And they make their own case. Over the past month, at least four updates electrified the investor community into opening new or adding to MULN positions. That interest sent shares soaring by over 177% from October lows. While market gravity helped pull part of that surge lower, share price declines in MULN is an opportunity at this stage of the game, not a sign of internal weakness.
That's because, from a fundamental and operational perspective, MULN is starting to hit its stride using all cylinders. In fact, its potentially transformative acquisition of new assets, significant decrease in debt, exclusive licensing to market the I-GO last-mile EV in European markets, and robust interest and demand for its FIVE EV Crossover put MULN in its best position ever to create sustainable shareholder value.
An Impressive String Of Performace
There's was already plenty to support that bullish sentiment. And more was added last week when MULN announced eliminating
Even if some hang around, they may not want to for long. The positive updates announced over the past few weeks should positively affect income going forward. And with a well-managed and ambitious company starting to do all the right things at the right time, more than just accruing new revenues, they can harness the value inherent to recent deals. All tolled, MULN could transform into an even more impressive EV sector player.
Video Link: https://www.youtube.com/embed/zHWJfzvX3uM
Getting Bigger Faster With I-GO
By the way, that's happening. While absent from its share price value, there's plenty of intrinsic value already in the MULN portfolio. A deal made last month added considerably to it. In October, MULN closed a deal acquiring what could be a game-changing asset for the company. Investors appeared to appreciate the news; they sent shares higher by over 77% after MULN announced acquiring exclusive sales and marketing rights to sell the I-GO in particular European markets. Considering that the I-GO is described as a "perfect" electric vehicle for urban European markets, and knowing that the MULN team is capable of tapping into its value, the impressive move higher could still be leaving value on the table, especially with the I-GO expected to fill a substantial niche last-mile services opportunity in those markets. From a size and logistics perspective, it certainly meets market needs.
It boasts a short but powerful 96-inch wheelbase, 16.5-kWh battery pack, rear-wheel drive, and a curb weight of only 1,753 lbs. Add with its NEDC estimated range of 124 miles per charge and its ability to easily handle the stop/go and weave in/out typical of narrow European urban streets, it's already jumping in the polls as a favored vehicle choice for both last-mile delivery companies and consumers wanting convenience and value. That's no surprise. The I-GO was specifically built to meet known market needs, designed to get to the customer's door faster and provide affordable in-town EV options while decreasing pollution and congestion levels across
It's attractively priced, too. The I-GO will have a starting price of only
Earning Industry And Consumer Accolades
And remember that there's plenty more supporting MULN's bullish case. In addition to I-GO providing MULN with massive new revenue-generating opportunities, it also extends its brand into other countries while simultaneously allowing them to remain focused on its mission of manufacturing its lineup of impressive EVs in the
Incidentally, in addition to securing the exclusive sales, distribution, and branding rights for the I-GO in
Near And Long-Term Market Opportunities
That's likely. From just those few updates made in October, MULN went from a medium to long-term play to a near-term and compelling value proposition. And despite its recent increase, MULN shares still look appreciably disconnected from an appropriate valuation. But that's not altogether bad news; valuation disconnects expose investment opportunities, and this is one that investors may want to seize.
While there are now a few smallcap EV companies to choose from, others don't seem to hold the revenue-generating firepower inherent to MULN. Nor have others created an end-to-end ecosystem making "going electric" more accessible than ever. And considering that millions of private-sector companies and public-sector consumers want the types of products Mullen sells and plans to sell, and fortified with an overseas presence, MULN also looks better positioned from a market perspective to monetize its initiatives sooner than its peers. Again, no surprise there if it happens.
Its products are different, and that's generating a lot of interest. Its Mullen FIVE EV product family is "strikingly different" and is a welcomed addition to the premium midsized electric-powered sport utility vehicle market. But it has more than great looks. In addition to what's been described as "stunningly designed and engineered," it's manufactured entirely in the
Its timeless design and intuitive functionality also showcase power, going from zero to sixty in 3.2 seconds, positioning it at or near the top of many categories compared to competing vehicles' styles and performance. But there's still more to help put the FIVE into a class of its own. It's also equipped with modern advancements like facial recognition technology, an integrated LED lighting system, voice command, and PERSONA, a personal vehicle assistant controlled via app managing preferences and security modes.
That's led to consumer opinions overwhelmingly supportive of the car, placing it among the best in the space and earning competitive respect against
Beyond FIVE's market intro, MULN plans to bring its Mullen RS to market in Spring 2023, as well as a lineup of commercial fleet vehicles intending to seize a substantial share of the demand for last-mile delivery vehicles. And part of that market, and others, can be exploited through MULN's controlling interest in
But Mullen isn't only a vehicle manufacturing company; they are a technology company, too, working intensively on developing innovative polymer solid-state battery cell technology.
MULN's EV Battery Technology Solutions Are Valuable, Too
Advancing through its prototype stage, MULN could be on the verge of finalizing an industry-best design to improve electric battery safety and capability by replacing the liquid electrolyte currently used in lithium-ion EV batteries. Trials intend to show that swapping the liquid for a solid-state alternative will significantly improve performance, power, and safety.
Remember that this current multi-billion dollar battery market opportunity is expected to become a trillion-dollar one as early as 2030. As is often the case, best-in-class products earn the lion's share of market rewards. Mullen believes its technology could transform its company into one of the lions, and it's possible. Mullen recently emphasized how its rendition of solid-state batteries offered higher energy density, faster charging time, smaller size, and safety compared to traditional lithium-ion cells. Developing new technologies has led to some partnerships, too.
Mullen is engaged with Hofer Powertrain and DSA to facilitate the manufacturing of components for its electric drive systems and remote OTA capabilities. The company is also working with and supported by ARRK, which provides computer-aided engineering, body in white, battery, closures, interior, chassis, thermal, and infotainment engineering for its EV lineup. They also joined forces with automation company Comau in a strategic alliance to develop a state-of-the-art body shop. That's not all.
They are also working with Dürr, supporting assembly and paint shop technologies, connecting seamlessly with Mullen's fully equipped engineering facility in
More value is expected to accrue from MULN's desire to acquire an additional factory for Mullen FIVE production and various new programs, which, if consummated, could expedite MULN's mission to become a major sector player. With gravity pulling shares lower, the accretive value from all the above appears conspicuously absent from MULN's valuation.
A Bullish Proposition That's Getting Stronger
Still, investors know that valuations in emerging companies on the heels of transformation can change quickly. And those that execute well often see exponential increases in value, sometimes within minutes of an announcement. With several expected from MULN by the end of the year, gains similar to its 177% surge could again be in style. Again, not hype-based but substance backed.
Indeed, from the sidelines, the tug-of-war between long and short sellers can be entertaining. At the same time, though, that banter does help create opportunities at attractive prices. With the sum of MULN's parts appreciably stronger than a month ago and with enhanced revenue-generating opportunities in its scope, taking advantage of them as they come may be a wise consideration.
Undoubtedly, many think MULN scored EV gold when it acquired exclusivity to the I-GO. And many more argue that deal is just a small part of a much bigger developing story. The excellent takeaway is that both can be right, which keeps the storyline bullish for
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The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
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