Wednesday, November 17, 2021 10:13:53 AM
* Toronto-based NextSource Materials Inc. (NEXT-T) with an “outperform” rating and $7 target. The average target is $6.15.?“NEXT is an overlooked company within a misunderstood segment of the battery supply chain,” said Mr. Fiedler. “We believe NEXT’s exclusive partnerships with established anode material suppliers is underappreciated by the market amid an attractive relative valuation to peers currently. Ultimately, NEXT solves the downstream need to diversify away from Chinese-dominant battery material supply without the major development risks associated with a new entrant.”
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