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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Latest Company News
Ilika’s Goliath solid-state battery technology targets a higher cell-to-pack ratio by combining high-nickel NMC chemistry with a non-flammable solid electrolyte.
Ilika CEO Graeme Purdy discusses the completion of the PRIMED programme, improved consistency in Goliath battery performance, growing defence interest and progress with Brompton on e-bike battery applications.
Former UK Strategic Command Director of Capability Robin Anderton-Brown joins Ilika as a strategic advisor, supporting opportunities for its Goliath solid-state batteries in the defence sector.
Ilika has completed its £3 million PRIMED programme, reporting improved energy density, charging, power, cycle life and thermal stability for its 10Ah Goliath solid-state battery cells, alongside new commercial opportunities in defence, e-bikes and other applications.
Ilika will present its UK-developed quasi-solid-state cell technology at The Faraday Institution’s Next Frontiers in Energy Storage event on Tuesday 8 September.
