Added to YB: 2021-07-23
Pitch date: 2021-07-23
APPH [bearish]
AppHarvest, Inc.
+99.99%
current return
Author Info
No bio for this author
Company Info
AppHarvest, Inc., an applied agricultural technology company, develops and operates indoor farms with robotics and artificial intelligence to build climate-resilient food system.
Market Cap
$155.1K
Pitch Price
$12.17
Price Target
10.00 (+999900%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.00
EV/Sales
N/A
Sector
Food Products
Category
N/A
AppHarvest: Garden of Eden, Just Not Yet
APPH (short): AppHarvest is a capital-intensive indoor farm priced too richly for a business whose growth requires building more facilities. Tomatoes sold wholesale for about $0.68/lb versus $0.48 for traditional farms, raising demand risk, while construction delays, contamination, outages and electricity costs threaten projections. A farm-comps valuation yields $9.06, 32% below the $13.30 share price, though retail enthusiasm may limit downside nearer $10.
Read full article (7 min)