Romeo Power (RMO) - The overlooked EV battery supplier.

After the most recent earnings report, RMO has dropped to new lows. I believe these lows caused directly by fear due to missing earnings completely overlook the potential of this company. They just reinstated a new CEO who has an abundance of past experience and history that could turn Romeo around as a company going into 2022.  Romeo is still a company with some very large and reputable customers with orders already placed. The recent production line expansion deal with LG shows how Romeo still expects the high demand. The Covid-19 pandemic introduced some supply chain problems for the company which greatly affected the 2021 results provided to investors. I think in 2022 and beyond this company will turn around and because one of the biggest electric vehicle battery supplies due to their current long-term supply agreements with big customers. At these levels I find it oversold. 6-month target of $10, Long term target of $25 in late 2022 or mid-2023.

back

Romeo Power (RMO) - The overlooked EV battery supplier.

bullish

After the most recent earnings report, RMO has dropped to new lows. I believe these lows caused directly by fear due to missing earnings completely overlook the potential of this company. They just reinstated a new CEO who has an abundance of past experience and history that could turn Romeo around as a company going into 2022. 

Romeo is still a company with some very large and reputable customers with orders already placed. The recent production line expansion deal with LG shows how Romeo still expects the high demand. The Covid-19 pandemic introduced some supply chain problems for the company which greatly affected the 2021 results provided to investors. I think in 2022 and beyond this company will turn around and because one of the biggest electric vehicle battery supplies due to their current long-term supply agreements with big customers. At these levels I find it oversold. 6-month target of $10, Long term target of $25 in late 2022 or mid-2023.

Comments

Write your comment....

Sign in to comment

read-time
1 min

10.00

Target Price

7/ 10

Confidence

1-3 Years

Timeframe
Share
catalyst icon
Earnings Per Share
catalyst icon
Financials
catalyst icon
Management
catalyst icon
Price to Earnings Ratio
catalyst icon
Dividend
catalyst icon
Other Catalyst

RMO Channel

Start new chat
aiodd-ad
next