Nano One Materials (TSXV: NNO) has a perfect looking chart and is setup for an explosive move higher. After closing Monday above its 200-day moving average of $1.43 per share, NNO closed yesterday above its key breakout point of $1.47 per share. With Tesla (TSLA) announcing on Monday that it is paying a 50% premium to acquire Maxwell Technologies (MXWL) for $218 million, battery technology stocks are about to become the hottest plays in the entire market!
While MXWL's technology has the potential to reduce EV battery costs by 20%, NNO's technology can potentially reduce EV battery costs by up to 50%. According to InsideEVs, TSLA's acquisition of MXWL is signaling a move to cobalt-free solid state batteries. Click here to see for yourself!
This is exactly what NNO is working on! Look at page 3 of NNO's presentation from its homepage, it says, "Nano One Cathodes for conventional and solid-state lithium ion batteries" with an emphasis on solid-state!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from NNO of $20,000 cash for a one-month investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.