Tritium DCFC Limited DCFC
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Dcfc keeps looking for a bottom on super low volume. It wouldn’t surprise me if we head all the way down to $7 unless we get a news catalyst. Just be willing to hold through these sell offs since another 10-15% is possible but a 2-3x upside 1 year target is reasonable. Good luck
You don’t see this too often. We have more warrants traded than actual stock.
Gilbert it is just mass manipulation by the large firms. This happens all the time especially with stocks that no one knows about yet. Basically they are screwing with the retail investor and rob you of your shares. It happens in all but the very large stocks. I look at it this way, no one is really willing to sell at these levels even though they pushed it below $9. This makes the warrants easier to trade since they have a 5 year expiration unless they force a cashless redemption but that would mean that the stock has been trading above the $10.80 level which would be almost a double in the warrants from these levels. We need a little patience with dcfc and about 4-6 weeks for some good, substantial news about their order book or earnings expectations.
Another day of no sellers. Volume is pathetic which is fine by me. When the Tennessee plant opens and guidance on orders is given, we will explode. Chargepoint is rocking today which bodes well for us. For all of those nervous nellies out there. Just do some research and find out how good things look for the future of Tritium. Remember, they hit 50% of there order goals for 2022 in mid March. When the TN plant opens they go from a 5k unit capacity per year to 35k if they have the orders. I suspect their breakeven timeline will also get moved up. Imagine that, an Ev charging company that makes money. Lol. If you want the easiest trade out there with a little leverage, buy the warrants, if you want a higher leveraged trade, look at the November calls. I’m in both and not worried a bit. Things will change for the positive by mid to late July. Just a little more patience folks This doesn’t even factor in their European plant which they are in discussion on.
No sellers willing to part with their shares today. Let see how low they can walk this down. If they can break 9.00 we should see the volume spike. Classic walking the stock down by the big money. It won’t last forever but this BS action will continue until earnings but after that all this manipulation should subside. No worries folks, we will see $15 when earnings comes out.
Kyle, I love that $20 target. I was thinking $12-13 in July and then $15-20 by the fall but either way we will get rewarded. I suspect they will beat earnings and come out with a nearly full order book for 2022. I like your estimates more than mine. Lol. Long and strong.
FJIII is clearly a basher. Maybe you should short dcfc right here. One analyst revised earnings from a loss of .09 to a loss of .01. All we need is a few high volume days and we can put the lows behind us. Still has some work to do but very constructive. Go longs.
Thanks T for the information on company reporting information. Unfortunately if they report semi annually then maybe we get an earning update in July or August if we are lucky. Looks like we will be stuck between 8-10 for a few more months. Any meaningful update on future orders and some context around their revenue expectation would help the stock move but that isn’t happening especially since we haven’t gotten anything at all, so patience is the key. I have a ton of both warrants and November calls but warrants be the better bet. Regardless, I am a long term holder.
$DCFC I emailed DCFC and asked when they will report earnings. This is the reply I received today:
“For earnings, the NASDAQ requires Tritium to report on a semi-annual basis, with the deadline for reporting full December 31, 2021 financials falling in June. When more information is available on scheduling, the Company will make an announcement.”
I had no idea that NASDAQ had this rule. All other companies I have followed have reported quarterly. I think DCFC should too,
Long term holder.
Let hope the short term bottom is in. This article mentioning Europe charging market should be 60+ billion by 2029. Gotta love that number. BP and Shell are 2 in the top 5 they mention and it just so happens that Tritium supplies them with their chargers. Of course this isn’t all fast charger built out but still good news since tritium is in the European market. Let get some volume this week so we can get some attention.