RE:Opinion Newtrader1982 wrote:
Yes today looks really bad seems like we have no support and are in freefall endlessly but let's also take an overview of the entire market and not blame the company for every drop it's an ugly day in the market and with Biden pulling out troops from Afghanistan essentially handing the keys to the Taliban has destabilized the market a bit.
Ya, we are getting thumped for the missteps (and desirably so) but as we know the green energy space as a whole has been in a funk since March. Have a look at the clean energy ETFs, in particular BMOs Clean Energy ETF (ZCLN) which reflects the S&P Global Clean Energy Index.
ZCLN was a new product released in Jan this year at around $31. It tanked shortly after and has been trading sideways at $21 to $22 since March, even with big name, low volatility names like Brookfield, Algonquin, Northland and First Solar, included in the mix. Investors taking the safe route (ETFs) to invest in green energy, are also underwater.
This ETF is worth keeping an eye on. Any change in investor sentiment towards green energy should be reflected in the price. Shortly after, bargain hunters will start jumping into XBC
Personally I have revisited my investment thesis over the last week and I am staying put. Compared to a year ago, the management team is much stronger,as is the board of directors. Xebec now has a far more robust product mix. The addressible market is well defined and supports a strong growth profile. The renewable market in in its infancy.
imho