Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Nanoco Group plc ( (GB:NANO) ) has issued an announcement.
Nanoco Group plc has filed an answer and counterclaims in the US District Court for the Eastern District of Virginia against Shoei Chemical Inc. and Shoei Electronic Materials, Inc., alleging infringement of several of its US patents covering quantum dot technology. The move follows Shoei’s earlier declaratory judgment action seeking a ruling of non-infringement after it acquired most of the assets of rival quantum dot maker Nanosys in 2023, and targets a supplier embedded in the global technology supply chain. Nanoco, represented by Dallas-based IP firm Caldwell, Cassady and Curry, is funding the case from existing cash reserves and expects the trial to be heard in 2026, positioning the litigation as part of its broader strategy to defend and monetise its intellectual property following successful actions against Samsung and LG, while cautioning shareholders about the inherent risks and uncertain financial outcomes of the lawsuit.
The most recent analyst rating on (GB:NANO) stock is a Hold with a £11.50 price target. To see the full list of analyst forecasts on Nanoco Group plc stock, see the GB:NANO Stock Forecast page.
Spark’s Take on GB:NANO Stock
According to Spark, TipRanks’ AI Analyst, GB:NANO is a Neutral.
Nanoco Group plc’s overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and cash flow metrics, and a weak balance sheet. While the earnings call provided some positive strategic insights, the technical analysis and valuation metrics indicate bearish sentiment and financial challenges. The company’s efforts in the image sensor market and reduction in cash burn are positive, but they are overshadowed by ongoing financial instability and market challenges.
To see Spark’s full report on GB:NANO stock, click here.
More about Nanoco Group plc
Nanoco Group plc, listed on the London Stock Exchange, is a specialist in the development and manufacture of cadmium-free quantum dots and other nanomaterials derived from its proprietary technology platform, supplying advanced materials used in display, electronics and other high-tech applications across global markets.
Average Trading Volume: 369,948
Technical Sentiment Signal: Sell
Current Market Cap: £14.56M
For detailed information about NANO stock, go to TipRanks’ Stock Analysis page.