A Critical Supplier For Electric Vehicles Is Being Mispriced By The Market
Investors are focussing on short-term risks and forgetting the bigger picture.
This company’s products are critical for a number of growing industries including electric vehicles, 5G and potentially AI.
Two external developments have sent the stock down to recent lows. But neither of those events are necessarily material.
The current valuation doesn’t account for multiple secular trends, or the company’s positioning in silicon carbide substrates.
Near-term cycles look volatile but the long-term outlook remains bright.