RBC's Andrew Wong and LCE Andrew Wong: “We assume Largo ramps up to 1,400MWh/yr of battery sales by 2033? Very funny indeed. Largo’s goal is to achieve 1,4000MWh/yr in 2025. Just another “over promise and under deliver”. Just business as usual with Largo’s subpar management team. These guys purposely make extravagant promises knowing damn well that they can not be fulfilled. And so they mislead the stakeholders with impunity day in, day out. Very sad!
Andrew Wong: “Largo Clean Energy (LCE) a potential long term value creator: We see long-term upside in LCE from growing global adoption of long-duration storage and what the company believes is a technically superior product. We think LCE ramp-up may take time as the company proves the technology in smaller installations before seeing larger contract wins. We assume Largo ramps up to 1,400MWh/yr of battery sales by 2033, with most of this ramp up happening towards the end of the decade while the JV with Stryten may be key to unlocking commercialization”