Electric Last Mile Solutions Inc (previous FILL) (ELMS)

[value1008]

Some nice developments with FIII / ELMS:

News announced earlier this week that pre-orders (albeit "non-binding") are up from 30k to 45k.


Now, the first two analyst "Buy" recommends, both out this a.m.:

Colliers Securities initiates coverage on Forum Merger III Corp. with a Buy rating and a price target of $18.00.

Benchmark analyst Michael Ward initiates coverage on Forum Merger III (NASDAQ:FIII) with a Buy rating and announces Price Target of $23.

Forum Merger III initiated with a Buy at Benchmark
Benchmark analyst Michael Ward initiated coverage of Forum Merger III - which is in the process of merging with and bringing public Electric Last Mile Solutions - with a Buy rating and $23 price target. ELMS is "among the best-positioned companies to benefit from the expansion of e-commerce and the electrification of the commercial delivery fleet," argues Ward, who sees several factors that will lead to a faster adoption rate for the commercial fleet than other segments of the vehicle market in the U.S. ELMS's orders and competitive position put the company "on a fast path to $1 billion in revenue," Ward added.