One of the reasons BESS wasn't a big demand driver previously, was the fact that OEM's had first bite of the cherry with the available cell capacity. With the cell capacity side of the supply chain now in surplus, ESS providers are now accessing cheap cells and large scale grid projects are ramping. For all the FUD, fact is, GWh's deployed is increasing as forecast. Whatever short term softening we see from EV demand will be more than made up for in cells deployed to ESS.
Another fact. Large shareholders and funds have increased their % of PLS SOI. Retail has decreased. Follow the money.
Australian Super by the way, now holds 9.4% of PLS. Just thought I would mention that as a post above quoted a less amount.
Good News & Bad News, page-44890
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Last
$2.94 |
Change
0.140(5.00%) |
Mkt cap ! $8.790B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.95 | $2.81 | $28.43M | 9.924M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 248437 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 59649 | 18 |
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| Last trade - 14.01pm 07/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |