We wen't from almost zero in Sep quarter, to 90 in Dec, to 270 in Mar... that's exponential regardless of whether this quarters production numbers don't meet demand or expectations. The point is that if they double production in the Jun quarter, and add further production lines in Sep, we are quickly going to >1000 batteries a quarter and that is just the mexico facility assuming one extra production line. They could of course build multiple in parallel. Once testing of the manufacturing process is complete I don't think flex is going to sit idle with just one or two production lines, the point of the partnership with RFX is to be a major player in the rapidly advancing energy storage market.
RFX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
(20min delay)