Forsee Power

Equities

FORSE

FR0014005SB3

Electrical Components & Equipment

Market Closed - Euronext Paris Other stock markets 09:05:16 16/07/2024 pm IST			After market 11:51:21 pm
0.884 ^EUR	-1.78%		0.886	+0.23%

27/06	The same old winners
27/06	Forsee Power: chosen by Wrightbus to retrofit buses	CF

Forsee Power joins forces with CALB in battery cells

January 31, 2023 at 10:52 pm IST

Forsee Power announces that it has partnered with CALB, a Chinese cell manufacturer billed as 'the world leader in new energy technologies', to acquire ultra-high energy density cells for integration into its battery systems.

As Forsee Power strengthens its responsible sourcing strategy, CALB is the first Group supplier to go through its new due diligence process, including a third-party audit.

Founded in 2007, CALB plans to increase its production capacity to 500 GWh by 2025. It specializes in cells for electric vehicles and energy storage systems.

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	CALB GROUP CO., LTD.	13.88 HKD	+0.43%	-0.86%	2.17B
	FORSEE POWER	0.884 EUR	-1.78%	-0.90%	70.18M

Latest news about Forsee Power

The same old winners	27/06
Forsee Power: chosen by Wrightbus to retrofit buses	27/06	CF
Forsee Power: surrounded after its quarterly sales figures	14/05	CF
Forsee Power Société Anonyme Announces Revenues Results for the First Quarter of 2024	14/05	CI
Forsee Power: 2028 targets suspended, share price falls	24/04	CF
Forsee Power Provides Earnings Guidance for 2024	23/04	CI
Forsee Power Société anonyme Reports Earnings Results for the Full Year Ended December 31, 2023	23/04	CI
Forsee Power: batteries for Letenda buses	16/04	CF
Forsee Power Books Battery Systems Order from Canadian Bus Maker Letenda	16/04	MT
Forsee Power Clarifies Mutsui's Stake Reduction	13/02	MT
Forsee Power: Mitsui & Co falls below 25% of voting rights	12/02	CF
Forsee Power: battery system for BAE Systems	01/02	CF
Forsee Power to Provide Battery System for Bae Systems' Class 7 Demonstration Truck Powertrain in North America	01/02	CI
Forsee Power: sales growth of 54% in 2023	31/01	CF
Forsee Power: appointment of a CFO	09/01	CF
Forsee Power Announces the Appointment of Franck Meyer as Chief Financial Officer	08/01	CI
Forsee Power Draws Down EUR10 Million Tranche of EIB Loan	11/12	MT
Forsee Power: drawdown of a tranche from the EIB	11/12	CF
Forsee: chosen by Toyota for the Paris 2024 Olympics	07/12	CF
Toyota Chooses French Forsee Power Batteries to Equip Its Innovative APM	07/12	CI
Forsee Power: chosen for Peugeot's new scooter	04/12	CF
Forsee Power to Equip Peugeot Motocycles' Electric Scooter with Portable Batteries	04/12	MT
Peugeot Motocycles Chooses Forsee Power Portable Batteries for New E-Streetzone Scooter	04/12	CI
Forsee Power: Bpifrance tops 15% of voting rights	15/11	CF
Forsee Power: Ballard Power Systems exceeds 10% of voting rights	13/11	CF

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Company Profile

Forsee Power is specialized in the design, manufacture and marketing of smart battery systems for use in the electric mobility market. Net sales break down by activity as follows: - sale, installation and activation of lithium-ion battery systems (98.1%): systems for use in light electric vehicles (electric bicycles, scooters and light 1- to 4-wheel vehicles), heavy vehicles (farming, construction and industrial vehicles, trucks, buses, rail vehicles, and ships), stationary energy storage units (for residential, commercial and industrial purposes), medical equipment, connected objects, home systems, robotics equipment and work tools; - provision of services (1.6%): financing services (battery rentals), battery life cycle management services and after-sales services; - other (0.3%). At the end of 2023, the group had 5 production sites located in France, Poland, India, USA and China. Net sales are distributed geographically as follows: France (6.2%), Europe (83.9%), Asia (7.9%), the United States (1.3%) and other (0.7%).

Sector

Electrical Components & Equipment

Calendar

25/07/2024 - Q2 2024 Sales and Revenue Release

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Ratings for Forsee Power

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ESG Refinitiv

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Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.9 EUR

Average target price

2 EUR

Spread / Average Target

+122.22%

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Sector Batteries & Uninterruptable Power Supplies

	1st Jan change	Capi.
FORSEE POWER	-66.07%	70.18M
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LG ENERGY SOLUTION, LTD.	-18.95%	60.7B
TDK CORPORATION	+66.67%	25.53B
SAMSUNG SDI CO., LTD.	-23.73%	18.11B
ECOPRO BM. CO., LTD.	-36.39%	13.74B
EVE ENERGY CO., LTD.	-8.10%	10.59B
VOLTRONIC POWER TECHNOLOGY CORP.	+8.48%	5.06B
GOTION HIGH-TECH CO.,LTD.	-10.56%	4.6B
ENERSYS	+8.61%	4.26B

Batteries & Uninterruptable Power Supplies