Media Watch - NVX related, page-6920

What did Morgans say?
Morgans notes that the risk off sentiment is now reflected in the Novonix share price but it is still feeling “gun shy.”It explained:We have deferred our expectations for revenue as commissioning continues on the Riverside anode facility. NVX has not provided further updates on the progress of a firm offtake with Samsung and we suspect it will take longer than hoped.The market is pricing in risk much more aggressively and NVX has not yet proven the viability of its anode business with blue chip clients at scale.We have therefore reduced our target price to $2.98 (-39%) with a higher assumed cost of equity and a later assumed ramp up of production.