pressure after Morpheus Research published a bearish report on June 25 questioning the strength of Velo3D's aerospace and defense business and accusing the company of overstating its prospects.

The short report contrasts with a bullish view from Needham analyst Austin Bohlig, who initiated coverage on June 25 with a Buy rating and a $33 price forecast. Bohlig said the company's metal additive manufacturing platform is becoming a critical enabling technology for the reindustrialization of the U.S. aerospace and defense industrial base. Needham expects Velo3D to generate $65 million in revenue in 2026.

The Livermore campus includes approximately 270,000-square-feet of manufacturing space with more than 36-foot clear heights, totaling nearly 10 million cubic feet of volume. The vertical headroom provides Velo3D the clearance to install large-format systems and to scale to taller builds as technology evolves. The facility is designed to support the installation of more than 40 large-format additive manufacturing systems, with infrastructure to accommodate more than 100 systems over the next couple of years.

The new campus complements the company's Fremont headquarters, which will remain the hub for research and development, applications engineering, and prototyping. Technical indicators show the stock is trading 46.4% above its 200-day SMA ($12.10) and 15.8% above its 100-day SMA ($15.29), though it remains below its 20-day and 50-day SMAs. Key resistance is identified at $18.00, while support sits at $15.00.

Velo3D Inc shares are trading higher Monday after the company was added to the Russell 3000 Index and the Russell Microcap Index, effective when the US market opened on June 29 as part of the 2026 Russell index reconstitution. The inclusion follows a ranking of the 4,000 largest US stocks by total market capitalization as of April 30, positioning the additive manufacturing company within a significant market benchmark. CEO Arun Jeldi described the index additions as a significant step for the company, highlighting progress in improving operations, advancing its metal additive manufacturing capabilities and increasing shareholder value.

Membership in the Russell 3000 Index ensures automatic inclusion in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership primarily through objective, market-capitalization rankings and style attributes. Russell indexes serve as core tools for institutional investors and index fund managers, with roughly $12.2 trillion in assets benchmarked to the Russell U.S. index family as of the end of May 2026.

Index Inclusion Details

Market Performance and Analyst Ratings

Velo3D shares were up 9.13% at $18.17 at the time of publication on Monday. The stock carries a Buy rating with an average price target of $26.50. Recent analyst moves include Needham initiating with a Buy rating and a target of $33.00 on June 25, and Lake Street maintaining a Buy rating while raising its target to $20.00 on May 13.

Critical Levels To Watch

Velo3D’s broader trend remains constructive, with the stock holding 18% above its 100-day simple moving average at $15.16 and 50.5% above its 200-day simple moving average at $11.88. Short-term action is more uneven, as shares sit 17% under the 20-day simple moving average at $21.54 and 4.7% below the 50-day simple moving average at $18.76. The RSI is at 45.52, indicating neutral momentum. Key resistance is at $18.00, while key support is at $15.00.