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Powercell: Good Momentum

2021-03-01

07:11

HA

ME

Henrik Alveskog

Mattias Ehrenborg

Redeye makes some positive adjustments to our forecasts following a promising Q4 report and recent events. Even if the game changing transition of the energy system is still a decade or so away, Powercell can still capture significant growth near-term. Last years’ sales growth of 55%, is encouraging and we believe the company will maintain its momentum over the next couple of years. We are now raising our estimates and valuation somewhat.

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