Vision Marine Expands U.S. Battery Production with Octillion Partnership

The latest update is out from Vision Marine Technologies ( (VMAR) ).

Vision Marine Technologies has expanded its partnership with Octillion Power Systems to produce Vision-branded high-voltage battery packs in the U.S., specifically for the American market. This strategic move enhances Vision Marine’s supply chain efficiency and positions the company as a leader in the North American electric marine propulsion market, with implications for increased OEM integration and consumer adoption of electric boating solutions.

The most recent analyst rating on (VMAR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Vision Marine Technologies stock, see the VMAR Stock Forecast page.

Spark’s Take on VMAR Stock

According to Spark, TipRanks’ AI Analyst, VMAR is a Neutral.

Vision Marine Technologies has a low overall stock score due to significant financial struggles, including declining revenues and persistent losses. Technical indicators are mixed, suggesting cautious market momentum. Valuation concerns also weigh heavily, as reflected in the negative P/E ratio. The absence of earnings call or significant corporate events data provides no additional insights to offset these challenges.

To see Spark’s full report on VMAR stock, click here.

More about Vision Marine Technologies

Vision Marine Technologies Inc. is a pioneer in high-voltage electric marine propulsion systems, focusing on the development and distribution of electric outboard systems and consumer-facing electric boats. The company aims to enhance its market presence by providing innovative solutions that address cost, complexity, and performance barriers in the marine industry.

Average Trading Volume: 90,896

Technical Sentiment Signal: Sell

Current Market Cap: $9.4M

For detailed information about VMAR stock, go to TipRanks’ Stock Analysis page.