PiezoMotor: Executing According to Plan

Redeye adjusts its valuation of PiezoMotor slightly upwards based on a more attractive relative valuation, resulting from the rebound in the market. We keep our fundamental view of the company, despite a somewhat disappointing Q1’20. We believe that the company is continuing to execute its strategic plan as previously expected, and thus, we maintain our view that strong growth is in the pipeline in the medium to long term..