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SES AI Corp (SES)



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Upturn Advisory Summary
08/28/2025: SES (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $1.33
1 Year Target Price $1.33
1 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -83.57% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 409.61M USD | Price to earnings Ratio - | 1Y Target Price 1.33 |
Price to earnings Ratio - | 1Y Target Price 1.33 | ||
Volume (30-day avg) 4 | Beta 0.42 | 52 Weeks Range 0.20 - 2.53 | Updated Date 08/29/2025 |
52 Weeks Range 0.20 - 2.53 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.31 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-08-04 | When - | Estimate -0.04 | Actual -0.07 |
Profitability
Profit Margin - | Operating Margin (TTM) -652.31% |
Management Effectiveness
Return on Assets (TTM) -20.8% | Return on Equity (TTM) -34.37% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 186375110 | Price to Sales(TTM) 36.06 |
Enterprise Value 186375110 | Price to Sales(TTM) 36.06 | ||
Enterprise Value to Revenue 16.41 | Enterprise Value to EBITDA -29.67 | Shares Outstanding 321840000 | Shares Floating 249439886 |
Shares Outstanding 321840000 | Shares Floating 249439886 | ||
Percent Insiders 16.95 | Percent Institutions 30.2 |
Upturn AI SWOT
SES AI Corp
Company Overview
History and Background
SES AI Corp (formerly SolidEnergy Systems) was founded in 2012. It originated from research conducted at MIT. SES focuses on developing and manufacturing high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications.
Core Business Areas
- Li-Metal Battery Development: SES focuses on developing Li-Metal batteries for EVs which can improve vehicle range and safety. Their focus is on large format cells for automotive applications.
- Battery Recycling: SES has started to explore battery recycling technologies as the end-of-life market of batteries is growing
- AI-Powered Battery Management: SES utilizes AI-powered battery management software to optimize battery performance and safety.
Leadership and Structure
The company is led by Dr. Qichao Hu, the founder and CEO. SES AI Corp. operates with a structure focused on technology development, manufacturing, and commercial partnerships.
Top Products and Market Share
Key Offerings
- Apollo Li-Metal Batteries: SES's Apollo Li-Metal battery is designed for high energy density and fast charging. Market share data is not publicly available. Key competitors include QuantumScape (QS) and Solid Power (SLDP).
- Hermes Platform: The Hermes platform provides a turnkey solution for automotive OEMs to test and develop solid-state batteries. Market share data is not publicly available. The target client is automotive OEM.
Market Dynamics
Industry Overview
The electric vehicle (EV) battery market is experiencing rapid growth, driven by increasing EV adoption and demand for higher-performance batteries. It has a large range of competitors from Lithium Ion Phosphate to Solid state batteries.
Positioning
SES aims to be a leader in Li-Metal battery technology, offering high energy density and fast charging capabilities. Their competitive advantage lies in their AI-powered battery management system and focus on large-format cells.
Total Addressable Market (TAM)
The EV battery market is projected to reach hundreds of billions of dollars in the coming years. SES AI Corp. is positioned to capture a share of this market by focusing on high-performance batteries and strategic partnerships with automotive OEMs.
Upturn SWOT Analysis
Strengths
- Innovative Li-Metal battery technology
- AI-powered battery management system
- Strong IP portfolio
- Strategic partnerships with automotive OEMs
- Focus on large-format cells for automotive applications
Weaknesses
- Limited manufacturing capacity
- High production costs
- Dependency on raw material supply chains
- Relatively new company with limited operational history
- Negative profitability
Opportunities
- Growing demand for high-performance EV batteries
- Expansion into new markets (e.g., energy storage)
- Partnerships with battery recyclers
- Government incentives for EV adoption
- Advancements in battery technology
Threats
- Competition from established battery manufacturers
- Fluctuations in raw material prices
- Technological advancements by competitors
- Regulatory changes
- Economic downturns
Competitors and Market Share
Key Competitors
- QS
- SLDP
- MBLY
- NVDA
Competitive Landscape
SES aims to compete with QS and SLDP through its Li-Metal battery technology and AI-powered battery management system. They also want to bring autonomous driving and automated parking to the forefront of battery development.
Growth Trajectory and Initiatives
Historical Growth: SES has experienced growth in partnerships and technology development.
Future Projections: Analyst estimates vary significantly depending on the company's ability to scale up production and secure further partnerships.
Recent Initiatives: SES has focused on scaling up its battery production capacity and establishing partnerships with automotive OEMs.
Summary
SES AI Corp is a high-potential company in the EV battery space, focusing on advanced Li-Metal technology. While facing challenges in scaling production and achieving profitability, its innovative approach and strategic partnerships offer considerable growth opportunities. The company's success hinges on effectively commercializing its technology and navigating the competitive landscape. Investors should closely monitor SES's progress in scaling production and securing further partnerships. SES has heavy dependence on new partnerships.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Press releases
- Analyst reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market share data is estimated due to the nascent stage of Li-Metal battery commercialization. Data may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SES AI Corp
Exchange NYSE | Headquaters Woburn, MA, United States | ||
IPO Launch date 2021-03-01 | Founder, Chairman & CEO Dr. Qichao Hu | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 250 | Website https://www.ses.ai |
Full time employees 250 | Website https://www.ses.ai |
SES AI Corporation develops and produces AI enhanced lithium metal and lithium ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications. It manufactures and sells li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers. SES AI Corporation operates in the United States and the Asia Pacific region. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.

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