SES AI price target raised to $4 from $2 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on SES AI (SES) to $4 from $2 and keeps an Overweight rating on the shares. SES is currently one of the best opportunities in the battery space, as in its first five months since launch, Molecular Universe has signed dozens of battery OEMs to the enterprise tier, with some battery OEMs already considering joint development programs, the analyst tells investors in a research note. The firm believes SES’s current $200M+ cash position provides enough capital to reach mass commercialization.