- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
December 11th, 2007
Altair Nanotechnologies, Inc.: Charging toward a future of small particles
Nanotechnology is still a business of the future. Although great strides have been made in creating the technology of the ultra small, very few commercial products have yet made any money for their developers. Altair Nanotechnologies, Inc. (Nasdaq: ALTI) is a case in point. The Reno, Nev.-based company has so far delivered just 14 products — lithium ion batteries for electric cars — and those cars have yet to hit the market.
But the company has several development contracts and joint ventures with big corporations in the works, including paint maker Sherwin-Williams Company (NYSE: SHW) and drug makers Eli Lilly & Co. (NYSE: LLY) and Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI). If those ventures play out successfully, its tiny particles could prove to have a very big future.
From a peak of nearly $8 per share in 2000, the stock dropped to penny stock territory by mid-2003. It has steadily recovered since then, closing at $4.43 on Monday, with a market cap of $312 million, and is now flirting with the low end of analysts' targets. Three brokers polled by Thomson/First Call have price targets ranging from $5 to $6. Its 52-week high is $5.45, reached in October, and the low was $2.48, reached in January.
|Related News Press|
Forge Nano raises $20 million in Series A Funding: Nano coating technology innovator Forge Nano will use funding to expand manufacturing capacity and grow Lithium-Ion battery opportunities November 3rd, 2016
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016
Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage
Novel Electrode Structure Provides New Promise for Lithium-Sulfur Batteries December 3rd, 2016
A Phone That Charges in Seconds? UCF Scientists Bring it Closer to Reality November 21st, 2016