Speculative Strong BuyIMHO..PLI is technically a strong buy...here or anywhere near $1.50'ish
One might ponder why....technically...continuous ascending triagle with a breakout...higher low... and 'cup & handle' followed by downdraft neckline...
Fundementaly...PLi only gernerates $20 M year on resin production and upto another $10 M on service and sales...the P/E ratio is 5 time higher than what might be considered normally at the high end. The existing value is mainly speculative based on the outcome of a long phase testing.
Now...it is a buy because investers may realize there are several $B investors, clients, and partners that want to live capture the de-risked success on meeting milestones and ultimately economic return on one investment.
Other fundementals may include prior testing studies that indicate the technology stands pat on effectiveness and safety...highly marginal earnings...closely unmet necessities that seem feasibly reasonable in final expectations.
Also, partners are commited to the long term success...
Further. Now, that PLI has been inducted into the S&P Small Cap...mutual funds and ETF's will be allowed to include PLI on their investment portfolio. Thats is just one of several more house that may now start to initiate coverage.
Last, but not least, one good contract that proves resin and service will outshine the nastiest of solar max sun flares, and solidify multiple digit annual sales will finally put an end to the term speculation.