Nano Stocks

Industrial Nanotech has entered into an agreement with the Indian company Angstrom Technology a division of A.L. Batra Group of Industries in order to gain access to the Indian market. Industrial Nanotech through this agreement will gain a distribution channel for its Nansulate coating product.

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A123 Systems (NASDAQ:AONE) is up over 14% in midday trading. The move comes on news that A123 along with Detroit Edison will recieve a $5M Department of Energy research grant. The grant is meant to support research examining the potential for Lithium-ion electric car batterys to store emergency energy for the power grid. The grant is part of the government’s $620M R&D stimulus program.

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Goldman Sachs began its coverage of battery maker A123 Systems (NASDAQ: AONE) last week. Goldman placed a $14 price target on the company along with a neutral rating. A123 produces a range of lithium-ion batteries. The stock last traded at $14.53 and has traded down for most of the last month as it has slid from a high of $28.20 in the days after its IPO.

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In a recent NASA space mission the survivability of nanotube-based NRAM memory was demonstrated. NRAM is developed jointly by Nantero and Lockheed Martin (NYSE: LMT). Harris & Harris (NASDAQ: TINY) is one of the primary investors in Nantero.

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Disclaimer: Kevin Rippey owns shares in TINY

Biogen and Elan’s (NASDAQ: ELN) multiple sclerosis drug Tysabri has been a subject of serious concern as a rare brain infection PML has been a known side effect of the drug. However, more recent reports have shown that the frequency as well as the severity of the side effect is not as grave as originally thought. In fact, initial estimates of the frequency of PML as a side effect was 1/1000. However, data collected over the past 4 years has shown that the frequency is closer to 1/2500.

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The nanotech space continues to see major movement. Today two stocks jumped more than 10%. Headwaters (NYSE: HW) moved 11.65% to the upside while pSivida (NASDAQ: PSDV) gained 14.89%. Nanostockblog reported in depth on pSivida’s latest operating results earlier this week here.

Cabot Corp. (NYSE: CBT) has declared a dividend of $0.18 per share. The stock has an overall yield of 3%. The materials manufacturer has paid dividends every quarter for the past 22 years and is a great play for investors looking for a yield play. Overall, the stock has traded in a wide range from $7.97-$24.99 in the last 52 weeks. Today it closed at $23.08.

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Today had two major movers. To the upside Accelrys (NASDAQ: ACCL) +10.56% and on the downside Nanometrics (NASDAQ: NANO) -14.45%. Accelrys made its largest gain since July while Nanometrics gave up some of its recent run up. Overall Nanometrics is still up almost 50% in the last five days.

pSivida (NASDAQ: PSDV) reported a consolidated loss of $1.6m or $0.09 per share for the quarter ended 9/30/09. This result compares to a net loss of $471,000 or $0.03 per share in the same quarter last year. pSivida produces nanobased sustained-release drug delievery systems for back-of-the-eye diseases.

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Altairnano’s (NASDAQ: ALTI) quick recharge battery system allows batteries for use in automotive applications to be recharged in 10-15 minutes and provide a range greater than 250 miles on a single charge. The first application of this technology is in a hybrid electric bus discussed here.

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