TSX:ELVA - Post Discussion
Post by
SafSaf on Sep 22, 2021 6:51am
Electrovaya past forecast U$28 millions in '21
as they sold us exponential growth, was reasonable to expect at least U$40 millions in '22.
Result we will end '21 at around U$10 millions less than '20 (U$14.5 millions).
No reason to not achieve business above U$50 millions with Raymond, the largest forklift dealer (four times bigger than Hyster-Yale and four time bigger than Crown).
https://www.mmh.com/article/top_20_lift_truck_suppliers_2021 At one point we should see a real huge surge (as they call exponential) in order by at least 300-400% in a single year vs '21, but at present stock well paid.
As some claim Amazon is a customer, remenber they pass an order for $600 millions for fuel cell forklift from plug power
https://www.timesunion.com/news/article/Amazon-could-get-huge-stake-in-Plug-Power-11051799.php
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