EVA - stevehemingway/trading GitHub Wiki
Short seller Blue Orca Capital took a shot at Enviva (EVA), a $3.5b market-cap, utility-grade wood pellet producer, claiming that the company is a dangeriously levered serial capital raiser having trouble to support its dividend payment and is greenwashing its wood procurement practices. Bottomline, an “ESG” company that is greenwashing...shocker...
On the date of the report, multiple investigations into the company were announced. Naturally, EVA denied the short-seller’s accusation. Worth noting Jeff Ubben bought $10m EVA shares, supporting the company. Worth remembering how that worked out at NKLA...
H/T Kuppy (kedm.com).
The full report is here.