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GREE Stock: Why One Analyst Thinks Greenidge Generation Is Headed $78

GREE Stock: Why One Analyst Thinks Greenidge Generation Is Headed $78

格力股票:为什么一位分析师认为Greenidge Generation将达到78美元
InvestorPlace ·  2021/09/29 12:18

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Temperatures across the U.S. may be finally cooling down, but some industries are heating up. Today it looks like cryptocurrency mining is one of them. Support.com knew it when it made the strategic choice to merge with digital mining innovator Greenidge Generation (NASDAQ:GREE), a move for which its shareholders voted overwhelmingly in favor of. Despite some recent declines, one analyst sees significant potential for GREE stock.

美国各地的气温可能终于降温了,但一些行业正在升温。今天,看起来加密货币挖掘就是其中之一。Support.com在做出与数字挖掘创新者合并的战略选择时就知道这一点格林尼治世代(纳斯达克股票代码:Gree),该公司股东以压倒性多数投票赞成这一举措。尽管最近出现了一些下跌,但一位分析师看到了GREE股票的巨大潜力。

Source: Shutterstock
消息来源:Shutterstock

What Happened With GREE Stock?

格雷·斯托克怎么了?

Fittingly, Greenidge is in the green today, up 21% as of this writing. This is a welcome change for investors, as shares had been down over the past five days

恰如其分的是,Greenidge今天表现良好,截至撰写本文时上涨了21%。这对投资者来说是一个可喜的变化,因为股价在过去五天里一直在下跌。

The company began to garner significant media attention in the days leading up to the Support.com merger, leading it to be flagged as a meme stock.  For the past month though, since the merger's finalization, GREE stock's performance has been largely in the red.

在Support.com合并前的几天里,该公司开始获得媒体的大量关注,导致它被标记为表情包股票。然而,在过去的一个月里,自合并敲定以来,GREE股票的表现基本上都是亏损的。

This morning brought some news that Lucas Pipes, an analyst and managing director at B. Riley Securities, initiated a "buy" rating for GREE stock along with a $78 dollar price target.

今天早上传来了一些消息,B.Riley证券公司的分析师兼常务董事卢卡斯·派普斯(Lucas Pipes)启动了对GREE股票的“买入”评级,同时设定了78美元的目标价。

What It Means

这意味着什么?

As GREE stock's current individual share price has recently hovered primarily between $29 and $30, the type of upside that Lucas sees is significant, specifically 156.68%.

由于格雷厄姆股票目前的个人股价最近主要在29美元至30美元之间徘徊,卢卡斯认为上涨幅度很大,特别是156.68%。

He describes Greenidge as a "leading digital asset miner that is scaling rapidly at its vertically integrated New York operations and has a further medium- and long-term growth runway via its Spartanburg, South Carolina, facility."

他将Greenidge描述为“一家领先的数字资产矿商,其垂直整合的纽约业务正在迅速扩张,并通过其位于南卡罗来纳州斯帕坦堡的工厂拥有进一步的中长期增长跑道。”

Pipes has plenty of reasons to foresee this type of growth. He predicts that Greenidge will be deploying 5,386 miners over the course of 2021 with an additional 18,300 miners being added in 2022. These growth initiatives can be funded, he thinks, through free cashflow and cash on hand as well as borrowings.

管道公司有充分的理由预见这种类型的增长。他预测,格林尼治将在2021年期间部署5386名矿工,2022年还将增加18300名矿工。他认为,这些增长举措可以通过自由现金流和手头现金以及借款来筹集资金。

Why It Matters

为什么这很重要

This type of price target may seem ambitious, but Pipes is right to note the company's significant growth potential. The market for cryptocurrency mining is hot and Greenidge appear well-equipped to participate.

这种类型的价格目标可能看起来雄心勃勃,但Pipes指出该公司巨大的增长潜力是正确的。加密货币开采市场炙手可热,格林尼奇似乎做好了参与的准备。

The company is also noted for its environmentally friendly tactics, which will serve it well as the clean energy boom continues. If Greenidge adds even half the miners it predicts will be required for its new operations, it mean significant and sustainable gains for GREE stock. If it adds as many as is predicted or even more, the stock could certainly hit Pipes' price target.

该公司还以其环境友好的策略而闻名,随着清洁能源热潮的继续,这将对它起到很好的作用。如果Greenidge增加其预测的新业务所需矿工的一半,这意味着GREE股票将获得显著和可持续的收益。如果它增加的数量与预期一样多,甚至更多,那么该股肯定会达到Pipes的目标价。

On the date of publication, Samuel O'Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

在本文发表之日,塞缪尔·奥布赖特(Samuel O‘Brient)没有(直接或间接)持有本文提到的证券的任何头寸。本文中表达的观点是作者的观点,受InvestorPlace.com发布指南的约束。

The post GREE Stock: Why One Analyst Thinks Greenidge Generation Is Headed $78 appeared first on InvestorPlace.

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