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California Nanotechnologies ( (TSE:CNO) ) has provided an update.
California Nanotechnologies Corp. has secured two purchase orders worth approximately $196,250 from a U.S.-based company for the production of boron-carbide reactor control rods for small modular nuclear reactors. This development highlights Cal Nano’s capability to meet accelerated timelines and specifications, reinforcing its position as a key player in the nuclear supply chain. The orders will be fulfilled at their Santa Ana facility using advanced sintering technologies, and the company is also set to host an SPS/FAST Experts Workshop in 2026, showcasing their expertise and facilities.
The most recent analyst rating on (TSE:CNO) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on California Nanotechnologies stock, see the TSE:CNO Stock Forecast page.
Spark’s Take on TSE:CNO Stock
According to Spark, TipRanks’ AI Analyst, TSE:CNO is a Neutral.
The overall stock score is primarily influenced by strong financial performance in terms of revenue growth and cash flow generation, despite profitability challenges and high leverage. Technical analysis indicates a bearish trend with potential short-term overbought conditions. Valuation concerns due to a negative P/E ratio and lack of dividend yield further impact the score.
To see Spark’s full report on TSE:CNO stock, click here.
More about California Nanotechnologies
California Nanotechnologies Corp. (Cal Nano) is a company specializing in advanced material science, focusing on processing metallurgic powders into parts. Headquartered in Greater Los Angeles, California, it operates two manufacturing facilities catering to industries such as aerospace, renewable energy, defense, and semiconductors. The company is trusted by global leaders to push the boundaries of applied material science.
Average Trading Volume: 73,164
Technical Sentiment Signal: Sell
Current Market Cap: C$19.47M
For detailed information about CNO stock, go to TipRanks’ Stock Analysis page.