Battery-related technological advancements and, hence, funding commitments, and favourable market sentiment for EVs and clean energy result in an upgrade for the battery division valuation. While delayed initiation for other divisions result in 2021 income estimates resetting materially lower, the markets are likely to focus on the group’s battery virtues. Hence, the recommendation is maintained.
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All focus shifts to the battery promise
- Published:
18 Jan 2021 -
Author:
Varun Sikka -
Pages:
3
Battery-related technological advancements and, hence, funding commitments, and favourable market sentiment for EVs and clean energy result in an upgrade for the battery division valuation. While delayed initiation for other divisions result in 2021 income estimates resetting materially lower, the markets are likely to focus on the group’s battery virtues. Hence, the recommendation is maintained.