SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles and other applications. The company was founded in 2012 and is headquartered in Boston, Massachusetts.
IPO Year: 2021
Exchange: NYSE
Website: https://www.ses.ai
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/10/2024 | $1.50 | Hold | Deutsche Bank |
9/5/2024 | $1.00 | Underperform | Wolfe Research |
12/18/2023 | Mkt Perform | William Blair | |
6/8/2023 | $4.00 | Peer Perform → Underperform | Wolfe Research |
10/31/2022 | Market Perform | Cowen | |
9/14/2022 | $7.00 | Hold | Deutsche Bank |
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, unveiled Molecular Universe MU-0, the Company's groundbreaking battery material discovery software and service platform, in a highly anticipated demonstration that offered the public a firsthand look at how this innovative tool could shape the future of battery development. Molecular Universe is designed as an advanced toolkit to map the entire realm of possible small molecules relevant to all battery chemistries, including Li-Metal, Li-ion and Sodium. The platform is an AI-augmented discovery suite that accelerates R&D by recommendin
Reports record first quarter revenue of $5.8 million Board approves $30 million share buyback program Develops Molecular Universe software and service platform for all battery chemistries and applications Affirms 2025 revenue guidance and expects to exit 2025 with above $200 million in liquidity Highlights Reported $5.8 million in first quarter 2025 revenue Announced $30 million share repurchase authorization Affirmed previously issued full year 2025 financial guidance SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its business results for the first quarter
Affirms 2025 revenue guidance and expects to exit 2025 with above $200 million in liquidity SES AI Corporation ("SES AI" or the "Company") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced that its Board of Directors has authorized the Company to repurchase up to $30 million of its Class A common stock. Under the authorization, the Company may repurchase shares from time to time at management's discretion, through a variety of methods, including open market purchases in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), privately negotiated transa
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, will host a live demo on April 29, 2025, at 11 a.m. ET to unveil Molecular Universe MU-0 its latest battery material discovery software and service platform, powered by physics and AI. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410888310/en/Molecular Universe MU-0 is SES AI's latest battery material discovery software and service platform. This 2D map visualizes a 512 dimensional universe of small molecules through a dimension reduction algorithm called UMAP (Uniform
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced preliminary unaudited revenue results and expected liquidity for the first quarter ended March 31, 2025. Consistent with its previously issued full year 2025 guidance, the Company expects to report first quarter revenue in the range of $5.0 million to $5.8 million. In addition, the Company anticipates that its liquidity as of March 31, 2025 (consisting of cash and cash equivalents and short-term investments) should be approximately $240 million with no debt outstanding. Qichao Hu, Founder and CEO of SES AI, noted,
SES AI Intends to Return to Compliance with NYSE Standard Notice Does Not Impact Trading of the Company's Class A Common Stock SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced that, on March 7, 2025, it had received a notice from the New York Stock Exchange (the "NYSE") that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its Class A common stock was less than $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price required to maintain continued listin
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its schedule for March appearances and activities. Cantor Global Technology Conference Date: March 11, 2025 Time: 4:20pm ET Location: InterContinental New York Barclay, New York, NY Event Details: Dr. Qichao Hu, Founder and CEO, will give a presentation on The Future of Batteries and Power Storage, and conduct investor meetings. SXSW 2025 Date: March 12, 2025 Time: 12:30pm – 1:30pm ET Location: Hilton Austin Downtown, Austin, TX Event Details: Dr. Hu will participate in a Fireside Chat titled, "AI Is Accelerating th
Reaches Commercialization and Revenue Generation in Fourth Quarter New Revenue Sources Develop from EV, Drones/Robotics and BESS New AI-Enhanced 2170 Cylindrical Cell Opens Humanoid and Li-ion EV Markets Issues 2025 Revenue Guidance Strong Balance Sheet Provides Liquidity into 2028 Highlights Reported $2.0 million in fourth quarter revenue; an accelerated revenue ramp is expected in 2025 Deepened partnerships with existing automotive OEMs with commercialization of AI for Science to develop new electrolyte materials for both Li-Metal and Li-ion batteries All in on AI strategy powered battery material discovery to an entirely new AI-enhanced 2170 cylindrical cell for emerging human
