Poet Technologies Stock Plummets Amid Market Pullback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 38 minutes ago
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Should l Buy POET?
Source: Fool
- Stock Decline: Poet Technologies' stock fell by 12.6% on Monday, trading at $13.71 as of 2:05 p.m. ET, reflecting significant selling pressure on growth-oriented tech stocks amid broader market declines.
- Market Environment Impact: With the S&P 500 down 0.3% and the Nasdaq Composite down 0.7%, Poet's price drop is largely attributed to profit-taking by investors and a bearish market sentiment affecting tech stocks.
- Funding Deal Completion: The company announced the completion of a $400 million funding deal by selling approximately 19.05 million shares and corresponding warrants, which, while providing capital, poses substantial dilution risks for existing shareholders.
- Year-to-Date Performance: Despite the recent sharp decline, Poet's stock is still up about 120% year-to-date, indicating a significant valuation increase following a deal with Lumilens worth over $500 million.
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Analyst Views on POET
About POET
POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. Its Optical Interposer-based products consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition, it has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Its Optical Interposer platform solves device integration challenges across a range of communication, computing and sensing applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Poet Technologies Stock Soars 45.8% on Major Deal with Lumilens
- Stock Surge: Poet Technologies' stock surged 45.8% over the past week, closing with significant gains despite a pullback following its first-quarter earnings report, indicating strong market confidence in its future growth prospects.
- Major Contract Signed: On May 14, Poet announced a deal with Lumilens to provide optical technologies valued at approximately $50 million, with the potential for Lumilens to order over $500 million in hardware, signaling substantial future revenue opportunities.
- Fundraising Plan: In its first-quarter report, Poet revealed plans to raise about $400 million through the sale of new stock and warrants, which, despite the dilution risk for shareholders, will provide essential funding to support technological advancements and market expansion.
- Performance Metrics: Poet reported first-quarter sales of approximately $0.5 million, exceeding Wall Street analysts' expectations, but posted a wider-than-expected loss of $0.08 per share compared to the anticipated $0.05 loss, highlighting challenges in balancing revenue growth with cost management.
See More
Poet Technologies Stock Plummets Amid Market Pullback
- Stock Decline: Poet Technologies' stock fell by 12.6% on Monday, trading at $13.71 as of 2:05 p.m. ET, reflecting significant selling pressure on growth-oriented tech stocks amid broader market declines.
- Market Environment Impact: With the S&P 500 down 0.3% and the Nasdaq Composite down 0.7%, Poet's price drop is largely attributed to profit-taking by investors and a bearish market sentiment affecting tech stocks.
- Funding Deal Completion: The company announced the completion of a $400 million funding deal by selling approximately 19.05 million shares and corresponding warrants, which, while providing capital, poses substantial dilution risks for existing shareholders.
- Year-to-Date Performance: Despite the recent sharp decline, Poet's stock is still up about 120% year-to-date, indicating a significant valuation increase following a deal with Lumilens worth over $500 million.
See More
Reminder of Class Action for POET Technologies Securities
- Class Action Notice: Rosen Law Firm reminds investors who purchased POET Technologies securities between April 1 and April 27, 2026, to apply to be lead plaintiffs by June 29, 2026, to potentially receive compensation without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that POET Technologies made false or misleading statements regarding its tax status and business prospects during the class period, which could lead to negative tax implications for investors and threaten the company's valuation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, being ranked first in 2017 for the number of settlements, showcasing its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with a proven track record to ensure effective legal support in class actions, avoiding firms that merely act as intermediaries without substantial litigation experience.
See More
POET Technologies Shares Plunge 47.3% Following Lawsuit Over Misleading Statements
- Stock Price Collapse: POET Technologies' shares plummeted 47.3% on April 27, 2026, after the company disclosed the cancellation of all purchase orders from Celestial AI, resulting in a loss of $7.15 per share and nearly halving the company's market capitalization, severely undermining investor confidence.
