Blackstone Resources receives BUY rating for CHF 12.60

Blackstone Resources AG (SWX: BLS) is pleased to announce that AlphaValue has given Blackstone Resources a BUY recommendation in its latest research update. AlphaValue currently covers Blackstone Resources and maintained a BUY rating in January 2021 with a target price of CHF 12.60 for 2021, which is well above the current share price.

During 2020, Blackstone Resources announced that it had achieved a series of important milestones for producing printed battery cells and solid-state batteries. Following this announcement, Blackstone Resources won grants from the European Commissiona??s Horizon 2020 programme and Swiss innovation agency InnoSuisse. The company also opened a new battery manufacturing facility in Germany and plans to go into mass production in the summer of 2021.

The company has been investing in the next generation of battery technology for the last few years. It is focused on battery-printing technology, which it believes will be the cornerstone for the future production of solid-state batteries.

Subsequently, AlphaValue revisited its previous target price and BUY rating, which it later adjusted and reaffirmed.

Highlights on recent developments that impacted this new price target:
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