Seeking Alpha

William Blair still bullish on Polypore amid sell-off

  • William Blair is sticking with an Outperform rating for Polypore (PPO -14.6%) even as the stock sells-off on weaker-than-expected Q3 numbers.
  • "We believe ... that one or more of PPO's key customers in the electric vehicle market ... is putting pressure on [the company] to reduce the price of separator material, and that one or more customers is employing the tactic of slowing or halting purchases of separator material as a negotiating tactic," analyst Brian Drab says, interpreting management's comments regarding weakness in the EDV segment.
  • Ultimately, Drab likes the company's competitive position and improving free cash flow, and expects an "eventual ramp in lithium separator sales."
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Comments (1)
  • abujordan
    , contributor
    Comments (140) | Send Message
    $TSLA Elon Musk says they are researching building the worlds largest "comparable to all lithium-ion production in the world in one factory" giga factory.
    5 Nov 2013, 10:25 PM Reply Like
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