- False Promises: The company's CFO claimed during a public interview on April 21, 2026, that shipments to Celestial AI were imminent; however, just six days later, all orders were canceled due to confidentiality breaches, revealing that the relationship with this key customer was not as robust as portrayed.
- Legal Action: A lawsuit has been filed by investors alleging that the CFO's public statements were materially false and misleading, asserting that he violated confidentiality agreements with Marvell, leading investors to purchase shares at inflated prices and suffer significant losses.
- Investor Action Required: Affected investors are encouraged to file claims before the June 29, 2026 deadline to recover their losses, highlighting a pressing need for accountability and transparency in corporate governance.
See More
POET Technologies Closes $400 Million Direct Offering
- Significant Fundraising: POET Technologies successfully raised $400 million through a non-brokered direct offering of 19,047,620 common shares and warrants to a single institutional investor, reflecting strong market confidence in its photonic integrated circuit technology.
- Strategic Expansion Plans: The company intends to utilize the proceeds to accelerate its strategic roadmap across manufacturing infrastructure, R&D, and corporate development, aiming to increase manufacturing capacity tenfold to support high-volume production by 2027.
- Accelerated Talent Acquisition: In line with its manufacturing scale-up, POET has increased its global headcount to over 115, focusing on hiring in engineering, technical, and management roles to enhance its technological capabilities and market competitiveness.
- Enhanced Market Competitiveness: By leveraging agreements with Lumilens and pursuing other high-volume opportunities, POET aims to build increasingly competitive optical solutions, which is expected to further strengthen its position in the AI infrastructure market and drive long-term growth.
See More
Trump Intensifies Warnings to Iran, Crude Prices Surge
- Crude Price Surge: Following President Trump's stern warnings to Iran, crude oil prices approached two-week highs, indicating market sensitivity to geopolitical risks that could lead to increased energy costs and impact the global economy.
- Military Meeting Scheduled: Trump is expected to hold a Situation Room meeting on Tuesday to discuss military options regarding Iran, a move that may heighten market uncertainty and affect investor confidence and stock performance.
- U.S.-China Trade Agreements: Following a meeting between Trump and President Xi Jinping, multiple trade deals were announced, including China agreeing to purchase $17 billion in U.S. agricultural goods annually, which could help ease trade tensions and potentially boost related sectors.
- Market Pressure: U.S. stock futures faced pressure after a record-setting week, with S&P 500 and Nasdaq futures declining, reflecting investor caution ahead of the earnings season and ongoing geopolitical tensions.
See More
Poet Technologies Stock Soars 45.8% on Major Deal with Lumilens
- Stock Surge: Poet Technologies' stock surged 45.8% over the past week, closing with significant gains despite a pullback following its first-quarter earnings report, indicating strong market confidence in its future growth prospects.
- Major Contract Signed: On May 14, Poet announced a deal with Lumilens to provide optical technologies valued at approximately $50 million, with the potential for Lumilens to order over $500 million in hardware, signaling substantial future revenue opportunities.
- Fundraising Plan: In its first-quarter report, Poet revealed plans to raise about $400 million through the sale of new stock and warrants, which, despite the dilution risk for shareholders, will provide essential funding to support technological advancements and market expansion.
- Performance Metrics: Poet reported first-quarter sales of approximately $0.5 million, exceeding Wall Street analysts' expectations, but posted a wider-than-expected loss of $0.08 per share compared to the anticipated $0.05 loss, highlighting challenges in balancing revenue growth with cost management.
See More
Poet Technologies Stock Plummets Amid Market Pullback
- Stock Decline: Poet Technologies' stock fell by 12.6% on Monday, trading at $13.71 as of 2:05 p.m. ET, reflecting significant selling pressure on growth-oriented tech stocks amid broader market declines.
- Market Environment Impact: With the S&P 500 down 0.3% and the Nasdaq Composite down 0.7%, Poet's price drop is largely attributed to profit-taking by investors and a bearish market sentiment affecting tech stocks.
