Shares in Novonix Ltd (ASX: NVX) are in the red today, currently trading 1.18% lower at $3.34.
Today’s downside extends losses for Novonix to more than 63% this year to date, or 27% in the last month alone.
The company is set to present at the Stifel Cross Sector Insight conference during US market hours on Wednesday, and has released the slide deck of its presentation beforehand.
What is Novonix set to present?
A recent release to the ASX advised that the company was set to present its investment case to prospective analysts, portfolio managers and industry experts at the conference.
Specifically, it noted that Novonix CEO Dr Chris Burns would “present and participate in a moderated Q&A session” and would also participate in the panel discussion, Electric Vehicle Supply Chain Review – What the Industry has Learned from Disruption.
In the slide present, the company outlines numerous takeouts and milestones in its journey to date, particularly around its battery technology.
“Novonix’s Complete Battery Cell Technology is Leading the way for Next Generation EV Batteries,” it writes in one heading.
“Novonix offers improved Coulombic Efficiency (CE) compared to industry leading materials (including a Tesla Model S cell used as a reference benchmark),” it adds. The higher the CE, the longer the battery life, apparently.
The company also outlined its future goals, hoping to scale capacity of anode materials to “meet the growing demands of customers” and “develop Novonix cathode materials into an industry leader in cathode technology”.
Also on the list of company objectives is being highly profitable “with strong cash flow generation, enabling continued pursuit of profitable, high-growth opportunities”.
The conference runs from 7–9 June during US market hours, and is being presented live in Boston. Investors can tune into the live webcast by registering here.
In the last 12 months, the Novonix share price has held a 47% gain despite trading in a downtrend since November 2021.
The post Novonix share price dips ahead of US investor conference presentation appeared first on The Motley Fool Australia.
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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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