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Redeye initiates coverage of CTEK, a market leader within premium low-voltage chargers that is leveraging its strong brand within the EVSE market. Following a turbulent 2022 and 2023, the company now has a new management team and business strategy to restore profitability and growth - which is already showing results. Coupled with new product launches, geographical expansion, and solid underlying market demand, we see CTEK enjoying operating leverage in the years to come on the way to reaching its mid-term financial targets.
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