CHARGEPOINT MARKET CAP TRIAL
Last month, the company’s unmanned aircraft cloud system was approved by the Civil Aviation Administration of China for trial operations. However, valuations remain attractive with the company making big strides towards growth in a big addressable market.Īs an overview, EHang operates as an autonomous aerial vehicle technology platform company. Cronos (CRON)ĮHang Holdings (NASDAQ: EH) is another attractive name among undervalued small-cap stocks to buy for multi-bagger returns.ĮH stock has surged by 160% in the last 12 months. With big growth plans, Riot is positioned to create value. The target is to boost capacity to 20.1EH/s by Q2 2024 and further to 35.4EH/s in 2025. To put things into perspective, the company reported capacity of 10.7EH/s as of Q2 2023. This provides Riot with high financial flexibility.įurther, Riot has undertaken an aggressive mining capacity expansion plan.
CHARGEPOINT MARKET CAP FREE
Specific to Riot Platforms, there are two big positives.įirst, the company is debt free and reported a liquidity buffer (including digital assets) of $510 million as of Q2 2023. Probably the digital asset will surge higher in the coming quarters. The first point to note is that Bitcoin halving is due in 2024. Riot Platforms (NASDAQ: RIOT) is possibly the best bet among Bitcoin miners. This seems like a good opportunity to accumulate fundamentally strong small-cap stocks from the crypto space. With Bitcoin ( BTC-USD) trending lower from the highs of the year, there has been a deep correction in crypto stocks. With these positives, SLDP stock looks attractive and is a potential multi-bagger. I don’t see the need for equity dilution in the next 12 to 18 months. I must add that as of Q2 2023, the company reported a strong liquidity buffer of $443 million. This is likely to be an important step towards battery commercialization.
Solid Power is on track to deliver A-sample EV cells to automotive partners for validation testing. In 2023, the company began large-scale production of EV cells. Solid Power has licensed its manufacturing technology to BMW for parallel research and development activities. The first point to note is that the company has a strong backing of automotive partners that include Ford (NYSE: F) and BMW (OTCMKTS: BMWYY). While potential commercialization of solid-state batteries is still few years away, SLDP stock is likely to trend higher on positive business developments. Solid Power (NASDAQ: SLDP) stock looks deeply undervalued after a correction of 67% in the last 12 months.
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