Q: Which would you prefer for total return for a 2 to 3 year hold and why? Thanx.
5i Research Answer:
For a two to three year hold, we would give ELVA the slight edge today. It is a slightly larger company, it has a higher volatility level, but earnings growth has been solid, and we think its battery tech will be important in robotics, electrification, and energy storage. GRID remains an attractive long-term grid-modernization story, but we feel that ELVA has the potential for higher earnings appreciation over a shorter period of time.