Montauk could be ready for reinflating
The renewable energy company rebounded in the first quarter and management reaffirmed their positive earnings guidance for 2024, but this stock isn’t one for orphans and widows
30 May 2024 - 08:00
US- and JSE-listed alternative energy company Montauk Renewables is a stock IM recommended back in May 2023 at R125 with the headline “A company whose time has come”.
In the subsequent months the stock had a stellar run, rising 58% to a peak of close to R200 before the wheels fell off. Year to date Montauk is down 55.8%, and 36.5% on a 12-month perspective. Is there an opportunity with Montauk again?..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.