Investing

Analyst Firm Cites Altech’s ‘Revolutionary’ Battery Tech as Basis for Valuation Upside

Description:

Australian analyst firm East Coast Research has given Altech Batteries (ASX:ATC,FRA:A3Y) a valuation range of AU$0.15 to AU$0.21 cents per share, a 188.8 percent upside from its current share price of $0.06 cents. This is based on Altech’s highly promising Silumina Anodes battery technology project.

Based in Perth, Australia, Altech is advancing the commercialization of two groundbreaking battery technologies in Germany: the Silumina Anodes and the CERENERGY batteries. The Silumina Anodes boost the energy capacity of lithium-ion batteries by combining silicon particles with regular battery grade graphite, producing an electrode that can hold 30 percent more energy than conventional graphite-only anode.

CERENERGY, meanwhile, is designed for the grid storage battery market, with a lifespan of almost twice that of lithium-ion batteries and less production cost.

East Coast Research’s valuation of Altech is only based on the value of the Silumina project and does not take into account the valuation from the CERENERGY project, which can also offer a significant upside potential on the company’s valuation.

“Although still speculative from an investing point of view, Altech’s revolutionary projects put it among the pioneers in commercialising innovative battery technologies, which are in soaring demand as the global push towards decarbonisation of economies continues to change the way we live,” the East Coast Research report said.

Highlights of the report:

The Silumina Anode technology boosts lithium-ion batteries’ energy capacity. Due to the escalating demand for EVs and the rivalry between EV manufacturers to produce higher range EVs, Research Nester projects the silicon-based anode market to experience a compound annual growth rate (CAGR) of approximately 48 percent from 2024 to 2036, reaching a massive size of US$137 billion by the end of 2036.The CERENERGY solid state battery technology’s high potential in the growing grid storage market. This low-cost technology addresses some of the challenges currently present in lithium-ion batteries, such as flammability, limited voltage and poor cycling performance. As the expanding renewable energy market results in a rising demand for more grid storage capacities, the worldwide market for battery energy storage is projected to grow by a CAGR of more than 30 percent by 2028.

For the full analyst report, click here.

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.

This post appeared first on investingnews.com

You May Also Like

Editor's Pick

An Italian holiday may be a priceless experience for those who have enjoyed all this country has to offer. But the summer of 2023...

Editor's Pick

Premature babies at Gaza’s largest hospital are being wrapped in foil and placed next to hot water in a desperate bid to keep them...

Editor's Pick

Tensions are boiling over in Israel as frustrated families of hostages demand answers from the government about the fate of their loved ones and...

Editor's Pick

A 7.5 magnitude earthquake struck western Japan on Monday afternoon, triggering tsunami alerts as far away as eastern Russia and prompting a warning for...

Disclaimer: findandfunds.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 findandfunds.com

Exit mobile version