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Regulations--Governmental Programs and Incentives--One Big Beautiful Bill Act" to the availability of the tax credit. The IRA also allows manufacturers of certain battery components made in the United States to claim tax credits.
$8.73
+$0.67 (+8.31%)
Price from 8 days ago
The business is unprofitable at the operating level (-227.03% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 631.8% YoY with margins expanding 895.6pp.
Negative free cash flow of -$265M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$161M
▲ +631.8% YoY
Net Income (TTM)
-$476M
▼ -41.4% YoY
Op. Margin
-177.74%
▲ +895.6pp YoY
ROIC
-37.97%
▲ +16.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$386M
▼ -41.6% YoY
Op. Cash Flow (TTM)
-$302M
▼ -37.2% YoY
Net Debt
$232M
Cash & Equiv.
$411M
5Y CAGR: +249.5%
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