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.

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

Aug 25, 2021

bullish

fundamentals Analysis

[1 min Read]

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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.

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RMO

Romeo Power, Inc.

0.55

0.02
4.44%

Return

-89.09%
Change % Since Posting
-4.49
Change Since Posting
5.04
Price When Posted

Metrics

10.00
Target Price
7/ 10
Confidence
1-3 Years
Timeframe
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Earnings Per Share
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Financials
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Management
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Price to Earnings Ratio
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Dividend
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