I explained too often that the elliptical rise came after a multi-year base had formed. The signals were there and it broke out at the time of the Biden election. Nothing indicating a repeat is signalled now. The difference is enormous . There is no base. The fundamentals have worsened, There's resistance levels everywhere formed as it dropped which didn't exist when the up move came. Without supporting evidence that " history will repeat itself" its all wishful thinking. That tune has played itself out for 2 years. Bulls have no case or no basis for being so optomistic. So they create it.
$5B is a fair short term target. Of course people have a different definition of short term. Being a long term investor 6-12 months is my short term, and immediate future is less than 6 months. With execution and any momentum, we could surpass that in the immediate future. Lots happening in the next 3-6 months. Lots!! Toyota "Best Product" any day by EOM! ExxonMobil JDA follow on by early September Derby 14.8MW project COD (+$15M Rec Rev) Derby 2.8MW (+$3M Recurring revenue) AND at least 1 other big event/Development! Hydrogen hub decision by EOY!
You're hearing " Lots are going to happen in thenext 3-6 months". The missing words are " supposed to ". All is assumption. Little is certain. How many times have investors heard the same assumptions? How many times did they happen ? Don't let an over confident Bull Source be the guide. Credibility is important.
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