Latest news with #QichaoHu
Yahoo
a day ago
- Business
- Yahoo
SES AI (SES) Soars 15% on Reaffirmed Growth Outlook
We recently published . SES AI Corporation (NYSE:SES) is one of the best-performing stocks on Monday. SES AI jumped by 15.25 percent on Monday to close at $1.36 apiece as investors cheered its reaffirmation of growth guidance for full-year 2025 and release of preliminary earnings results. In the second quarter of the year, SES AI Corporation (NYSE:SES) said it expects to report $3.5 million in revenues for the second quarter of the year, pushing its first-half revenue to $9.3 million. The company is scheduled to release official results after market close on August 4, 2025, followed by a conference call later in the day. Following the preliminary results, SES AI Corporation (NYSE:SES) affirmed its year-end revenue target of $15 million to $25 million. In a separate statement, SES AI Corporation (NYSE:SES) announced plans to fully acquire energy storage systems provider UZ Energy for $25.5 million. UZ Energy specializes in designing and manufacturing ESS products for commercial and industrial applications. It has deployed over 500 MWh of ESS safely in over 60 countries with zero incidents. Photo by Kumpan Electric on Unsplash 'AI data centers in the US are on track to triple their share of national electricity usage by 2028. This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe's ability to deliver better ESS battery materials and health monitoring systems by providing real-world data to train our models,' said SES AI Corporation (NYSE:SES) founder and CEO Qichao Hu. While we acknowledge the potential of SES as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Why SES AI Stock Rocked the Market Today
Key Points The company announced a strategic acquisition. If all goes well, it will soon be the owner of energy storage systems purveyor UZ Energy. 10 stocks we like better than Ses Ai › A big-ticket acquisition, plus a reaffirmation of full-year revenue guidance, provided electric vehicle (EV) battery developer SES AI (NYSE: SES) with a pleasant share price lift on Monday. The company's stock zoomed more than 15% higher in value, making it quite the outlier on a trading day when the S&P 500 (SNPINDEX: ^GSPC) rose only marginally. More than 25 million reasons to pay attention to this stock SES AI announced before market open that it has signed a deal to fully acquire energy storage systems (ESS) provider UZ Energy for roughly $25.5 million. That price is subject to adjustments based on financial milestones that weren't disclosed. UZ Energy, which is privately held, specializes in the design and manufacture of ESS technology for both the commercial and industrial markets. SES AI said that the company has deployed more than 500 megawatt-hours of such storage in more than 60 countries, without a single incident. ESS solutions are used in data centers, more than a few of which are expanding their capabilities to handle the vastly increased resource needs of artificial intelligence (AI) technology. In its press release touting the deal, SES AI quoted its founder and CEO Qichao Hu as saying of the data center segment that "This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe ability to deliver better ESS battery materials and health monitoring systems by providing real-world data to train our models." SES AI anticipates the acquisition will close later this calendar quarter. Annual top-line guidance maintained Separately, SES AI published its preliminary revenue figure. The company anticipates it will post a top-line number of $3.5 million for its second quarter, the official results of which are slated to be unveiled next Monday, Aug. 5 after market close. While that is quite some distance below the $4.3 million consensus of the three analysts following the company, according to data from Yahoo! Finance, management did hold fast to its existing full-year guidance of $15 million to $25 million for revenue in 2025. Should you buy stock in Ses Ai right now? Before you buy stock in Ses Ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ses Ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why SES AI Stock Rocked the Market Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
SES AI Announces Preliminary Second Quarter 2025 Financial Results
WOBURN, Mass.--(BUSINESS WIRE)-- SES AI Corporation ('SES AI', the 'Company,' 'we' or 'us') (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its preliminary financial and business results for the second quarter ended June 30, 2025. Preliminary Second Quarter 2025 Highlights: Revenue of $3.5 million for a total of $9.3 million in the first half of 2025 Gross Margin of 74% Cash used in operations of $10.8 million, a 51% decrease from 2Q24 and a 53% decrease from 1Q25 Quarter end liquidity (comprising cash, cash equivalents and marketable securities) of $229 million with no debt Affirms 2025 revenue guidance of $15 million to $25 million Qichao Hu, Founder and CEO of SES AI, noted, 'We continued our path to profitability with revenue of $3.5 million during the second quarter, positioning us to reach our year-end revenue target of between $15 million to $25 million. With today's separate announcement of the signing of a deal to acquire UZ Energy, we are deploying a nominal amount of our excess liquidity to pursue what we view as a tremendous opportunity to accelerate our platform strategy in the global energy storage market that will provide additional revenue growth in 2025 and beyond.' As previously announced, the Company will report its results for the second quarter of 2025 after market close on Monday, August 4, 2025, and will host a conference call later that day at 5:00pm ET to discuss its quarterly results and financial outlook. About SES AI: SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world's most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul. Learn more at SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company's website at Accordingly, investors should monitor this channel, in addition to following SES AI's press releases, Securities and Exchange Commission filings and public conference calls and webcasts. The financial results presented in this press release are preliminary, estimated, and unaudited. Such amounts are subject to the completion and finalization of SES's financial and accounting closing procedures. They reflect management's estimates based solely upon information available to management as of the date of this press release. Further information learned during that completion and finalization may alter the final results. In addition, the preliminary estimates should not be viewed as a substitute for full annual financial statements prepared in accordance with GAAP. There is a possibility that SES's financial results for the three months ended June 30, 2025 could vary materially from these preliminary estimates. