PbS nanostructures with different morphologies were fabricated using a new sulfur source through a facile and low cost hydro(solvo)thermal method. The influence of different reaction factors such as sulfur source, temperature, reactant, solvent and surfactant on the size and morphology of the obtained PbS particles were investigated. Beside, a simple hydrothermal process at low temperature (60 °C) for little time (4 h), has been used for preparation of PbS nanoparticles (NPs)/functionalized multi wall carbon nanotubes (f-MWCNTs) nanocomposite. The as-prepared nanocomposite possesses excellent thermal and optical properties. Thermal stability increases by depositing PbS nanoparticles on the surface of CNT. The structure, morphology, thermal and optical properties of the as-prepared nanocompounds were studied by X-ray diffraction (XRD), Fourier transform infrared (FT-IR) spectroscopy, Scanning electron microscope (SEM), Energy-dispersive X-ray spectroscopy, Thermogravimetric analysis (TGA), Pl spectra and UV–Vis absorption spectra. Photoluminescence spectra of PbS NPs and nanocomposite are consist of two emission peaks which centered at around 402 and 423 nm, when excited at 350 nm. It was noteworthy that the blue luminescence intensity over PbS/f-CNT nanocomposite is very lower than that of pure PbS NPs. Remarkable blue-shift from bulk material was observed on the PbS nanoparticles using UV–Vis spectrum. Furthermore, possible growth mechanism of PbS nanostructures is presented.