I’m just relying on that report myself. In my opinion, yesterday’s price reaction was an overreaction. In the bigger picture, I think development seems to be going in the right direction. I was trading in and out yesterday and today, which is why I don’t have a position at the moment. I’m just watching for now.
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The day after the report, an announcement immediately came out that the work with Iveco would continue closely.
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Bottoming out, Q1 results will be released on May 11th. Perhaps it’s not worth expecting any miraculous changes from this quarter yet? I understand those who have been slowly buying more.
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I was already thinking about topping up before the earnings release, but luckily I didn’t. Now it looks like we’re heading toward a dollar, if that even holds. The numbers were pretty ugly, revenue almost halved… I have to buy more now from the bottom. Q2, 3, or 4 will surely turn the situation around yet.
Yeah, sales tanked for many reasons…
There should be good things coming up, and the expanded factory will soon start churning out batteries. There’s also some good momentum in the US, and that school bus electrification is interesting. If they can close these deals, the US factory will be fired up in a bigger way.
According to management, revenue should get back on track towards the end of the year…
But yeah, luckily I didn’t top up either. I’ll probably have to fish for some more around the 1 dollar mark.
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