Seeking Alpha

Polypore drops on Wedbush downgrade

  • In spite of their recent lithium separator supply deal, checks indicate Polypore (PPO -4%) won't be replacing Ube in its current electric drive vehicle programs for Panasonic, writes Wedbush's Craig Irwin, downgrading shares to Neutral.
  • Irwin also says checks suggest Polypore won't be replacing Tesla battery materials supplier Sumitomo.
  • Shares had made new 52-week highs yesterday. They're still up 20% YTD.
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