Powercell: Good Momentum

Research Note



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.



Henrik Alveskog

Mattias Ehrenborg

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