This NYSE American Past Champ Requires Full Attention Due To Key Analyst Coverage And Revenue News
Taglich Brothers Inc. Analyst Provides $4.50 Price Target
I've been keeping a close eye on a past champ that looks like it has been inching towards another potential breakout after stringing a handful of green closes together last week and on Monday too.
When I brought this profile to you previously, there were several factors that were signaling a potential vertical move, and, well, you saw it come true first hand.
Moving roughly 34% (approx.) in just over a month, the profile which appeared undervalued at the time climbed the charts in an impressive fashion.
But that's just the tip of the iceberg on this past champ...
Space: The Final Frontier (And A Potentially Lucrative Market)
While watching the daily news, it seems we are getting closer to commercial space travel.
It was recently that we all watched as Amazon founder, Jeff Bezos, blasted into Space on his rocket company's first flight and more recently lifted-off with Captain Kirk himself, William Shatner.
Shortly before that, Richard Branson, Virgin Galactic founder, shot off into space himself in a rocket he helped fund.
And obviously we've been reading about SpaceX and Elon Musk for years.
To say the least, the past year has been a landmark moment for the commercial space industry.
Millions are enthralled by the thought of leaving the surface and testing the waters of space travel. Granted, while space tourism companies aren’t quite ready to send folks into space just yet, the industry is seeing demand.
In fact, according to analysts at Cowen, “39% of people with a net worth of more than $5Mn are interested in paying at least $250k for a flight.”(1)
Better, by 2040, Morgan Stanley believes the industry could be worth about $1Tn.(2)
So why do I bring all this up?
One NYSE American whose TRS technology was chosen by NASA to safely ship and store batteries aboard the International Space Station is being overlooked, but maybe not for much longer.
And, with the ever growing number of Electric Vehicles (EVs) on the road today, companies are looking for more efficient, safe and effective battery options.
That's why I want you to turn your attention to this company ASAP:
KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.
And, because of multiple potential catalysts, KULR needs to be your immediate focus now. Check it out:
Your No. 1 Potential KULR Catalyst
Over the summer the brokerage firm, Taglich Brothers, Inc., upgraded their price target on KULR to $4.50.
From Tuesday's closing valuation of $2.00+, that provides this NYSE American profile with upside potential of over 100%+ from that level.
Here are some key highlights from their report:
- We are maintaining coverage of KULR Technology Group, Inc. with a Speculative Buy rating and raising our twelve-month price target to $4.50 per share from $3.50 based on our 2022 sales projection and a higher multiple.
- We believe the company is well positioned for strong growth as the shift to electric vehicles and 5G technology should be significant growth drivers fueling demand for its products. KULR’s recent partnership with the Andretti Technologies should open many doors in the electric vehicle and automotive markets.
- According to MarketsandMarkets, the electric vehicles market is projected to reach approximately 27 million units by 2030 from an estimated 3.3 million units in 2019 for annualized growth of 21.1%. Grandview Research projects the global 5G services market at $41.5Bn in 2020, expanding annually by 43.9% from 2021 to 2027.
- KULR’s revenue increased more than five-fold in 1Q21 while the company continued to make significant in-vest-ments in an effort to expand its business in 2021 and beyond. In 2Q21, the company raised capital of $6.5Mn, which should aid in its commercialization efforts.
- For 2021, we project a more than 3-fold increase in revenue to $2.3Mn from $624k in 2020 and a loss of $(0.04) per share. We previously projected revenue of $2Mn and a loss of $(0.02) per share. The increase in our revenue projection reflects 1Q21 results and continued organic growth. Our loss projection has widened due primarily to higher SG&A expenses than originally anticipated.
- For 2022, we project a 19.7% increase in revenue to $2.8Mn and the loss narrowing to $(0.03) per share. The increase in our revenue projection should be driven by continued organic growth. Our loss projection has widened due primarily to higher SG&A expenses than originally anticipated.
