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Powercell: Good Momentum

Research Note

2021-03-01

07:11

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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.

HA

ME

Henrik Alveskog

Mattias Ehrenborg

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