Forge Nano Receives $10M Investment from GM Ventures to Pursue GM Battery Material Enhancements for Future Electric Vehicles
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Investment and Partnerships: Forge Nano has raised over $100 million in capital, including a recent $10 million investment from GM Ventures, and has formed a strategic partnership with General Motors to enhance battery materials using its Atomic Armor technology.
Battery Manufacturing Expansion: Forge Battery, a subsidiary of Forge Nano, is set to produce high-performance lithium-ion batteries at a new Gigafactory in North Carolina, supported by a potential $100 million award negotiation with the U.S. Department of Energy.
Analyst Views on ORN
Wall Street analysts forecast ORN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ORN is 13.00 USD with a low forecast of 13.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 12.660
Low
13.00
Averages
13.00
High
13.00
Current: 12.660
Low
13.00
Averages
13.00
High
13.00
About ORN
Orion Group Holdings, Inc. is a specialty construction company that serves the infrastructure, industrial, and building sectors. The Company provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin. Its segments include marine and concrete. Its marine segment provides construction and dredging services, including marine transportation facility construction, marine pipeline construction, marine environmental structures construction, dredging of waterways, channels and ports, environmental dredging, design, and specialty services related to marine construction, fabrication, and dredging. Its concrete segment provides turnkey concrete construction services, including concrete surface place and finish, site preparation, layout, forming, and rebar placement for large commercial, structural and other associated business areas. Its specialty services include design, salvage, demolition, surveying, towing, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
