KULR Technology Group (NYSE-Amer: KULR) stock is in rally mode, soaring over 173% since March to $0.41 on Monday. While impressive, there is an evidence-based case that KULR itself provides to support the thesis that the share price trajectory should continue to steepen.
That’s quite a bullish assessment. However, it’s made knowing that KULR shares are rising for all the right reasons. Yes, the KULR bulls are touting their recent gains on popular message boards. But that’s not why shares are soaring. Tangible growth, expansion into new markets, and deals with some of the world’s largest companies and military are the reasons and, more importantly, the value drivers behind the recent surge. That’s not surprising- as interest and adoption of its Advanced Battery technology solutions increase, KULR is positioned for explosive growth in 2024.
KULR Completes A Massive Deal-Making Month Of March
Consider this: Last month alone, KULR announced deals with the U.S. Army, Lockheed-Martin, a leading U.S. automaker, and NanoRacks (involved in Voyager Space’s exploration segment with NASA). That’s not all. KULR also announced being granted Special Permits from the USDOT covering transportation of damaged, defective, or recalled batteries and end-of-life batteries, including helping manage battery disposal and recycling to pave the way for safer and more sustainable battery recovery and reuse. All of those deals, just those announced last month, in fact, can be transformative from a revenue perspective in 2024.
But the DoT’s approval of these special permits takes things further by validating the safety standards and reliability of KULR’s SafeCASE™ product for transporting and storing lithium-ion batteries, a potentially massive revenue-generating opportunity in play with existing and new customers across multiple industries. In other words, although it took a dose of patience, those sticking with KULR and those who caught the recent bottom could be in line to be well rewarded beyond the 173% increase posted since March.
That presumption is more than warranted; it’s justified. And the supporting evidence is published for all to see, which provides every investor evaluating the KULR value proposition to understand why KULR stock at $0.41 presents such a massive investment opportunity. The headlines make the appraisal quick and easy.
KULR: A Micro-Cap Performing Like A Large-Cap
Check these out:
KULR Approaches Final Milestone in Upsized U.S. Army Contract for Advanced Battery Prototypes
KULR Technology Group Announces a Strategic Contract with Nanoracks for Advanced Space Battery Development
KULR Lands Initial Battery Testing Order for its SafeCASE Product with Leading US Automaker
KULR Secures New Special Permits from the United States Department of Transportation Related to its Patented SafeX Product Suite, Including SafeCASE™ and SafeSLEEVE™
Those are all accretive, currently contributing value drivers. But what makes them more impactful is the news KULR published last Wednesday- KULR Retires All Outstanding Yorkville Debt. Retiring that debt is nothing short of a massive step forward toward unlocking the intrinsic value of an outstanding products and services portfolio. Without the overhead, KULR looks better positioned than ever to exploit its migration from a thermal management solutions provider to its current KULR ONE Design Solutions platform. Perhaps most important from an investor’s standpoint is that analyst valuation models could get a jolt of bullish influence, noting that retiring that obligation leaves no debt on KULR’s balance sheet other than ordinary course of business payables.
Four Analysts Model For Enormous Upside
That could lead the four analysts covering KULR to revise estimates, leaning into that debt-retirement update to increase 12-month price targets, which average $2.55, 521% higher than the current share price. The most bullish case models KULR stock reaching $7.00, about 1607% higher than its $0.41 price yesterday.
Revising higher on the series of updates is likely. Remember, KULR is proving itself as more than good; they are best-in-class. Better still, it’s improbable for their competitive territory to get poached. In fact, KULR’s extension into new business segments may make them untouchable in many respects, especially considering the time required for any company interested in competing against KULR to even earn preliminary approvals to produce a likely prohibitive hurdle to navigate. And KULR isn’t just focused on maximizing its potential from the defense sector.
KULR Targets The Right Sectors At The Right Time
KULR is also well known in the E.V. sector. KULR announced scoring a deal with a “Top 5” American E.V. truck manufacturer to provide its next-gen battery safety solutions to that client’s growing fleet of E.V. trucks and SUV’s. Although KULR hasn’t disclosed the identity of the E.V. truck manufacturer, they’ve emphasized that the client anticipates a substantial increase in E.V. truck production in 2024. This presents another value driver that investors can’t, and shouldn’t, ignore, noting that KULR’s update indicated that the manufacturer intends to integrate KULR’s advanced battery safety technology and performance into its vehicles to enhance consumer safety. How significant is the opportunity? It’s Massive!
According to a Research and Markets report, the U.S. electric truck market is projected to reach $15 billion by 2030. That’s potentially excellent news for KULR, noting that industry growth should also include the indispensable nature of KULR’s innovative, IP-protected battery safety solutions, which are so good that they are deployed on the International Space Station and the Mars Perseverance Rover. These endorsements unequivocally convey that KULR’s battery safety solutions are more than highly effective. The biggest takeaway is that they are trusted to safeguard multi-billion dollar assets against one of their most critical threats: fire and explosion. That’s the advantage to them and the crews.
And that trust in KULR technology must be appreciated and adequately valued. Primetimers, in a word, capitalize. Despite its recent surge, considerable value still lacks in a share price that would be better measured in dollars, not cents. Four analysts sharing a STRONG BUY rating apparently agree with that assessment. Remember- the amount of due diligence that goes into publishing a report is painstaking, with a reputation at stake for misses. Thus, once Primetime Profiles leads you to the bullish party, also enjoy the details provided that show why KULR stock, according to the analysts, is a STRONG BUY at current prices.
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