In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14.
ELMS (NASDAQ: ELMS) closed Thursday at $9.15, down 6% from the open.
The research firm said it was “impressed by the company’s experienced management team and capital-light go-to-market business model that focuses on keeping its approach to manufacturing simple” and a low capital expenditure need to bring Class...
https://www.freightwaves.com/news/cowen-expects-electric-last-mile-systems-to-charge-ahead