sur FORSEE POWER (EPA:FORSE)
Forsee Power Adjusts 2025 Financial Projections Amid Market Challenges
Forsee Power, a leader in battery systems for commercial and industrial electric vehicles, has updated its 2025 financial targets. The company reported a promising revenue increase in the first quarter of 2025, surpassing the average of the previous three quarters. However, geopolitical uncertainties and mounting competition from Asian firms raise concerns.
The company anticipates the fourth-quarter revenue to be affected by project delays in North America and pending order confirmations from significant clients. While adjusted EBITDA for the first half of 2025 is expected to improve over 2024, final 2025 results hinge on year-end sales volumes.
Forsee Power plans to deliver revised guidance with its half-year results in September. The diversification of its customer base is predicted to enhance its 2026 revenues positively.
R. H.
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