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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