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced it has received a letter from the New York Stock Exchange ("NYSE") dated February 3, 2025 (the "Compliance Notice"), notifying the Company that it has regained compliance with the NYSE's continued listing criterion for minimum share price under Section 802.01C of the NYSE Listed Company Manual. About SES AI: SES AI Corp. (NYSE:SES) is powering the future of global electric transportation on land and in the air with the world's most advanced Li-Metal batteries. SES AI is the first battery company in the world to acce
Announces Date of Conference Call for Fourth Quarter 2024 Results SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced preliminary unaudited revenue results and expected liquidity for the fourth quarter ended December 31, 2024. Based on this month's announcement of contracts with SES AI's OEM partners for the commercial application of AI for Science for battery material discovery and the purchase order for AI-enhanced Li-Metal and Li-ion batteries for drone applications, the Company expects to report fourth quarter revenue earlier than it originally anticipated and in
Deutsche Bank resumed coverage of SES AI Corporation with a rating of Hold and set a new price target of $1.50
Wolfe Research resumed coverage of SES AI Corporation with a rating of Underperform and set a new price target of $1.00
William Blair initiated coverage of SES AI Corporation with a rating of Mkt Perform
Wolfe Research downgraded SES AI Corporation from Peer Perform to Underperform and set a new price target of $4.00
Cowen initiated coverage of SES AI Corporation with a rating of Market Perform
Deutsche Bank initiated coverage of SES AI Corporation with a rating of Hold and set a new price target of $7.00
Reports record first quarter revenue of $5.8 million Board approves $30 million share buyback program Develops Molecular Universe software and service platform for all battery chemistries and applications Affirms 2025 revenue guidance and expects to exit 2025 with above $200 million in liquidity Highlights Reported $5.8 million in first quarter 2025 revenue Announced $30 million share repurchase authorization Affirmed previously issued full year 2025 financial guidance SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its business results for the first quarter
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced preliminary unaudited revenue results and expected liquidity for the first quarter ended March 31, 2025. Consistent with its previously issued full year 2025 guidance, the Company expects to report first quarter revenue in the range of $5.0 million to $5.8 million. In addition, the Company anticipates that its liquidity as of March 31, 2025 (consisting of cash and cash equivalents and short-term investments) should be approximately $240 million with no debt outstanding. Qichao Hu, Founder and CEO of SES AI, noted,
Reaches Commercialization and Revenue Generation in Fourth Quarter New Revenue Sources Develop from EV, Drones/Robotics and BESS New AI-Enhanced 2170 Cylindrical Cell Opens Humanoid and Li-ion EV Markets Issues 2025 Revenue Guidance Strong Balance Sheet Provides Liquidity into 2028 Highlights Reported $2.0 million in fourth quarter revenue; an accelerated revenue ramp is expected in 2025 Deepened partnerships with existing automotive OEMs with commercialization of AI for Science to develop new electrolyte materials for both Li-Metal and Li-ion batteries All in on AI strategy powered battery material discovery to an entirely new AI-enhanced 2170 cylindrical cell for emerging human
Announces Date of Conference Call for Fourth Quarter 2024 Results SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced preliminary unaudited revenue results and expected liquidity for the fourth quarter ended December 31, 2024. Based on this month's announcement of contracts with SES AI's OEM partners for the commercial application of AI for Science for battery material discovery and the purchase order for AI-enhanced Li-Metal and Li-ion batteries for drone applications, the Company expects to report fourth quarter revenue earlier than it originally anticipated and in
EV B-Samples Passed Industry Safety Test GB38031 Revenue Pipeline from UAM and Drones Revenue Pipeline from AI-Accelerated Battery Material Discovery Strong Balance Sheet Provides Liquidity into 2028 Highlights 100Ah Li-Metal cells successfully passed GB38031-2020 global EV safety test UAM (Urban Air Mobility) lines completed Site Acceptance Test (SAT) and signed cell supply agreements including with SoftBank Building earlier revenue pipeline from AI-accelerated battery material discovery for Li-Metal and Li-ion electrolytes FY 2024 cash usage in range of $80M to $95M, down from $100M to $120M SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufa
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced it will release its 2024 third quarter financial results after market close on Thursday, October 31, 2024. The Company will hold a conference call on Thursday, October 31, 2024, at 5:00 p.m. ET to present its exciting progress in Li-Metal cells for electric vehicles (EVs), urban air mobility (UAM), and drones, along with updates on its AI initiatives. A webcast of the live conference call will be available through SES's Investor Relations website, https://investors.ses.ai. The following link can be used to register in advance for the call: h
