"POET fell 17.81% on April 29 and 48.32% over the past week, yet remains up 62.16% over the past year and 29.92% over the past month."
"The bull case rests on optical engine commercialization. POET secured a production order exceeding $5 million for optical engines and is targeting shipments of more than 30,000 optical engines in 2026."
"The bear case is concrete. The Rosen class action overhangs the stock, and Wolfpack flagged a seventh business pivot, repeated dilution, and rich valuation concerns."
POET Technologies experienced a significant decline in stock price due to a class action lawsuit alleging misleading statements. Despite a 48.32% drop recently, the company remains up 62.16% over the past year. Management is addressing concerns with plans for a QEF election and redomiciling to the U.S. The bull case hinges on successful commercialization of optical engines, with potential returns of 158.33%. However, risks include ongoing legal issues and market skepticism regarding business pivots and dilution.
Read at 24/7 Wall St.
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