Coherent Corp. is assessing strategic options for its SHARP technology to enhance lithium-ion battery recycling efficiency.
Quiver AI Summary
Coherent Corp. announced it will explore strategic alternatives for its SHARP technology, which efficiently recycles critical metals from lithium-ion batteries (LiBs). As demand for LiBs rises due to applications in electric vehicles and energy storage, the importance of recycling these batteries grows. The SHARP process boasts over 97% recovery rates of essential metals like nickel, cobalt, and lithium while being significantly more cost-effective and environmentally friendly than traditional methods, with lower capital expenditures and carbon emissions. The technology has been successfully scaled and produces materials that meet the performance standards for high-performance LiBs. Coherent encourages interested investors to reach out for more information.
Potential Positives
- Coherent Corp.'s SHARP technology offers a highly efficient solution for recycling lithium-ion batteries, aligning with the growing demand for sustainable practices in the industry.
- The technology boasts impressive metrics, including over 97% recovery of critical metals and significantly reduced costs and environmental impact compared to traditional methods, positioning the company as a leader in innovation.
- Successful scaling and performance evaluation of SHARP material on par with pristine materials enhance the company's reputation for quality and reliability in supply chains for high-performance lithium-ion batteries.
Potential Negatives
- The announcement of evaluating strategic alternatives for SHARP technology could indicate that the company is struggling to find a clear direction or confidence in its current strategies, raising concerns among investors and stakeholders.
- The lack of specific details regarding potential partnerships or next steps for SHARP technology may lead to uncertainty about the future viability and competitive edge of the company's recycling processes in the rapidly growing market for lithium-ion battery recycling.
- Stating that the company does not anticipate making further public comments until a material development occurs may signal a lack of transparency and could lead to frustration among investors seeking timely updates on the status and potential of the SHARP technology.
FAQ
What is the SHARP technology developed by Coherent Corp.?
SHARP technology is an advanced recycling process for efficiently recovering critical metals from lithium-ion batteries.
Why is recycling lithium-ion batteries important?
Recycling lithium-ion batteries is crucial due to the increasing global demand driven by electric vehicles, energy storage, and electronics.
What are the benefits of SHARP technology?
SHARP offers high recovery rates, cost efficiency, a reduced environmental footprint, and eliminates the need for extensive metal separation.
How effective is SHARP in recovering metals?
SHARP technology boasts over 97% recovery of critical metals like nickel, cobalt, and lithium from battery waste.
Who can investors contact for more information about SHARP?
Interested investors can reach out to Tim Challingsworth, Vice President of Strategy and Corporate Development at Coherent.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$COHR Insider Trading Activity
$COHR insiders have traded $COHR stock on the open market 28 times in the past 6 months. Of those trades, 4 have been purchases and 24 have been sales.
Here's a breakdown of recent trading of $COHR stock by insiders over the last 6 months:
- HOWARD H. XIA has traded it 3 times. They made 0 purchases and 3 sales, selling 2,970 shares.
- CHRISTOPHER KOEPPEN (Chief Innovation Officer) has traded it 10 times. They made 0 purchases and 10 sales, selling 12,665 shares.
- JAMES ROBERT ANDERSON (CEO & President) has traded it 4 times. They made 4 purchases, buying 2,000 shares and 0 sales.
- JOSEPH J CORASANTI has traded it 2 times. They made 0 purchases and 2 sales, selling 18,210 shares.
- ELIZABETH PATRICK has traded it 2 times. They made 0 purchases and 2 sales, selling 5,542 shares.
- RONALD BASSO (Chief Legal & Compliance Off.) sold 4,741 shares.
- WALTER ROBERT II BASHAW (President) has traded it 6 times. They made 0 purchases and 6 sales, selling 6,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$COHR Hedge Fund Activity
We have seen 276 institutional investors add shares of $COHR stock to their portfolio, and 286 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DODGE & COX removed 3,374,245 shares (-24.1%) from their portfolio in Q3 2024
- FMR LLC added 3,281,346 shares (+86.4%) to their portfolio in Q3 2024
- INVESCO LTD. added 2,837,349 shares (+33.0%) to their portfolio in Q3 2024
- BLACKROCK, INC. added 2,620,795 shares (+21.3%) to their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. removed 1,833,740 shares (-43.9%) from their portfolio in Q3 2024
- WELLINGTON MANAGEMENT GROUP LLP added 1,478,447 shares (+39.2%) to their portfolio in Q3 2024
- WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,092,405 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PITTSBURGH, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that as a result of an ongoing strategic portfolio assessment, the company will evaluate strategic alternatives for its Streamlined Hydrometallurgical Advanced Recycling Process (SHARP) technology to efficiently recover and recycle critical metals from lithium-ion batteries (LiBs).
With the increasing global demand for LiBs, driven by electric vehicles, energy storage systems, electronics, and other applications, the recycling of end-of-life LiBs is more critical than ever. SHARP technology addresses this challenge by enabling the production of cathode precursors and materials suitable for new LiB production directly from LiB waste. Unlike traditional hydrometallurgical processes, SHARP eliminates the need for extensive critical metal separation and purification steps.
The benefits of the SHARP technology include:
High Recovery Rates:
>97% recovery of critical metals (Ni, Co, and Li)
Cost Efficiency vs. Common Processes:
55% lower CAPEX, 45% lower plant footprint, 60% lower reagents/utilities and 52% lower CO
2
emissions
Environmentally friendly:
zero liquid discharge, no toxic solid/gas/liquid waste
SHARP has been successfully scaled up, and its products have undergone rigorous evaluation. Results demonstrate that the materials produced perform on par with pristine materials in battery applications, confirming their suitability for high-performance lithium-ion batteries.
Interested investors are encouraged to contact Tim Challingsworth, Vice President, Strategy and Corporate Development, at
tim.challingsworth@coherent.com
. The company does not anticipate making further public comments regarding this matter until a material development occurs.
About Coherent
Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at
coherent.com
.
Media Contact
:
Amy Wilson
Corporate Communications & Investor Relations
corporate.communications@coherent.com