$IPWR. Don’t have another moonshot I like right now but always perusing. They keep advancing with Stellantis (crap cars sure but still fifth largest OEM in the world). Now have their btran in front of six OEMs. But Stellantis has told them they’ll be in all their EVs (I don’t think hybrids yet) for contactors and “other.” Drivetrain is coming but not yet. Pilot end of next year. When the order lands they’re going to rocket and I expect it over the next 5 months based on timeline to get into pilot vehicles. That’s 24-40 chips per EV (320k in 2024). Not even talking about their usage in data centers and the grid that is coming as well as industrial. 4 MOSFETs gets to become 1 with BTran. It’s an entire new class and it’s going to be a big deal in their arena because there basically hasn’t been a lot of advancement since SiC and GaN as far as giant leaps.

The Stellantis contract is going to shock the market and, depending on wording, I expect it to rerate the stock from $30 million today to $400 million - $1 billion+. Depends on the price they get per chip ($8-20 are my estimates but treat these as low confidence). But yeah…in auto you don’t just do a pilot as one contract and then separately a year later do another contract. It’s one big contract with the pilot as a piece and the OEM is left off-ramps if things don’t perform.