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as 'will,' 'goal,' 'prioritize,' 'plan,' 'target,' 'expect,' 'focus,' 'look forward,' 'opportunity,' 'believe,' 'estimate,' 'continue,' 'anticipate,' 'project' and 'pursue' or the negative of these terms or similar expressions. These statements are based on the beliefs and assumptions of the management of the Company. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of our assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to, among other things, that conditions to the closing of the acquisition of Shenzhen UZ Energy Co. Ltd. and its related entities ('UZ Energy') may not be satisfied, the potential impact on the business of the Company due to the announcement of the acquisition of UZ Energy, the occurrence of any event, change or other circumstances that could give rise to the termination of the purchase agreement therefor, changes in the financial condition, business or prospects of UZ Energy or the Company's discovery of additional information relating thereto, general economic conditions, and other factors described in our filings with the Securities and Exchange Commission (the 'SEC'), including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law. © 2025 SES AI Corp., Confidential and Proprietary
Business Wire
2 days ago
- Business
- Business Wire
SES AI Accelerates Timeline for Revenue Growth and Profitability with Acquisition of an Energy Storage System Producer UZ Energy
WOBURN, Mass.--(BUSINESS WIRE)-- SES AI Corporation ('SES AI') (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced it has executed a definitive agreement to acquire 100% of UZ Energy, an energy storage systems ('ESS') provider, for a purchase price of approximately $25.5 million, subject to earnout adjustment based on the achievement of specified financial targets. The acquisition is expected to close in the third quarter of 2025 and is subject to customary closing conditions. "This acquisition of UZ Energy launches us into an exciting market, accelerates revenue growth, and strengthens Molecular Universe's ability to deliver better ESS battery materials and health monitoring by providing real-world data to train our models." Share UZ Energy specializes in designing and manufacturing of ESS products for commercial & industrial applications. It has deployed over 500 MWh of ESS safely in over 60 countries with zero incidents. With explosive growth in AI data centers, the need for safe and high-performance ESS is rapidly growing, the acquisition is expected to generate exponentially growing revenue in the $300 billion global ESS market in the next three years. SES AI will expand its existing Molecular Universe platform through the integration of UZ Energy's hardware, real world data and marketing and sales channels. This acquisition increases SES AI's foothold in the global ESS market as a US-headquartered company to provide safe, long cycle life and cost-effective ESS hardware and software solutions. 'AI data centers in the US are on track to triple their share of national electricity usage by 2028. This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe ability to deliver better ESS battery materials and health monitoring systems by providing real world data to train our models,' said Qichao Hu, Founder and CEO of SES AI. 'In acquiring UZ Energy, SES AI now has a unique opportunity to add an important end market.' A Form 8-K on the acquisition of UZ has also been filed this morning with the Securities and Exchange Commission ('SEC') with more detailed information on the transaction. About UZ Energy : UZ Energy specializes in premium energy storage systems and is dedicated to helping the world store sustainable energy, simply and safely. UZ energy has over 500MWh of installed ESS in over 60 countries. UZ energy has an extensive global network of partners and was founded in 2013. Learn more at About SES AI : SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world's most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul. Learn more at SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company's website at Accordingly, investors should monitor this channel, in addition to following SES AI's press releases, Securities and Exchange Commission filings and public conference calls and webcasts. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as 'will,' 'goal,' 'prioritize,' 'plan,' 'target,' 'expect,' 'focus,' 'look forward,' 'opportunity,' 'believe,' 'estimate,' 'continue,' 'anticipate,' 'project' and 'pursue' or the negative of these terms or similar expressions. These statements are based on the beliefs and assumptions of the management of the Company. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of our assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to, among other things, that conditions to the closing of the acquisition of UZ Energy may not be satisfied, the potential impact on the business of the Company due to the announcement of the acquisition of UZ Energy, the occurrence of any event, change or other circumstances that could give rise to the termination of the purchase agreement therefor, changes in the financial condition, business or prospects of UZ Energy or the Company's discovery of additional information relating thereto, general economic conditions, and other factors described in our filings with the SEC, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.
