Deutsche Bank analyst Emmanuel Rosner lowered the firm’s price target on SES AI to $4 from $7 and keeps a Hold rating on the shares after reporting mixed Q4 results. More importantly, the company provided an operational update as it progresses with its A-sample cell production and moves towards reaching B-sample production and delivery by the middle of this year, the analyst tells investors. The company has made meaningful progress addressing various quality issues with its A-sample 100Ah cells and plans to leverage these learnings to enable a smoother ramp process as its enters B-sample development, the firm says. The transition to B-sample development this year would position the company to move toward C-sample development in the following 1-2 years. The firm says it believes the company is "progressing on track thus far."
Published first on TheFly
