In a report released on July 31, Jordan Levy from Truist Financial maintained a Sell rating on Enviva (EVA – Research Report). The company’s shares closed yesterday at $12.90.
Levy covers the Energy sector, focusing on stocks such as Enphase Energy, Green Plains, and Plug Power. According to TipRanks, Levy has an average return of -7.2% and a 42.86% success rate on recommended stocks.
Enviva has an analyst consensus of Moderate Sell, with a price target consensus of $15.00.
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Based on Enviva’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $260.25 million and a GAAP net loss of $116.9 million. In comparison, last year the company earned a revenue of $232.98 million and had a GAAP net loss of $45.31 million
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EVA in relation to earlier this year. Most recently, in June 2023, John Keppler, the EC of EVA bought 13,259.00 shares for a total of $499,996.89.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Enviva Partners LP engages in the production, process, and distribution of wood biomass to power generators. It offers wood pellets and wood chips which are used in coal-fired power generation and power plants. The company was founded on November 12, 2013 and is headquartered in Bethesda, MD.
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