- KULR reported (5/21/21) 1Q21 revenue increased to $418k from $78k in 1Q20 and a loss of $(0.02) per share versus $(0.01) per share in 1Q20. We projected revenue of $300k and a loss of $(0.01) per share.
Your No. 2 Potential KULR Catalyst
KULR Technology Group Announces Second Quarter 2021 Financial Results and Provides Shareholder Update Letter
SAN DIEGO, Aug. 17, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced its financial results for the second quarter ended June 30, 2021 and posted a Shareholder Letter to its website summarizing corporate updates since the beginning of the second quarter of 2021.
KULR's Q2 revenue increased by over 200% year-over-year as the Company continued to make significant in-vest-ments in all areas of its business to sustain and expand in 2021 and beyond. The Company raised $6.5Mn in equity capital on May 20, 2021, which strengthened the balance sheet and helped facilitate KULR's uplisting to the NYSE-American exchange on June 07, 2021. In addition, the Company received approximately $3.7Mn in Q2 2021 from the exercise of warrants to purchase an aggregate of 3Mn shares of common st-ocks and approximately $1.5Mn from the exercise of warrants to purchase a total of 1.2Mn shares of common st-ock in July 2021. With over $12Mn in cash at end of Q2, KULR is in the strongest financial position in its history.
As KULR accelerates its in-vest-ments in new technology developments in smart battery platform, battery cell screen and testing automation and fast charging battery architecture, it continues to grow sales in its foundational aerospace and defense businesses. KULR's business model continues to evolve as the Company focuses on near-term commercialization opportunities for its technology in battery transportation and energy storage products. The Company’s goal is to provide total battery safety solutions for more efficient battery systems, increased sustainability, and end-of-life battery management, making KULR a key technology solutions provider in the migration to a global circular economy.
Read the full article here.
Your No. 3 Potential KULR Catalyst
KULR Technology Group Enters into Lithium-Ion Battery Transportation Partnership with Heritage Battery Recycling
SAN DIEGO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced that it will provide its KULR-Tech Safe Case to lithium-ion battery recycler Heritage Battery Recycling (“HBR”), a new platform company of The Heritage Group, for the safe transportation logistics of HBR's battery collection operations across North America.
HBR, through its sister companies, maintains access to over 100,000 customer locations, 2,500 employees, and a fleet of over 1,300 power units and 108 facility locations across North America.
Based upon successful space designed solutions for NASA that were deployed on the International Space Station for safely storing laptop lithium-ion batteries, the KULR-Tech Safe Case is one of the Company’s recently leading product lines entering into commercial markets. By way of their patented, NASA-proven Thermal Runaway Shield technology, KULR is the only company in the world with a product approved by the US Department of Transportation for storage and transport of lithium-ion batteries that can manage up to a capacity of 2.1 kWh for recycled, prototype and DDR (damaged, defective and recall) batteries. The KULR-Tech Safe Case is also designed to be reusable – creating a greener and healthier environment for ourselves and for future generations.
The market size for lithium-ion batteries is forecasted to exceed $116Bn by 2030 with a projected CAGR of 12.3% from 2021 to 2030, according to a 2021 report by Research and Markets. Growing adoption of electric vehicles along with declining prices of lithium-ion batteries — coupled with government initiatives to promote sustainable energy utilization, will drive the lithium-ion battery market size.
Read the full article here.
Your No. 4 Potential KULR Catalyst
KULR Provides Update on its Safe Battery Transportation Partnership with Heritage Battery Recycling
KULR’s Safe Battery Transportation Footprint Expanded Due to Heritage Battery Recycling’s Merger with Retriev Technologies
SAN DIEGO, Oct. 06, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, alongside its recently announced partner Heritage Battery Recycling (“HBR”), expanded its safe battery transportation market share as a result of HBR’s merger with Retriev Technologies (“Retriev”). HBR’s combination with Retriev will create the largest lithium-ion battery recycler in North America.