- Funding Deal Completion: The company announced the completion of a $400 million funding deal by selling approximately 19.05 million shares and corresponding warrants, which, while providing capital, poses substantial dilution risks for existing shareholders.
- Year-to-Date Performance: Despite the recent sharp decline, Poet's stock is still up about 120% year-to-date, indicating a significant valuation increase following a deal with Lumilens worth over $500 million.
See More
Reminder of Class Action for POET Technologies Securities
- Class Action Notice: Rosen Law Firm reminds investors who purchased POET Technologies securities between April 1 and April 27, 2026, to apply to be lead plaintiffs by June 29, 2026, to potentially receive compensation without any out-of-pocket fees.
- Lawsuit Background: The lawsuit alleges that POET Technologies made false or misleading statements regarding its tax status and business prospects during the class period, which could lead to negative tax implications for investors and threaten the company's valuation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, being ranked first in 2017 for the number of settlements, showcasing its expertise and success in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with a proven track record to ensure effective legal support in class actions, avoiding firms that merely act as intermediaries without substantial litigation experience.
See More
POET Technologies Shares Plunge 47.3% Following Lawsuit Over Misleading Statements
- Stock Price Collapse: POET Technologies' shares plummeted 47.3% on April 27, 2026, after the company disclosed the cancellation of all purchase orders from Celestial AI, resulting in a loss of $7.15 per share and nearly halving the company's market capitalization, severely undermining investor confidence.
- False Promises: The company's CFO claimed during a public interview on April 21, 2026, that shipments to Celestial AI were imminent; however, just six days later, all orders were canceled due to confidentiality breaches, revealing that the relationship with this key customer was not as robust as portrayed.
- Legal Action: A lawsuit has been filed by investors alleging that the CFO's public statements were materially false and misleading, asserting that he violated confidentiality agreements with Marvell, leading investors to purchase shares at inflated prices and suffer significant losses.
- Investor Action Required: Affected investors are encouraged to file claims before the June 29, 2026 deadline to recover their losses, highlighting a pressing need for accountability and transparency in corporate governance.
See More
POET Technologies Closes $400 Million Direct Offering
- Significant Fundraising: POET Technologies successfully raised $400 million through a non-brokered direct offering of 19,047,620 common shares and warrants to a single institutional investor, reflecting strong market confidence in its photonic integrated circuit technology.
- Strategic Expansion Plans: The company intends to utilize the proceeds to accelerate its strategic roadmap across manufacturing infrastructure, R&D, and corporate development, aiming to increase manufacturing capacity tenfold to support high-volume production by 2027.
- Accelerated Talent Acquisition: In line with its manufacturing scale-up, POET has increased its global headcount to over 115, focusing on hiring in engineering, technical, and management roles to enhance its technological capabilities and market competitiveness.
- Enhanced Market Competitiveness: By leveraging agreements with Lumilens and pursuing other high-volume opportunities, POET aims to build increasingly competitive optical solutions, which is expected to further strengthen its position in the AI infrastructure market and drive long-term growth.
See More
Trump Intensifies Warnings to Iran, Crude Prices Surge
- Crude Price Surge: Following President Trump's stern warnings to Iran, crude oil prices approached two-week highs, indicating market sensitivity to geopolitical risks that could lead to increased energy costs and impact the global economy.
- Military Meeting Scheduled: Trump is expected to hold a Situation Room meeting on Tuesday to discuss military options regarding Iran, a move that may heighten market uncertainty and affect investor confidence and stock performance.
- U.S.-China Trade Agreements: Following a meeting between Trump and President Xi Jinping, multiple trade deals were announced, including China agreeing to purchase $17 billion in U.S. agricultural goods annually, which could help ease trade tensions and potentially boost related sectors.
- Market Pressure: U.S. stock futures faced pressure after a record-setting week, with S&P 500 and Nasdaq futures declining, reflecting investor caution ahead of the earnings season and ongoing geopolitical tensions.
See More
