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⚠️ STOCK WATCH ⬆ This EV BATTERY STOCK Has Over 100GWh Of OFFTAKE AGREEMENTS 💥 LOAD THE DIP?? 💰 - YouTube
Channel: Corns Investing
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What’s up everyone, as the markets keep
tumbling, we need to remain focussed on one
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area where there’s bound to be big opportunities
and catalysts once this is all over which is EVs.
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So we are going back to the ev battery supply
chain, as I bring you updates on two of our top
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ev battery stocks which are clearly ignoring
the current market activities and executing on
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their plans. And for these soon to be ev battery
giants, not only are analysts very bullish about
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them but they are also backed by some solid
partners and lots of offtake agreements.. So
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clearly no coincidence where, as outside the major
Chinese ev battery stocks these two stocks have
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some strong catalysts lined up for 2022, which is
just the last thing you want to ignore right now.
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That said please drop a quick like on the video
and hit the bell, so we can get on with it with
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our first stop, which is FREYR Battery SA (FREY)
which appears to be bouncing back strongly from
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its lows of $6.69 and currently sitting at $8.15
per share with a with a market cap of $952mn.
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Frey has descended by 23% over the last month on
the but given the plans they have in the tank,
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this is certainly one to hold for the long
long term, as we may not be seeing these price
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levels by year end. So if you need a decent
platform where you can hold gems like Frey
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you certainly want to check them out from my link
below. Thank you and here’s what’s new with Frey.
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FREYR recently secured a 28.5
GWh Offtake Agreement with Powin.
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And Powin here, is a global leader in the
design, manufacturing, and integration of safe
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and scalable battery energy storage solutions. So
Frey signed a conditional agreement for Powin to
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offtake battery cells produced by FREYR for
their energy storage system applications.
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The highlights include FREYR delivering 28.5 GWh
of battery cells to Powin from 2024 through to
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2030. The cells will originally be supplied from
FREYR’s combined Gigafactory 1 & 2 in Mo i Rana,
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Norway, and will subsequently be produced
at FREYR’s planned future U.S. Gigafactory.
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FREYR is looking to manufacture and deliver,
market leading cost-competitive made-in-USA
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lithium-ion battery cells, with a low
CO2 footprint, to be integrated by Powin
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into battery energy storage solutions
for the North American market and beyond.
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The conditional offtake agreement
with Powin brings FREYR’s cumulative
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offtake volumes to 78.8 GWh, representing
more than 67% of the projected capacity
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of FREYR’s planned combined Gigafactory
1 & 2 at Mo i Rana and more than 90%
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of targeted production under current ramp-up
and operational efficiency assumptions.
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What a positioned to be in before they have
even commenced production. Some brilliant stuff.
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FREYR also Reported First Quarter 2022 Results
and what you can see here is one offtake agreement
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after the other, which is just massive and goes
to tell you to size of the opportunity which lies
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ahead with Frey. They Signed conditional offtake
agreement (“COA”) with Powin LLC to supply 28.5
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GWh which we just spoke about. Secured a COA
with a leading global storage systems integrator
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to supply 15 GWh. Signed a COA with a major U.S.
renewables company to supply approximately 10 GWh.
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Advanced negotiations with
two additional companies,
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including a major commercial mobility company,
for COAs which are projected to represent
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approximately 100 GWh of estimated potential
cumulative demand from 2024 – 2030. Huge stuff.
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Tom Jensen, FREYR’s CEO commented that with three
new conditional customer offtake agreements signed
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and more in advanced stages of negotiations,
visibility is building to accelerate development
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beyond their initial combined Gigafactory 1
& 2. So they are already looking at further
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demand as their commercial momentum is
brining new opportunities to partner with
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world class organizations to finance our growth
ambitions, expand into the battery value chain,
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and deliver value to their shareholders.”
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Analyst at Seeking Alpha say FREYR is Charging
Up To Become A Leading Battery Manufacturer
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as FREYR is well positioned to capitalize on the
lithium ion battery boom. They say FREYR is able
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to leverage on the 24M battery technology to keep
battery costs competitive, improve performance,
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and at the same time produce one of the
most sustainable batteries globally.
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And 24M's partnership with Volkswagen
would be game changing, as VW is one
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of the world's largest vehicle companies with
great ambitions to transition quickly into EVs.
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FREYR's focus on being the cleanest
and most sustainable battery
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differentiates itself from other players as it can
leverage on low renewable costs and a sustainable
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localized supply chain being based in the Nordics.
Their price target price of $17.17 implies a 145%
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upside from current levels based on the assumed
P/S multiple of 4x based on 2024F financials.
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Next up to our number 2 ev battery banger on the
list for today which is Solid Power Inc (SLDP)
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which we first called here at $6.2 and it has
just hit those lows again and appears to have
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gone past those levels as it is now settling
at $8.42 per share and a market cap of $1.3bn.
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It is still significantly below its
all time highs of $14.85 per share
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following its Nasdaq debut but the outlook
certainly looks solid for Solid Power
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Solid Power, Inc. Announced their
First Quarter 2022 Financial Results.
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Their business highlights included:
Their EV cell pilot line installation
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process is nearing completion and expected to
begin producing EV-scale cells for internal
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testing during the third quarter.
Their Electrolyte production facility
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construction remains on track, with expected
completion in the second half of the year.
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Doug Campbell, their CEO added that “Solid Power
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is at the forefront of the development
of all-solid-state battery cells
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in an environment where they believe demand for
high performance cells continues to accelerate.
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And as they progress towards their operational
and technological targets, they remain focused
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on positioning Solid Power to build upon
their leadership position in the industry.”
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Their revenue for the first quarter of 2022
was $2.2 million, up from $0.5 million in the
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first quarter of 2021 with a Net loss was $10.3
million. They also reiterated their financial
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guidance for the year, with 2022 revenue expected
to range between $3.0 million to $5.0 million.
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So lots to look forward to as we
head towards the second half of 2022.
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So two solid ev battery stocks to
certainly have on your watchlist.
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So some very very interesting and
mindblowing prospects ahead for these stocks
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but only consider getting in if the price is
right for you and if you fully understand the
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risks. This video is not financial advice, a
buy or a sell recommendation, but is meant to
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bring some new and exciting stocks to your
attention for you to do your own research..
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As always I would love to hear from you, so
please let me know your thoughts on these top
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stocks in the comments section below and what
other stocks are catching your eyes lately.
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Thank you so much for being here and I look
forward to have you in my next video. Thank you
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