New Trade for November 13th, 2023

The principle we’re focusing on today is simple: seize promising opportunities early and watch them grow into something remarkable.

Over the next half-decade, we foresee the company behind today’s recommendation scaling to great heights, fueled by sound business fundamentals and favorable industry trends.

Yes, there might be the typical challenges of cash burn and equity dilution for this early-stage gem, but with a promising business trajectory, this stock has the potential to be a multi-bagger.

We’re bullish on this growth story, envisioning potential returns of 5x to 10x over the next five years. Read on to discover why we’re so optimistic about this promising early-stage company.

Solid Power (SLDP)

Solid Power is on a trajectory that could revolutionize the electric vehicle (EV) industry with its solid-state battery technology. Despite a challenging year for SLDP stock, there are compelling reasons to maintain optimism. 

The company boasts a formidable partnership with key players in the automotive sector, including BMW (OTCMKTS:BMWYY) and Ford (F), both actively engaged in research and development to expedite commercialization. The pivotal moment for Solid Power looms in the coming quarters as it aims to deliver EV cells to its automotive partners for validation testing by the end of 2023. With substantial cash reserves, including $443 million reported for Q2 2023, Solid Power appears well-funded for the next 18 to 24 months. Stay tuned for more on this potentially game-changing endeavor in the EV industry.

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