Stonegate Updates Coverage on SES AI Corp. (SES) 2Q26

(NYSE: SES) SES AI Corp.'s 2Q26 update improves the commercialization setup despite lower sequential revenue, as the quarter provided clearer evidence that the company's broader commercial strategy is beginning to take hold. All four product lines contributed, and Sol-Ark certification expands UZ Energy's U.S. ESS opportunity. SES is scaling NDAA-compliant capacity to 1M cells annually, while approximately five large prospects alone represent approximately 1.5M potential annual cells versus only approximately 700K-800K of deliverable capacity. SES reaffirmed $30M-$35M of revenue and approximately 15% gross margin for FY26, implying $18.2M-$23.2M in 2H26, supported by ESS growth and increasing drone/materials contributions.

Lost Money on SES AI Corporation (SES)? Join Class Action Suit Seeking Recovery - Contact SueWallSt

(NYSE: SES) SES AI Corporation is the subject of a pending securities class action seeking to recover damages for investors who purchased SES securities between January 29, 2025 and March 4, 2026. SES shares lost $0.63 per share on March 5, 2026, a single-day decline of 36.8%, closing at $1.08 after the company disclosed logistics failures and issued 2026 revenue guidance of $30 million to $35 million, which is roughly 35% to 42% below the $51.67 million Wall Street had expected. Approximately $1.5 million in Q4 2025 revenue had been pushed into 2026 due to logistics constraints that management had not previously disclosed. Remaining performance obligations had dropped 92% in Q3 2025, a metric not emphasized by management at the time. The Company's Chief Science Officer sold 500,000 shares for over $1 million in proceeds across two sales in the months preceding the corrective disclosure. Full year 2025 revenue of $21 million landed at the low end of guidance only after logistics delays pushed $1.5 million into 2026. The lead plaintiff deadline is June 26, 2026.