Finance

Finance

Issues Facing Public Battery Companies

Issues Facing Public Battery Companies

Limited communication to investors and bearish investor sentiment has dragged on battery stocks Revenue Estimate Adjustments and Misses since 2022

Change in Short Interest Since Start of 2023 (% of public float)

Many battery companies have been limiting communication to investors about the pace of growth, being cautious about the statements they make, leading to a disconnect between Wall Street analysts and company performance

13 companies have seen an increase in their respective short interest as a % of public float, suggesting market participants have grown increasingly bearish

# of quarters

Decrease

Increase <5%

Increase <10%

Increase >10%

Current Short Interest 4 companies have a short interest in excess of 20%, suggesting a highly pessimistic outlook by public markets (Short interest as % of public float)

Battery

EV Charging

EV OEM

Lithium

Battery

EV Charging

EV OEM

Source: CapIQ( 12/29/2023), Wall Street Research, Press Releases (1) Chart reflects companies which had revenue greater than zero for the period. “Revenue Revised Down” reflects a greater than 5% decrease in the analyst estimate in revenue 3 months prior to earnings release to the estimate the day of earnings. “Revenue Miss” reflects a greater than 5% actual revenue miss from the analysts estimates prior to quarterly reporting

Lithium

Extracted from the PDF; charts and images may read imperfectly.