Lilium’s Strategic Expansion and Government Support Bolster Buy Rating

Austin Moeller, an analyst from Canaccord Genuity, maintained the Buy rating on Lilium (LILM – Research Report). The associated price target remains the same with $3.00.

Austin Moeller has given his Buy rating due to a combination of factors surrounding Lilium’s strategic expansion and anticipated government financial support. The expansion of Lilium Jet production to France, as announced by President Macron, not only signifies the creation of new jobs and a boost in French exports but also reflects the confidence of the French aerospace industry in Lilium’s technology. The company’s use of French aerospace component suppliers and ongoing dialogues with the German government for additional investment further solidify Lilium’s footing in the European aerospace sector.
Moreover, Moeller’s confidence is bolstered by the expectation of significant financing from French government-backed sources, which could cover a large portion of Lilium’s investment plans. Drawing parallels from a funding pattern seen with battery manufacturer Verkor, Moeller anticipates favorable financing terms for Lilium, which would likely support the company’s operations through critical milestones into 2025. These developments, combined with the potential for additional local government grants or debt financing, underpin Moeller’s Buy rating and $3 price target for LILM.

Moeller covers the Industrials sector, focusing on stocks such as Intuitive Machines, Lilium, and Spire Global. According to TipRanks, Moeller has an average return of -2.0% and a 39.42% success rate on recommended stocks.

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Lilium (LILM) Company Description:

Qell Acquisition Corp is a blank check company.