Ilika plc with ticker (LON:IKA) now has a potential upside of 227.9% according to Berenberg Bank.
Berenberg Bank set a target price of 100 GBX for the company, which when compared to the Ilika plc share price of 31 GBX at opening today (26/04/2024) indicates a potential upside of 227.9%. Trading has ranged between 25 (52 week low) and 60 (52 week high) with an average of 221,915 shares exchanging hands daily. The market capitalisation at the time of writing is £49,282,436.
Ilika plc is a United Kingdom-based company. The Company is engaged in developing and commercializing its cutting-edge solid-state batteries. The Company develops and commercializes its thin-film Stereax miniature solid-state batteries for powering implantable medical devices and industrial wireless sensors (IIoT) in specialist environments, as well as progressing the development of its large-format Goliath cells for electric vehicles (EV) and cordless appliances. It has a secured lease of approximately 1,600 square meters property for Stereax manufacturing scale-up and installed over 340 square meters clean room facility. The Company is enabling solutions for applications, such as industrial Internet of things (IoT), MedTech, electric vehicles (EV) and consumer electronics. The Company has its operations in the United States of America, China and Israel.
Ilika plc 227.9% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
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Ilika reported results for the year ended 30 April 2025. The group advanced transfer of Stereax miniature solid state battery manufacturing to Cirtec in the US and validated Goliath EV prototypes, including scale up work at UKBIC.
Ilika will receive £1.25 million from the APC Demonstrate fund to produce its first Goliath A-Sample solid-state batteries in a 12-month PRIMED programme with HSSMI and UKBIC, starting 1 August 2025.
Ilika plc announces the conclusion of its oversubscribed Retail Offer, raising £0.9 million and increasing gross proceeds to approximately £4.2 million.
Ilika Plc has successfully closed its accelerated bookbuild, raising approximately £3.3 million to enhance solid-state battery technology and commercial growth.
Ilika Plc, a leader in solid-state battery technology, plans to raise approximately £3.0 million through a new share placing and a retail offer for shareholders.
Ilika plc has confirmed its P1 Goliath solid-state battery prototypes meet specifications, showcasing significant progress in testing and commercial viability.
