Sep. 6 at 7:42 PM
$SKYX $SKYX Read the Lake Street Capital research report updated after the 2Q report. (BUY Rated with a
$4 target price). But that target price does not factor in the electrical infrastructure opportunity.
SKYX's technology isn't just another smart light switch. SKYX is getting close to making the ceiling electrical connection itself standardized, safer and plug-and-play, enabling lighting, fans and other devices to be installed without expensive electricians having to manipulate exposed electrical wiring. Or homeowners trying to DIY and falling off ladders and/or improperly installing and having electrical fires (the insurance industry is interested) If that standard gains adoption or outright mandated, SKYX could potentially participate in every fixture installed in a building, rather than simply selling individual smart-home devices.
IMO, there is no way that this would be ignored by the market or other technology companies like
$GOOG,
$NVDA (already partnered with SKYX).
