Nouveau Monde initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Heiko Ihle initiated coverage of Nouveau Monde Graphite with a Buy rating and $17 price target. Nouveau is a fully integrated Canadian-based graphite and anode-material operations "that offer meaningful growth potential," the analyst tells investors in a research note. The analyst projects significant growth in electric vehicle production amid the "essential role" graphite is expected to play as anode-material within the global push for the electrification of vehicles.