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Message: Re: Correction.

Cal
Feb 23, 2021 02:50PM

Feb 24, 2021 04:19AM

Feb 24, 2021 05:33PM
1
Feb 24, 2021 07:22PM

Feb 24, 2021 07:36PM

Here is an article where she speciically names LAC : 

"(Bloomberg) -- Investors bullish on the green transition have sent clean-energy stocks to unprecedented levels. But behind the skyrocketing valuations of electric-vehicle and battery makers is a sobering reality: companies hemorrhaging money.

The Wildherhill Clean Energy Index, which tracks the clean-energy sector, has seen its value surge more than 300% to $1.3 trillion during the past year. Its 56 member companies posted combined net losses of $6.4 million in the 12 months ending in September 2020, according to data compiled by Bloomberg.

Even the 10 companies with the least revenue have a combined market value of around $22 billion. Four of them -- Lordstown Motors Corp., Lithium Americas Corp., Fisker Inc. and Ayro Inc. -- posted no revenue at all in recent years.

 

Of course, revenue isn’t the only gauge of a company’s viability, and optimists would say these valuations are a reflection not of a company’s current fundamentals but of how much it stands to gain as President Joe Biden embarks on an precedented climate push. Yet the trend recalls another era of breakneck technological advancement: the dot-com bubble, when scores of super-valued companies with little or not profit went bankrupt, leaving everyday investors holding the bag..... ..... ....."

 

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Feb 25, 2021 09:41AM
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