William Blair initiated coverage on SES AI Corporation
$SES
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William Blair initiated coverage of SES AI Corporation with a rating of Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2025 | $2.00 | Overweight | Cantor Fitzgerald |
| 9/10/2024 | $1.50 | Hold | Deutsche Bank |
| 9/5/2024 | $1.00 | Underperform | Wolfe Research |
| 12/18/2023 | Mkt Perform | William Blair | |
| 6/8/2023 | $4.00 | Peer Perform → Underperform | Wolfe Research |
| 10/31/2022 | Market Perform | Cowen | |
| 9/14/2022 | $7.00 | Hold | Deutsche Bank |
Cantor Fitzgerald initiated coverage of SES AI Corporation with a rating of Overweight and set a new price target of $2.00
Deutsche Bank resumed coverage of SES AI Corporation with a rating of Hold and set a new price target of $1.50
Wolfe Research resumed coverage of SES AI Corporation with a rating of Underperform and set a new price target of $1.00
Reports record first quarter revenue of $5.8 million Board approves $30 million share buyback program Develops Molecular Universe software and service platform for all battery chemistries and applications Affirms 2025 revenue guidance and expects to exit 2025 with above $200 million in liquidity Highlights Reported $5.8 million in first quarter 2025 revenue Announced $30 million share repurchase authorization Affirmed previously issued full year 2025 financial guidance SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its business results for the first quarter
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced preliminary unaudited revenue results and expected liquidity for the first quarter ended March 31, 2025. Consistent with its previously issued full year 2025 guidance, the Company expects to report first quarter revenue in the range of $5.0 million to $5.8 million. In addition, the Company anticipates that its liquidity as of March 31, 2025 (consisting of cash and cash equivalents and short-term investments) should be approximately $240 million with no debt outstanding. Qichao Hu, Founder and CEO of SES AI, noted,
Reaches Commercialization and Revenue Generation in Fourth Quarter New Revenue Sources Develop from EV, Drones/Robotics and BESS New AI-Enhanced 2170 Cylindrical Cell Opens Humanoid and Li-ion EV Markets Issues 2025 Revenue Guidance Strong Balance Sheet Provides Liquidity into 2028 Highlights Reported $2.0 million in fourth quarter revenue; an accelerated revenue ramp is expected in 2025 Deepened partnerships with existing automotive OEMs with commercialization of AI for Science to develop new electrolyte materials for both Li-Metal and Li-ion batteries All in on AI strategy powered battery material discovery to an entirely new AI-enhanced 2170 cylindrical cell for emerging human
4 - SES AI Corp (0001819142) (Issuer)
4 - SES AI Corp (0001819142) (Issuer)
4 - SES AI Corp (0001819142) (Issuer)