POET - POET: Strengthened Capital Base And A Big Deal Win (Rating Upgrade)
2024-06-04 03:54:27 ET
Summary
- POET Technologies has experienced a positive change in perception, leading to increased interest and trading volume for the stock.
- It has raised significant cash through private placements, mitigating its initially increased financing risk.
- The company has achieved an important design win with Foxconn Interconnect Technology, validating its technology and gaining a strong partner for commercialization.
- I am upgrading my rating for POET amid better visibility, lower risk, and increasing commercial traction. The company is now a STRONG BUY.
Since my initial analysis of POET Technologies Inc. ( POET ), in which I initiated a BUY rating on the stock, the company has experienced a positive change in perception due to a YouTube video from "Ticker Symbol: YOU". The video already received about 150,000 views and named POET as a potentially big winner in the hot AI equipment market, which led to an explosion in interest and trading volume for the stock....
POET: Strengthened Capital Base And A Big Deal Win (Rating Upgrade)