[moloch-hai]

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]

The 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”.