S.E.S. AI (SES)
Builds energy-storage systems, drone batteries, and advanced battery materials with AI-enabled development.
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Generates product revenue from residential and commercial energy-storage systems, drone cells, and battery materials, alongside customer-specified materials-development services. Its revenue-generating units are energy storage systems, drones, and advanced materials, while financial reporting remains consolidated in one segment.
Product lines span residential and commercial energy-storage systems, Li-ion and Li-Metal drone cells, and battery materials, with services covering customer-specified materials discovery, design, and development. Management groups the commercial business around energy storage systems, drones, and advanced materials.
Molecular Universe is the AI-enabled platform supporting materials discovery, alongside AI-supported engineering, manufacturing, and battery health and safety monitoring. Research and development facilities operate in Woburn, Shanghai, and Chungju.
Commercialization depends on manufacturing products at the required quality and scale and on adoption across energy storage, drones, electric vehicles, urban air mobility, robotics, and Molecular Universe markets. Current financial reporting is managed as one reportable segment.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Deutsche Bank | Target | Target: $1.40 | Target: $1.10 |
| Apr 27, 2026 | Deutsche Bank | Target | Target: $1.50 | Target: $1.40 |
| Nov 6, 2025 | Cantor Fitzgerald | Reiterate | Rating: —Target: — | Target: $4 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $163.0M · Total debt $6.7M · Total assets $236.2M · Shareholders' equity $187.1M
- Revenue
- $5.1M
- Operating income
- −$19.2M
- Net income
- −$17.9M
No dividends on record.
| Institutions | 24.91% | 92.51M shares | |
|---|---|---|---|
| 141 holders · as of Jun 30, 2026 | |||
| Insiders | 15.34% | 56.94M shares | |
| 12 holders · as of Sep 3, 2026 | |||
| Strategic holders | 18.61% | 69.09M shares | |
| 3 holders · as of Jan 21, 2026 | |||
| Other | 41.14% | 152.75M shares | |
| remainder | |||
371.29M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (371.29M in the company's Sep 22, 2026 report, 325.40M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Qichao Hu1Insiderdirector, 10 percent owner, officer: CEO & CHAIRMAN | 13.16% | 43.98M A | filed May 20, 2026 |
Vertex Legacy Continuation Fund Pte Ltd.2Strategic10 percent owner | 8.69% | 32.26M | filed Feb 10, 2022 |
Tianqi Lithium HK Co., Ltd.3Strategic10 percent owner | 6.71% | 24.92M A | filed Jan 21, 2026 |
BlackRock, Inc.Institution | 5.10% | 18.95M A | as of Jun 30, 2026 |
Ivanhoe Capital Sponsor LLC4Strategic10 percent owner | 3.21% | 11.91M A | filed Feb 11, 2022 |
- Qichao Hu's transaction reports restate only vehicles that traded; the 2022 ownership statement (43.98M) plus the 4.89M net shares acquired since is used instead.
- The filed share classes (COMMON) could not be matched to the company's, so no percentage.
- Tianqi Lithium HK Co., Ltd.'s own ownership statement (13G, Jan 21, 2026) reports fewer shares than the transaction reports; the statement is used.
- Ivanhoe Capital Sponsor LLC's transaction reports restate only vehicles that traded; the 2022 ownership statement (11.91M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Kyle Pilkington | officer: CHIEF LEGAL OFFICER | −25,000 | $1.20 |
| Mar 9, 2026 | Kyle Pilkington | officer: CHIEF LEGAL OFFICER | −25,000 | $1.20 |
| Jan 23, 2026 | Hong Gan | officer: CHIEF SCIENCE OFFICER | −100,000 | $2.50 |
| Jan 22, 2026 | Hong Gan | officer: CHIEF SCIENCE OFFICER | −150,000 | $2.50 |
| Dec 15, 2025 | Hong Gan | officer: CHIEF SCIENCE OFFICER | −100,000 | $1.98 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| S.E.S. AI | $0.5583 | −2.05% | $207.7M | — | — | 8.9 | +44.6% |
| QuantumScape | $5.09 | −0.29% | $3.14B | — | — | — | — |
| Solid Power | $2.49 | +0.40% | $558.0M | — | — | 54.5 | −115.7% |
| Amprius Technologies | $9.78 | +1.77% | $1.36B | — | — | 12.5 | +125.9% |
| Enovix | $3.00 | +0.67% | $650.1M | — | — | 18.1 | +20.5% |
| Fluence Energy | $7.23 | −2.17% | $1.36B | — | — | 0.5 | +7.9% |
| Median | — | — | 15.3 | +14.2% |