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Enviva Stock Is Spiraling. There Are a Few Reasons For That.

Por: MarketWatch Business May 04, 2023

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shares (ticker: EVA) tanked 64% to $7.77 in Thursday trading, as both investors and Wall Street appeared concerned about the company’s update.  Truist Securities analyst Jordan Levy slashed his rating on the stock to Sell all the way from Buy in a Thursday report, and cut his price target to $10 from $40. Although the renewable energy sector has long-term potential, recent developments at Enviva “call into question longer-term ability to... + full article



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