Business Wire
09-07-2025
- Automotive
- Business Wire
SES AI Launches Agentic Capability in Latest Molecular Universe Release to Increase Value Proposition for R&D as a Service
WOBURN, Mass.--(BUSINESS WIRE)-- SES AI Corporation ('SES AI') (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today released a new version of Molecular Universe, MU-0.5, that includes a new and exciting feature – Deep Space – to accelerate commercial product development and enhance SES AI's first-mover advantage with R&D as a service in the global battery industry. "Deep Space is intended for intense, focused deep research—enabling users to reach real commercial product outcomes. With rising customer interest, we remain excited by the value Molecular Universe is creating across the battery industry and with OEMs." Share 'Two months after its original release, Molecular Universe has quickly become a popular and powerful tool for battery researchers in companies, national labs, and universities around the world,' said Dr. Qichao Hu, Founder and CEO. 'The excitement the Molecular Universe has generated among current and potential customers is due to their early recognition of the speed of accessing relevant and abundant research insights, and significant cost savings potential due to avoided patent filings, material and equipment in trial and errors, as well as reduced hiring for R&D. We continue to see increased customer interest and remain excited with the value proposition Molecular Universe is creating across the battery industry and with our OEM partners.' 'Based on collaborative input we have received from the largest global battery manufacturers and OEMs that are using and testing Molecular Universe, we have introduced Deep Space, a new agentic capability that conducts in-depth senior scientist level battery research. Deep Space is intended for intense and focused deep research, where users want more than just answers to their curiosity but to actually develop a real commercial product. We believe Deep Space will further enhance our value proposition as it will be able to accelerate customers' go-to-market strategies with new battery innovations. Due to the investment associated with running a multi-agent model required by customers, we anticipate the biggest users will be battery makers, electrolyte and cathode materials producers and automakers, with more limited access for Research, Explorer and Team users,' continued Dr. Hu. Deep Space is built off of Molecular Universe's popular Ask feature. While Ask is powered by an advanced LLM specifically trained on battery domain expertise, Deep Space is powered by an even more powerful multi-agent model. Deep Space can recommend electrolyte formulations for different cell chemistries ranked by performance, novelty, cost, or whatever the user desires. It also reduces time in trial and error and accomplishes in less than one hour what would normally take a human senior scientist months or even years. Users can select regular Ask or Deep Space. A regular Ask query typically returns an answer after 30 seconds, and a Deep Space query typically returns an answer after more than 5 minutes, sometimes as long as 20 minutes. Other new features launched in MU-0.5 include a molecule sketch pad to help users more intuitively find 'friends" (molecules with similar properties), and language support for Mandarin and Korean in addition to English. About SES AI: SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world's most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul. Learn more at SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company's website at Accordingly, investors should monitor this channel, in addition to following SES AI's press releases, Securities and Exchange Commission filings and public conference calls and webcasts. Forward-Looking Statements This press release contains statements that SES AI believes are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies or expectations for our business. These statements are based on the beliefs and assumptions of the management of SES AI. Although SES AI believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as 'anticipate', 'believe', 'can', 'continue', 'could', 'estimate', 'expect', 'forecast', 'intend', 'may', 'might', 'plan', 'possible', 'potential', 'predict', 'project', 'seek', 'should', 'strive', 'target', 'will', 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. You should not place undue reliance on these forward-looking statements. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of SES AI's assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to the following risks: the risk that the market for the Molecular Universe platform is still emerging, and may not achieve the customer interest or growth potential that SES AI expects; risks related to the development and commercialization of SES AI's battery technology and the timing and achievement of expected business milestones; risks relating to the uncertainty of achieving and maintaining profitability; risks relating to the uncertainty of meeting future capital requirements; the ability of SES to integrate its products into electric vehicles ('EVs') and Urban Air Mobility ('UAM"), drones, battery energy storage systems, robotics and other applications; the risk that delays in the pre-manufacturing development of SES AI's battery cells could adversely affect SES AI's business and prospects; the market for air mobility, and for use of Li-Metal technology in air mobility applications, is still emerging and may not achieve the growth potential we expect; risks relating to the development of the UAM market and demand for batteries from the UAM industry; potential supply chain difficulties; the ability of SES AI to engage target original equipment manufacturers ('OEMs') customers successfully and integrate SES AI's products into EVs manufactured by OEM customers; the ability to obtain raw materials, components or equipment through new or existing supply relationships; our use of artificial intelligence and machine learning may result in legal and regulatory risk; risks resulting from SES AI's joint development agreements and other strategic alliances and investments; product liability and other potential litigation, regulation and legal compliance; SES AI's ability to attract, train and retain highly skilled employees and key personnel; developments in alternative technology or other fossil fuel alternatives; risks related to SES AI's intellectual property; business, regulatory, political, operational, financial and economic risks related to SES AI's business operations outside the United States; SES AI's failure to satisfy certain NYSE listing requirements may result in its Class A common stock being delisted from the NYSE, which could eliminate or adversely affect the trading market for SES AI's Class A common stock; the volatility of SES AI's common stock and value of SES AI's public warrants; SES AI has identified material weaknesses in its internal control over financial reporting and may identify material weaknesses in the future or otherwise fail to maintain an effective system of internal controls and the other risks described in 'Part I, Item 1A. Risk Factors' in our annual report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on February 28, 2025 and other documents filed from time to time with the SEC. There may be additional risks that SES AI presently knows and/or believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SES AI's expectations, plans or forecasts of future events and views only as of the date of this press release. SES AI anticipates that subsequent events and developments will cause its assessments to change. However, while SES AI may elect to update these forward-looking statements at some point in the future, SES AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing SES AI's assessments as of any date subsequent to the date of this press release. © 2025 SES AI Corp., Confidential and Proprietary
