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Off-topic... I was looking up NRGV, the fraudulent energy storage company (the one with concrete blocks and cranes) which hit $2.4B last year and then fell to
by moloch-hai 4y ago
Off-topic...
I was looking up NRGV, the fraudulent energy storage company (the one with concrete blocks and cranes) which hit $2.4B last year and then fell to a sixth that, before drifting up a bit.
According to analysts, if I read the summary right, it should be considered worth $1B, short-term, and $0, long term. Last I checked it had $90M in cash, down from $100M a few weeks ago.
Now, with $90M they could buy an actually viable energy storage technology to (most likely) run into the ground.
What are these analysts thinking, recommending BUY of a fraudulent company with no better prospects than your average fusion start-up or Hyperloop, and already trading at several times its objective value? Is it a judgment about where ignorant investors will take a no-future company that has been well-hyped, a la Tesla? And, could they be right?
- TylerE 4y agoThe actual rating doesn’t really matter, it’s the changes that do. Strong from a previous “strong buy” is very different than a strong from a previous of “hold” or even “sell”.
- deleted 4y ago[deleted]