Poet Technologies initiated with an Outperform at Northland on unique technology

As previously reported, Northland initiated coverage of Poet Technologies (POET) with an Outperform rating and $6 price target based on the company’s status as an emerging supplier of integrated optical components for 800G+ AI Datacom. The recent collaboration with 100/200G EML laser supplier Mitsubishi Electric for 3.2T optical engines represents “a dramatic validation” of the company’s unique Optical Interposer component and materials technology, the analyst tells investors.