How Undervalued Is This EV Charging Solution Company: Tritium Dcfc Ltd (NASDAQ: DCFC)
Tritium DCFC Ltd, founded in 2001 by e-mobility pioneers designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium global developer and manufacturer of direct current (DC) fast chargers for electric vehicles (EVs), Company has marked its presence in 41 countries with more than 6500 chargers sold so far and growing at a higher pace than its competitors.
Highlights:
- January 2021, Tritium Announced Completion of Business Combination with Decarbonization Plus Acquisition Corporation II, Deal, together with anticipated additional funding, expected to allow Tritium to further its growth in providing leading fast charging hardware and software to EV charging customers.
- December 2021, Tritium Unveiled Groundbreaking Line of EV Fast Chargers Designed for More Cost-Effective Operations, and Infrastructure Deployment.
- Tritium introduces the PKM, an innovative fast charging solution that creates a unique DC microgrid architecture, an industry first that allows the Company to create a pool of shared power for the full system to access.
- The PKM150 is the first charger in the PKM line and the first charger that enables a shared power system, designed to reduce customers’ capital investment while maintaining high charger availability and power output to EVs.
- Tritium has executed a global framework agreement with Shell (NYSE: RDS-A), the world’s largest mobility retailer with over 46,000 retail sites, to provide fast charging technology and services.
- Nov 2021, Tritium opened a world-class compliance testing facility at the Company’s Brisbane, Australia headquarters, this new facility is capable of accelerating testing, prototyping, compliance and certification, allowing the Company to bring products to market in shorter timeframes, rapidly modify its products for customers and develop and certify products with greater cost efficiency.
- Oct 2021, Tritium, was crowned “Chargepoint Manufacturer of the Year” by the Electric Vehicle Innovation & Excellence (EVIE) Awards.
- Nov 2021, Tritium Collaborates with Fast Charging Network Operator EVCS to Deploy Over 500 New EV Fast Chargers.
Chart Since Listing
Current Market Capital of over 2.40B & Company’s recent announcement to set up a production unit in Tennessee has opened up the doors for company’s expansion in North America.
Quick look at company’s numbers
Stock Recommendation: Company is undervalued with a potential of becoming a big bagger, Investors looking for long term growth can consider investing into it.
MarketFacts gives a “Buy” rating on the stock at the closing Price of $7.50 as of January 24th, 2022.
| CMP (USD) (24th Jan 2022) | $7.50 |
| Target Price (CAD) | $11.75 |
| Recommendation | Buy |
