2024-02-22 14:33:08 ET
Summary
- The transformation from internal combustion engine to battery electric vehicles is inevitable.
- BEV demand has slowed on price resistance, charging, and maintenance infrastructure. Part of the learning curve for new technologies.
- 2024 is likely an earnings bottom year for most companies in this battery supply chain.
- The Global X Lithium & Battery Tech ETF has an upside potential of 37% on consensus price targets and trades at 1.3x PEG.
Summary
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LIT: Contrarian Indications Galore