The combined entity will operate under the Retriev Technologies name as it leverages its extensive reach into the original equipment manufacturer (“OEM”) recycling market Retriev serves. In addition to the existing partnership’s customer programs in the e-bike and scooter markets, KULR will also provide safe transportation logistics to Retriev’s battery collection operations across North America. Retriev will serve the entire battery lifecycle - from pickup and transportation to critical material recovery and reuse.
Retriev, through the HBR network, will maintain access to over 100,000 customer locations, 2,500 employees, and a fleet of over 1,300 vehicles and 108 facility locations across North America.
“Heritage’s merger with Retriev expands our already large recycling footprint within North America and provides a safe and cost-effective solution for their customers to store and transport lithium batteries for recycling,” said Michael Mo, CEO of KULR. “We are proud to provide our space-proven thermal solutions to Retriev and their customers, with the aligned goal of helping provide a safer and cleaner environment for everyone."
Shane Thompson, President of Retriev added: “KULR’s Safe Case, along with its US Department of Transportation special permits for safe transport of higher capacity batteries, meets a large, underserved area of need for Retriev and enables our customers to ship batteries safely back to us for recycling. Given that it’s also a reusable case, it further contributes to the broader green initiatives that are core to our company’s core competency.”
Read the full article here.
Your No. 5 Potential KULR Catalyst
KULR Technology Group Receives Special Permit from the U.S. Department of Transportation Authorizing Transport of Damaged, Defective, or Recalled (DDR) Batteries
A trio of recently granted DoT special permits enables the Company to strategically pursue regulatory markets ranging from shipping prototype batteries to end of life battery management
SAN DIEGO, CA / ACCESSWIRE / July 28, 2021 / KULR Technology Group Inc. (NYSE American:KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, announced today it received a special permit, its third in two months, from the U.S. Department of Transportation (DoT) authorizing commerce transportation of damaged, defective, or recalled (DDR) lithium ion cells, batteries, or lithium metal cells contained in or packed with KULR's proprietary Thermal Runaway Shield (TRS) packaging.
The granting of the recent DDR special permit marks a key strategic step for KULR as it continues to push its Thermal Runaway Shield as an integrated design solution providing total battery safety for more efficient battery systems, increased sustainability, and end of life battery management. The Company's solutions have been proven by various government testing authorities to stop or mitigate the impacts of dangerous lithium-ion battery failures known as thermal runaway which can occur during transportation of batteries.
The granting of KULR's third special DoT permit validates the commercial and regulatory viability of its passive propagation resistant (PPR) solution. Previously, in October 2020, the Consumer Product Safety Commission reported KULR's design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology. In 2019, KULR provided NASA with a solution to protect laptop computer battery packs aboard the International Space Station (ISS).
"Damaged, defective, or recalled lithium-ion batteries can present tremendous safety risks to people, property, and the environment if they are improperly handled, stored or disposed of," said Keith Cochran, KULR President & COO. "We live in an increasingly portable and digital society in which we routinely see rechargeable batteries or battery centric products suffer damage or defect which require a recall. We've seen it with children's toys, scooters, laptops, mobile phones, online shopping, and of course electric vehicles. With further adoption of Li-ion technology, we believe there will be an ever-increasing need for KULR's Thermal Runaway Shield (TRS) packaging. Our DDR special permit, along with our recently attained prototype battery special permit and recycling special permit, strategically establishes KULR as an end to end provider of safe battery shipping solutions, no matter the mode of transfer."
The special permit, issued as DOT-SP 21193, was granted on July 23rd, 2021.
Read the full article here.
KULR Top 5 Potential Catalysts Recap: What To Know
#1. Analyst At Taglich Brothers, Inc. Provides $4.50 Target
#2. Q2 Revenue Increased By Over 200% YoY
#3. Entering Into Partnership With Heritage Battery Recycling
#4. Footprint Expanded Due To Heritage Battery Recycling’s Merger
#5. Company Special Permit from the U.S. DoT
When you have a second, do this