Coherent Corp Stock Price, News & Analysis

Coherent Corp. (NYSE: COHR) announced significant advancements in sustainability, achieving over 50% of its global electricity needs from renewable sources. The company powers more than 80% of its facilities worldwide with renewable electricity, totaling over 500 million kWh annually and avoiding 85,000 metric tons of CO₂ emissions. Notably, all European facilities run on 100% renewable power, and key sites in China are transitioning to the same. Coherent is committed to enhancing energy efficiency, with projects aimed at saving 15 million kWh this year. Additionally, efforts are underway to eliminate fossil fuel usage entirely, highlighted by a 50% reduction in fuel oil consumption at its Zurich facility, targeting complete elimination by 2025.

Coherent Corp. (NYSE: COHR) has successfully progressed to Phase 2 of its lithium-sulfur (Li-S) battery development, awarded by the U.S. Intelligence Advanced Research Projects Activity (IARPA). This follows a successful Phase 1 completion in October 2021. The RESILIENCE program aims to enhance energy densities by up to 2x and extend calendar life by 10x compared to commercial batteries. Coherent's proprietary technology focuses on high-energy-density sulfur cathodes, achieving up to 450 Wh/kg in Phase 2. This development targets applications in vehicles, renewable energy storage, and consumer electronics. The technology incorporates cobalt-free materials and allows for rapid charging and discharging, indicating significant advancements in battery performance and sustainability.

Coherent Corp. (NYSE: COHR) announced an innovative module architecture for ultracompact optical sensing, utilizing backside-emitting VCSEL arrays. This technology addresses the rising demand for compact optoelectronic subassemblies in consumer electronics, enabling high-performance functionality like pattern projection and flood illumination. The patented design, featuring a flip-chip assembly, enhances sensor accuracy by minimizing parasitic inductance. Key advancements include improved depth resolution and optical integration, with a focus on dynamic scene illumination. Coherent's patent portfolio includes U.S. patent 11,189,985 B2.

Coherent Corp. (NYSE: COHR) announced its live demonstration of groundbreaking 200G four-level pulse amplitude modulation (PAM4) laser technology at OFC 2023 in San Diego from March 7-9. This demonstration features a monolithic photonic integrated circuit (PIC) combining a distributed feedback laser (DFB) with a Mach-Zehnder modulator. It showcases innovations enabling 1.6T transceivers with a reach of up to 10 km. Dr. Beck Mason emphasized that this marks a significant achievement in optical communications, enhancing performance and signal integrity for high-density multichannel designs.

Coherent Corp. (NYSE: COHR) showcased its latest innovations in optical communications at OFC 2023 in San Diego, demonstrating a 200 Gbps optical transceiver and a co-packaged multimode optical engine operating at 50 Gbps NRZ. The 200G OSFP transceiver offers up to 2 km reach and is aimed at next-gen Ethernet switches. Additionally, the 800G multimode optical engine features 16 channels and is designed for high-demand applications like AI and machine learning, with low power consumption. These technologies highlight the company's commitment to advancing data networking solutions.

Coherent Corp. (NYSE: COHR) announced participation in OFC 2023, held from March 7-9 at the San Diego Convention Center. Key presentations include:

• Dr. Julie Sheridan Eng on optoelectronic components, March 7, 2:00 p.m.
• Dr. Lee Xu on PAM vs. Coherent connectivity, March 7, 12:15 p.m.
• Dr. Gert Sarlet on OpenZR+ MSA developments, March 8, 11:45 a.m.
• Dr. Jack J. Xu on ROADM technologies, March 9, 10:30 a.m.

Additionally, Dr. Giovanni Barbarossa will take part in a fireside chat at the Optica Executive Forum. Coherent focuses on innovative technologies across materials, networking, and lasers.