Funding and Growth: Redwood Materials has successfully raised over $2.5 billion, including a recent $350 million in a Series E round, to enhance its energy storage business amid the growing demand from AI data centers.
Transition to Manufacturing: The company has shifted from battery recycling to producing high-performance battery materials and energy storage systems, operating a microgrid in Nevada and repurposing used EV batteries for various industries.
Founding and Mission: Founded in 2017 by JB Straubel and Andrew Stevenson, Redwood Materials aims to create a closed-loop battery supply chain in the U.S. to reduce reliance on foreign materials and promote sustainable electrification.
Potential IPO Candidate: Analysts view Redwood Materials as a strong candidate for an IPO due to its rapid growth, significant institutional backing, and increasing capital requirements.
Wall Street analysts forecast IPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IPO is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
Wall Street analysts forecast IPO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IPO is USD with a low forecast of USD and a high forecast of 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.
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Current: 46.851
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Current: 46.851
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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.