Goes All-in on AI with 3 AI Solutions for batteries Full year 2024 cash usage guidance lowered Strong balance sheet provides liquidity into 2027 Highlights AI solutions now targeted as the future business model of electric transportation UAM and drone demand accelerating with cell testing agreements reached FY 2024 cash usage in range of $100M to $120M, down from $110M - $130M SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced its new strategy of "All-in on AI" at its second quarter 2024 business results for the quarter ended June 30, 2024, after market close on Monday, July
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced it will release its 2024 second quarter business results after market close on Monday, July 29, 2024. The Company will hold a conference call on Monday, July 29, 2024, at 5:00 p.m. Eastern Time. A webcast of the live conference call will be available through SES's Investor Relations website, https://investors.ses.ai. The following link can be used to register in advance for the call: https://events.q4inc.com/attendee/280209303, and the following link can be used by investors to submit questions in advance of the call by Friday, July 26, 202
Highlights The world's first to build and operate a Li-Metal line within an automotive OEM's facility. The first Li-Metal battery company to have two B-sample development JDAs. The UAM market opportunity is closer to commercialization with B-sample progress and the expected conversion of an existing line to dedicated UAM cells. The 2024 outlook previously issued on February 26, 2024 is affirmed. SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced its first quarter 2024 business results for the period ended March 31, 2024. This press release features multimedia. View the full re
SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced it will release its 2024 first quarter business results after market close on Thursday, May 2, 2024. The Company will hold a conference call on Friday, May 3, 2024, at 9:00 a.m. Eastern Time. A webcast of the live conference call will be available through SES's Investor Relations website, https://investors.ses.ai. The following link can be used to register in advance for the call: https://events.q4inc.com/attendee/700378152, and the following link can be used by investors to submit questions in advance of the call by Friday, May 3, 2024
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The addition of Krzanich, former CEO of Intel Corp. and CDK Global Inc., comes as SES AI gains value-creating momentum on its path to commercialization in the electric vehicle (EV) market and in its expansion into urban air mobility (UAM) applications. SES AI Corporation ("SES AI") (NYSE:SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, is pleased to announce that Brian Krzanich, who served as Chief Executive Officer at both Intel Corp. and CDK Global Inc., has joined the board of directors as an independent director, effective January 26, 2024. This press release features multimedia. View the full release here: https://www.businesswire.co
SES AI Corporation (NYSE:SES), headquartered in Boston, a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, today announced the appointment of Daniel Li as Chief Manufacturing Officer. Mr. Li has been working in the lithium-ion battery industry for 15 years, including in senior roles at A123. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426005580/en/Li-Metal cell during stacking process (Photo: Business Wire) In this newly created position, Mr. Li will lead SES's transition from automotive A-samples t
Semiconductor Industry Veteran Takes the Helm as Company's Disruptive, Scalable Holographic eXtended Reality Chip Technology Gains Traction in AR/VR/XR Applications Swave Photonics, an innovator in Holographic eXtended Reality (HXR) technology to bring the metaverse to life, today announced the appointment of Mike Noonen as CEO. Noonen joins Swave to expand the investment and commercialization of immersive 3D, gigapixel holographic projection chips for a wide range of emerging AR/VR and metaverse applications benefiting from truly realistic 3D experiences. Noonen takes the helm from Theodore Marescaux who guided the company through its initial technology development, customer engagement a
An international expert in the financing and growth of high tech businesses LinKinVax, a clinical-stage biotechnology company specializing in the treatment of infectious diseases and certain forms of cancer, announces the appointment of Dr. Jiong Ma as independent board member. "As we enter the clinical stages of a number of drug candidates (HPV, Covid) resulting from our innovative vaccine platform, I am delighted to welcome Dr. Jiong Ma as an addition to our board. With a longstanding focus on the financing and growth of high tech businesses, her role will be to support us in our platform development strategy and to help us achieve our ambitions on a global scale. Dr. Jiong Ma benefits
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