Planet Labs (PL) Climbs to Fresh High on Data Products Commercial Availability

We recently published Market in Pain? Not For These 10 Celebrating Stocks. Planet Labs PBC (NYSE:PL) is one of the top performers on Tuesday.

Planet Labs saw its share prices soar to a new all-time high on Tuesday, as investor sentiment was boosted by the commercial availability of data products that aim to support analyses of the Earth’s surface and atmosphere.

In intra-day trading, Planet Labs PBC (NYSE:PL) rose to its highest 52-week price of $12.13 before paring gains to end the day just up by 8.46 percent at $12.05 apiece.

In a statement, the company said core imagery products from its Tanager-1 satellite, such as radiance and surface reflectance data, as well as Methane Quicklook developed along with Carbon Mapper, are now commercially available.

Tanager-1 has provided data used by Carbon Mapper to detect and quantify thousands of methane and 5,500 plumes across nearly 3,200 sources. This is in addition to its collection of over 69,000 data points, consisting of over 31 million square kilometers globally.

According to Planet Labs PBC (NYSE:PL), its data products can support a wide array of applications, including mineral mapping, biodiversity and ecosystem health, agricultural management, urban area mapping, disasters, and wildfire risk and response.

While we acknowledge the potential of PL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.