B. Riley analyst Christopher Souther lowered the firm’s price target on Sono Group to $4 from $7 and keeps a Buy rating on the shares post the Q3 results. The company noted that financing its capex program via equity markets has been challenging and highly dilutive for existing shareholders, Souther tells investors in a research note. However, the analyst continues to see "long-term robust growth potential" in Sono’s ability to license its solar technology.
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Published first on TheFly
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