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Investment outlook for EV battery manufacturers
BradlexdeRAugust 28, 2022 at 7:46 pm
About the 19th century gold rush It is often said that few prospectors have made a fortune out of the gold they mine, but many shovel sellers have made good money out of miners. Today, the electric car industry is experiencing a real boom: new, yet unknown manufacturers of electric cars are constantly appearing on the market. Some of these automakers promise mountains of gold to their shareholders and successfully build thousands of units. But only a few electric car manufacturers can boast relatively stable profits. Given the green craze these days, profitable electric car makers are worth their weight in gold, with stocks often trading at insane multiples. In most cases, a rational investor has nothing to do in the electric vehicle sector.
The company entered the market recently. On the website of the US Securities and Exchange Commission ( SEC ), the organization’s statements are available no older than 2019. However, even these meager data are informative, and we see that production is a startup with an annual revenue of about $ 8 million. However, at the operating level, the company is unprofitable and does not bring profit to shareholders. At the end of 2020 and the beginning of 2021, the company’s shares experienced significant growth, but during 2021, quotes were almost continuously declining.
Most likely, the industry of manufacturers of batteries for electric vehicles is not limited to the companies described. However, even a cursory glance at the financial performance of the enterprises examined is enough to understand whether it is worth investing in this sector. At the moment, the production of batteries for electric vehicles is not suitable for those investors who choose real cash flows in the foreseeable future, and not sometime later.
The article expresses the personal opinion of the author and is not an investment recommendation.
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