RE:Is RNW over valued?On the plus side a number of analysts have current higher targets for RNW (ie. Raymond James $14.50, National Bank $13.50, TD $15.50). And I think that if the general market continues to move higher RNW will do so as well.
But a lot of stocks are starting to look very frothy to me and I'm looking to lighten up on a number of positions to lock in profits and this is one. I would like to increase my cash position with the hopes of adding some good companies at lower values later in the summer.