Bridger Aerospace Shares Rise On New Wildfire Response Contracts

benzinga_article
2026.05.11 15:33
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Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) saw its shares rise 10.95% to $1.88 after securing U.S. Forest Service contracts worth at least $30 million for 2026. The contracts involve four CL-415EAF "Super Scooper" aircraft, extending operational readiness with a guaranteed flying period of 160 days, the longest in the company's history. The next financial update is expected on Aug. 6, with an EPS estimate of a loss of 6 cents and revenue estimate of $37.44 million. The stock carries a Buy rating with a consensus price target of $5.