SES AI (SES): Revenue Up 929% in a Year and Cantor Still Sees More Room to Run

SES AI Corporation (NYSE:SES) is one of the best EV battery stocks to buy in 2026. On April 24, Cantor Fitzgerald analyst Derek Soderberg reiterated his Overweight rating and $4 price target on SES AI Corporation (NYSE:SES). The call came after SES shared its Q1 FY2026 earnings results.

In the results, SES said quarterly revenue reached $6.7 million, a 47% jump from the previous quarter, and that this growth came on the back of robust performance by the Energy Storage Systems (ESS) segment. The company reported a non-GAAP loss of $0.03 per share during the quarter, which was in line with analyst forecasts. Over the past twelve months, SES’s total revenue surged 929% to reach $21 million.

Beside the remarkable quarter, Soderberg also noted that his optimism about the company arises from its new multi-year distribution agreement with ATG EPower. ATG EPower is a private global battery manufacturer, and the agreement covers North American distribution of its energy storage products, which is valued at about $20 million over three years.

On the technology side, the analyst noted that SES’s Molecular Universe (MU) unit, which uses artificial intelligence to discover new battery materials, continued to gain traction. About half a dozen of the company’s customers now progress into the second phase of testing for MU-discovered materials, noted Soderberg. He added that this signals growing commercial interest beyond the core ESS business.

SES AI Corporation (NYSE:SES) is a battery technology company that develops lithium-metal batteries for use in electric vehicles. It focuses on next-generation battery chemistries designed to improve energy density, performance, and efficiency compared to conventional lithium-ion batteries.

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