2/6/25 - $run - donut. stay away.2/6/25 :: VROCKSTAR :: NASDAQ:RUN
donut. stay away.
- this thing will be volatile given 90% of the cap structure is debt
- but it doesn't generate any +ve fcf for the next years
- any uplift in solar will benefit NASDAQ:FSLR and $enph... everything else is trash.
- solar is VERY VERY hard to own at the moment, even our favorite name NASDAQ:NXT is not the most obvious up and to the right chart (it should be, but remember we are in an industry tide still - perceived - go out)
- therefore, to maintain my NASDAQ:NXT exposure which is my largest position even tho i am packing a lot of cash on the books, generally, WAY more than usual... i need hedges or i need to risk manage NASDAQ:NXT
- NASDAQ:RUN 's chart is literally death.
- i wouldn't be surprised in a solar or mkt risk off to see this -50% and honestly, this company is for all intents and purposes a BK candidate.
- it's a donut. a bagel. a zero.
- so if you own it... you might want to re-think "why" and honestly i'm all ears considering i'm buying that short to zero, if you're inclined. otherwise we'll compare PnL on this thing at YE.
V
PS - the only ownable solar name in this tape IMVHO is $nxt. a far away next is NASDAQ:FSLR and then third is $enph. i'm staying far away from the rest. if i *had* to pick a 4 it would be NASDAQ:SHLS and if i had to pick a 5th... there is none, just buy BTC :)
2/6/25 :: VROCKSTAR :: NASDAQ:RUN
donut. stay away.
- this thing will be volatile given 90% of the cap structure is debt
- but it doesn't generate any +ve fcf for the next years
- any uplift in solar will benefit NASDAQ:FSLR and $enph... everything else is trash.
- solar is VERY VERY hard to own at the moment, even our favorite name NASDAQ:NXT is not the most obvious up and to the right chart (it should be, but remember we are in an industry tide still - perceived - go out)
- therefore, to maintain my NASDAQ:NXT exposure which is my largest position even tho i am packing a lot of cash on the books, generally, WAY more than usual... i need hedges or i need to risk manage NASDAQ:NXT
- NASDAQ:RUN 's chart is literally death.
- i wouldn't be surprised in a solar or mkt risk off to see this -50% and honestly, this company is for all intents and purposes a BK candidate.
- it's a donut. a bagel. a zero.
- so if you own it... you might want to re-think "why" and honestly i'm all ears considering i'm buying that short to zero, if you're inclined. otherwise we'll compare PnL on this thing at YE.
V