Romeo Power

Romeo Power simply said will do revenue between $18-$40M which was confirmed on the last conference call.  The stock price currently values the market cap at 15x the high end of this years guidance  Here is why I think the stock should trade higher.  1)The company just announced a new CEO  https://www.yahoo.com/entertainment/romeo-power-appoints-susan-brennan-181435928.html#:~:text=Romeo%20Power%20Inc%20(NYSE%3A%20RMO,down%20to%20pursue%20new%20opportunities. 2) The company  just signed an agrrement with with LG to supply lithium Ion batteries through 2028  https://www.streetinsider.com/Corporate+News/Romeo+Power%2C+Inc.+%28RMO%29+Signs+Supply+Agreement+with+LG+To+Supply+Lithium-Ion+Batteries+Through+2028/18813256.html 3) The stock has a very high short interest rate at 25% with more than 20M shares This was trading between $9 and $10 just 2-3 months ago.  The stock is trading at roughly $5 so the short value to the downside is now just $5 if you think the company will go to zero , They currently have revenue and they have  200M of cash . https://shortsqueeze.com/?symbol=rmo&submit=Short+Quote%E2%84%A2 4) the stock showed support right at $4.09 so we are now near the bottom . 

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Totalschaden

Aug 31, 2021

-0.30%

Change % Since Posting

4.95

Price When Posted

-0.02

Change Since Posting

RMO

Romeo Power Inc - Class A

4.93

0.00
0.00%
Current Price

Romeo Power

bullish

Romeo Power simply said will do revenue between $18-$40M which was confirmed on the last conference call. 

The stock price currently values the market cap at 15x the high end of this years guidance 

Here is why I think the stock should trade higher. 

1)The company just announced a new CEO 

https://www.yahoo.com/entertainment/romeo-power-appoints-susan-brennan-181435928.html#:~:text=Romeo%20Power%20Inc%20(NYSE%3A%20RMO,down%20to%20pursue%20new%20opportunities.

2) The company  just signed an agrrement with with LG to supply lithium Ion batteries through 2028 

https://www.streetinsider.com/Corporate+News/Romeo+Power%2C+Inc.+%28RMO%29+Signs+Supply+Agreement+with+LG+To+Supply+Lithium-Ion+Batteries+Through+2028/18813256.html

3) The stock has a very high short interest rate at 25% with more than 20M shares This was trading between $9 and $10 just 2-3 months ago.  The stock is trading at roughly $5 so the short value to the downside is now just $5 if you think the company will go to zero , They currently have revenue and they have  200M of cash .

https://shortsqueeze.com/?symbol=rmo&submit=Short+Quote%E2%84%A2

4) the stock showed support right at $4.09 so we are now near the bottom . 

 

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read-time
1 min

9.18

Target Price

10/ 10

Confidence

6-12 Months

Timeframe
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