Contemporary Amperex initiated with a Buy at Goldman Sachs
Goldman Sachs initiated coverage of Contemporary Amperex with a Buy rating and HK$946 price target, implying 51% upside. The market sees battery energy storage systems as incremental volume for CATL, the world's largest battery manufacturer, but the firm sees BESS representing "a strategic integration push that can lift margins, earnings quality, share and valuations," the analyst tells investors.
Goldman Sachs initiated coverage of Contemporary Amperex with a Buy rating and HK$946 price target, implying 51% upside.
The market sees battery energy storage systems as incremental volume for CATL, the world's largest battery manufacturer, but the firm sees BESS representing "a strategic integration push that can lift margins, earnings quality, share and valuations," the analyst tells investors.