Powercell Q2’21: Making good progress - Redeye

Redeye was encouraged to see strong gross margins and healthy growth in the second quarter. Powercell continues to gain traction among customers in various industries and business segments. But it’s still very difficult to predict what type of orders and which clients will fill the order books in the coming years. For obvious reasons, we now have a much more positive view on the valuation, following a share price decline of more than 50% from January highs. Currently it is trading just below our Base case fair value of ~SEK 200 per share.