Cantor Fitzgerald Reiterates Overweight Rating on SES AI Corp. (SES) on ESS, Drone Opportunity

Cantor Fitzgerald analyst Derek Soderberg reiterated an Overweight rating and $4.00 price target on SES AI Corp. (NYSE: SES).

The analyst commented, "The automotive opportunity will not come to fruition in the near term (despite SES demonstrating manufacturability during B-sample stage) as OEMs step away from investing in EV platforms for the time being, thus management does not expect the ~$13.6M service contribution from B-sample development programs to reoccur in F26. Taking that into account with F26 revenue guidance of $30M to $35M, SES is quickly establishing itself as a key supplier of battery cells and materials to high-growth drone and ESS markets."

For an analyst ratings summary and ratings history on SES AI Corp. click here. For more ratings news on SES AI Corp. click here.

Shares of SES AI Corp. closed at $1.71 yesterday.

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