What’s up everyone, so in this video I’m taking you right back to the ev supply chain as I have
2 solid ev battery stocks which have massive potential, catalysts and partnerships lined up.
I have a strong conviction that these stocks would be taking us to the moon very soon
that I already loaded on one of them and watching the other as I feel 2022
will be an exciting year for these top 2 ev stocks. So make sure you watch till the end,
so you don’t miss out on why I’m very bullish about these two top stocks as we get into 2022.
Also please drop a like on the video if you enjoy it, leave me a comment on what ev stocks you’re
holding right now and turn on the notification bell so you never miss out on these gems.
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With that said, let’s jump straight into it with our first banger on the day which is FREYR Battery
SA (FREY) now sitting at $10.91 with a market cap of $1.3bn. It is down 16.7% in the last 5 days
but over the month Frey is up 2.6% albeit pulling back very strongly having hit highs of $13.72
earlier in November. This is a new ev battery stock to the market having been listed in
August at over $9.45 and so its ytd gains of just over 15.45% are still very modest.
FREYR is an emerging producer of clean battery solutions for a better planet.
Fueled by low-cost hydro and wind energy, FREYR designs and manufactures high-density
and cost-competitive lithium-ion batteries with a reduced carbon footprint for the rapidly growing
global markets for electric mobility, stationary energy storage, marine and aviation applications.
Frey reported financial results for the third quarter of fiscal year 2021
highlighting the following: They were in in advanced stages
of negotiations with two leading global companies to sign conditional offtake
agreements representing more than 50 GWh of estimated potential cumulative demand
They were in negotiations with seven additional companies for offtake agreements representing
more than 100 GWh of estimated potential cumulative demand with several other
leads in the FREYR commercial pipeline Their Concept selection for Gigafactories
1 and 2 at Mo i Rana completed, resulting in an anticipated uplift in annual throughput capacity
compared to the previous estimate of 13 GWh and they are on track for
Customer Qualification Plant start-up in 2H 2022 with initial raw materials secured
So the maintain ambitions for start of production from Gigafactories 1 and 2 in 2H 2023, with Final
Investment Decision (“FID”) targeted in 1H 2022 They also signed supply contracts with Glencore
for the supply of up to 1,500 metric tons of high grade, sustainably sourced cobalt metal
cut cathodes, with cobalt produced at Glencore’s facility in Norway. And as we know Glencore,
is a global leader in the supply and recycling of battery raw materials and in the production
of cobalt. The agreement aims to supply their production facilities with recycled, sustainably
sourced, and traceable cobalt, which will be refined at Glencore’s Norwegian operations.
They also announced the formation of 50/50 U.S. joint venture with Koch Strategic Platforms
(“KSP”) to advance the potential development of an initial 50 GWh of clean, next-generation battery
cells in the U.S. The joint venture further enhances FREYR’s strategy to develop battery
cell production capacity, leveraging renewable energy and the emerging localized supply chains.
The Joint venture also seeks to provide FREYR with a strategic battery production footprint
from multiple locations providing added sourcing flexibility for an increasing number of customers
And In conjunction with the formation of the U.S. joint venture with KSP,
they announced a $70 million combined investment with 24M Technologies, Inc.
The Investment Banker, Morgan Stanley Is very Bullish On FREYR
because it has a unique combination of geographic and technological advantages
to commercialize renewable batteries at scale. The FREYR Analyst at Morgan Stanley
rated the stock “Overweight” and assigned a 12-month price target of $18 a share.
He noted that FREYR is seeing a pickup in end-market demand for battery electric vehicles
and is in various stages of negotiations that represent more than 150 GWh of cumulative demand.
The company is also in various stages of talks with an additional 85 prospective customers.
Blimey, what an absolutely massive and mindblowing outlook and I think certainly they deserve a
round of applause as I will be loading up on this one. Just too brilliant.
Next up to our number 2 penny stock which is KULR Technology Group Inc(KULR) now sitting at $2.83
with market cap of $296mn. Its share price is down 20% in the last 5days but ytd it is up 97%
and presently pulling back significantly having hit highs of $3.75 VERY recently.
KULR Technology Group Inc. is a leading developer of next-generation lithium-ion battery safety and
thermal management technologies which develops, manufactures and licenses next-generation carbon
fiber thermal management technologies for batteries and electronic systems.
And leveraging the company’s roots in developing breakthrough cooling
solutions for NASA space missions and backed by a strong intellectual property portfolio,
KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric
vehicle manufacturers to make their products cooler, lighter and safer for the consumer.
KULR announced it has joined Clarios in the U.S. Department of Energy’s (“DoE”) lithium-ion
battery lifecycle initiative to develop the manufacturing and reuse of lithium-ion batteries
and their chemical elements in the United States for the purpose of domestic national interest.
KULR will provide the safe transportation of lithium-ion batteries
within the full battery management lifecycle, from manufacturing through recycling and reuse.
KULR also REPORTed THIRD QUARTER 2021 FINANCIAL RESULTS, stating that the Company Recorded Over
300% Increase in Year-over-Year Revenue and Expects Growth Momentum to Continue into 2022.
KULR’s Q3 revenue increased by over 300%
year-over-year as the Company began to steadily expand the commercialization of its products.
KULR continues to make significant investments in all areas of its business and is increasingly
seeing the number of partnerships and product development initiatives ramp up.
As KULR accelerates investments into new technology developments such as smart battery
platforms, battery cell screen testing automation, and fast charging battery architectures,
it will continue to grow sales in its foundational aerospace and defense businesses.
The Company has also recently received special permits from the U.S. Department of Transportation
(“DoT”) authorizing the transportation of damaged, defective, and recalled (“DDR”) lithium-ion cells,
contained in KULR’s proprietary Thermal Runaway Shield (“TRS”) packaging.
The Company’s goal is to provide total battery safety solutions for more efficient battery
systems, increased sustainability, and end-of-life battery management, making KULR a key technology
solutions provider in the migration to a global circular economy. With approximately $11 million
of cash at end of the third quarter, KULR is in a strong financial position to continue
growing its business and executing its near-term objectives to achieve its goal.
KULR generated revenues of over $600k in the third quarter ended September 30, 2021,
an increase of 339% compared with revenues of $136,849 reported in the same period of
2020. The increase in revenue was mainly due to increased sales of KULR products
and two large contracts. These results reflect management’s continuing efforts to develop new and
existing customer relationships through a growing pool of referrals and business development leads.
They also announced that their partner Heritage Battery Recycling (“HBR”), expanded its safe
battery transportation market share as a result of HBR’s merger with Retriev Technologies
(“Retriev”). HBR’s combination with Retriev will create the largest lithium-ion battery
recycler in North America. The market size for lithium-ion batteries is forecasted to exceed
$116 billion by 2030 with a projected CAGR of 12.3% from 2021. So what an exciting outlook.
So some very very interesting and mindblowing prospects ahead for these stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation,
but is meant to bring some new and exciting stocks to your attention for you to do your
own research.. As always I would love to hear from you, so please let me know your thoughts on
these top stocks in the comments section below and what other stocks are catching your eyes lately.
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