The base unit is the Fluence Cube, a standardized ‘building block’ power storage system based on more than 13 years of experience in the energy storage niche. The second company we’ll look at, Fluence Energy, uses a modular system to build configurable, scalable energy storage. With shares priced at $9.25 and an average price target of $20.33, the stock has ~120% upside potential in the next 12 months. 3 Buy ratings and a single Hold add up to a Strong Buy consensus rating. (To watch West’s track record, click here) This figure conveys his confidence in EOSE’s ability to soar 127% in the next twelve months. Buy) rating along with a $21 price target. In line with these bullish comments, West initiated coverage on EOSE with an Outperform (i.e. This is a revenue growth story through the medium-term as the company focuses on commercialization while a ramp in manufacturing capacity should provide meaningful revenue realization from 2023-2025… EOSE’s long-duration energy storage technology is competitively advantaged given its performance profile and lower exposure to lithium-ion supply chain risks.” So far, Eos has shipped out a total of $3.4 million in products.Įvercore’s James West notes the buildup of the work backlog, and the established viability of the technology, and goes on to say, “EOSE is a niche investment in the major energy storage theme. This bodes will for future prospects as the company enters its production phases. It reported $137.4 million in booked orders, and a total work backlog of $151.8 million as of November 10, 2021. This company has yet to develop a steady income stream, but in its most recent quarterly report, for 3Q21, Eos did give some interesting highlights. Renewables, especially, can benefit from the battery systems, as both wind and solar power suffer from intermittency and require effective energy storage solutions. The tech is one of the most efficient non-lithium solutions to energy storage, and is non-flammable – a major advantage over existing lithium ion systems.Įos’ energy storage systems have applications in the utility industry, commercial & industrial facilities, and the renewable energy sector. Eos uses zinc hybrid cathode (Znyth) technology, to create battery systems that offer durability for up to 5,000 charge/discharge cycles – or 15 calendar years. This company is developing clean energy storage systems, based on safety, efficiency, scalability, and sustainability. Using TipRanks’ database, we did a deep dive into the data to find out what makes both so attractive. The analyst goes on to point out two energy storage stocks that are poised to gain as the new power economy develops. “The future of energy storage isn’t strictly about lithium-ion batteries although electrochemical technologies such as li-ion will continue to dominate and be deployed at ‘utility-scale.’ There is an arms race underway for vertical integration, digital applications, supply chain diversification, and data-intensive products to capture a growing customer base including utilities, independent power producers, commercial and industrial users, and renewable project developers,” West writes.
Evercore analyst James West describes this as the next ‘Mega Theme,’ and dubs energy storage as the ‘third pillar’ of tomorrow’s power grids. It is certain that today’s electrical and energy storage tech is going to evolve, changing its shape to adapt to the industrial-technological landscape that is growing up around us even now.
They exist today, of course, but just where they will go, and what they will look like in a century, are simply unknowable. These are the technologies that will ‘lead the way’ of the next century’s industrial trends. Energy Storage Is the Next ‘Mega Theme ’ These 2 Stocks Are Poised to BenefitĮlectric vehicles.
0 kommentar(er)
