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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:為什麼一位分析師認為Greenidge Generation將達到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.

美國各地的氣温可能終於降温了,但一些行業正在升温。今天,看起來加密貨幣挖掘就是其中之一。Support.com在做出與數字挖掘創新者合併的戰略選擇時就知道這一點格林尼治世代(納斯達克股票代碼:Gree),該公司股東以壓倒性多數投票贊成這一舉措。儘管最近出現了一些下跌,但一位分析師看到了GREE股票的巨大潛力。

Source: Shutterstock
消息來源:Shutterstock

What Happened With GREE Stock?

格雷·斯托克怎麼了?

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今天表現良好,截至撰寫本文時上漲了21%。這對投資者來説是一個可喜的變化,因為股價在過去五天裏一直在下跌。

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合併前的幾天裏,該公司開始獲得媒體的大量關注,導致它被標記為表情包股票。然而,在過去的一個月裏,自合併敲定以來,GREE股票的表現基本上都是虧損的。

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.

今天早上傳來了一些消息,B.Riley證券公司的分析師兼常務董事盧卡斯·派普斯(Lucas Pipes)啟動了對GREE股票的“買入”評級,同時設定了78美元的目標價。

What It Means

這意味着什麼?

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%.

由於格雷厄姆股票目前的個人股價最近主要在29美元至30美元之間徘徊,盧卡斯認為上漲幅度很大,特別是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."

他將Greenidge描述為“一家領先的數字資產礦商,其垂直整合的紐約業務正在迅速擴張,並通過其位於南卡羅來納州斯帕坦堡的工廠擁有進一步的中長期增長跑道。”

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預見這種類型的增長。他預測,格林尼治將在2021年期間部署5386名礦工,2022年還將增加18300名礦工。他認為,這些增長舉措可以通過自由現金流和手頭現金以及借款來籌集資金。

Why It Matters

為什麼這很重要

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.

這種類型的價格目標可能看起來雄心勃勃,但Pipes指出該公司巨大的增長潛力是正確的。加密貨幣開採市場炙手可熱,格林尼奇似乎做好了參與的準備。

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.

該公司還以其環境友好的策略而聞名,隨着清潔能源熱潮的繼續,這將對它起到很好的作用。如果Greenidge增加其預測的新業務所需礦工的一半,這意味着GREE股票將獲得顯著和可持續的收益。如果它增加的數量與預期一樣多,甚至更多,那麼該股肯定會達到Pipes的目標價。

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.

在本文發表之日,塞繆爾·奧布賴特(Samuel O‘Brient)沒有(直接或間接)持有本文提到的證券的任何頭寸。本文中表達的觀點是作者的觀點,受InvestorPlace.com發佈指南的約束。

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

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