Q: I’m of the opinion that the current trouble in the Middle East will spur sales of EV’s. Do you agree? If so are there any small caps that might benefit?
You note PNG may be able to defuse mines in the Straight of Horuz. Do they manufacture a “mine sweeper” or is it more of an intention?
Any comments you have would be appreciated.
Jim
You note PNG may be able to defuse mines in the Straight of Horuz. Do they manufacture a “mine sweeper” or is it more of an intention?
Any comments you have would be appreciated.
Jim
5i Research Answer:
We are not sure that shorter term energy price volatility will move the needle much in terms of EV demand but if energy prices stay elevated over a long period, we do think a case can be made for marginal increased demand for EVs. In the small-cap space, we think GRID is an interesting 'derived demand' type of exposure to this theme.
On PNG, they themselves don't manufacture things like mine sweepers but their sonar technology could be an input into these types of products.