This Is Not Investment Advice
‘Melt Up’ Power, Energy, AI, Bitcoin . . . . Gonna Need A Whole Bunch of Electricity and Power Storage . . . . Top Industry Groups Have Answers
This report will discuss a couple stocks from the two Industry Groups highlighted here:
EOSE
EOSE Weekly
Thoughts and observations:
EOSE reported explosive numbers this past week with demand far exceeding their ability to meet it and a growing backlog . . . . . so “is this it” meaning a breakaway and breakout for EOSE but also grid power and electricity storage?
AMPX is another ‘Melt Up’ play that also just reported blowout numbers in my view . . . . . . AMPX along with LEU are part of the Industry Group Energy - Alternative/Other . . . . . so is there anything else in that group that may connect to grid storage and other areas potentially heading into explosive growth?
EOSE for me holding . . . . appears plausible this is just the beginning for EOSE and things are just starting to get cranked up . . . . 75% of stocks follow the overall market trend so I will sell if I need to . . . . . I’d look at adding over time when opportunities present all else equal
A potential new play reports earnings on November 10th and it comes from the Energy - Alternative/Other top performing group. We will be monitoring this one and might come out with more data and content on it as we move forward. Let’s see what happens this week.
PLUG
Hydrogen and fuel cell services used in storage for the grid and many other applications.
First, some perspective with the below Monthly Chart. Looks like little PLUG got very excited with “Joe Biden” (or whatever that was) and JOHN PODESTA taking the helm on the spend in the Inflation Reduction Act:
Sizzle and fizzle for some reason or another it appears Mr. Podesta did not get any of that money over to PLUG. Nonetheless - what jumps out at me is during this iteration, the Volume overall is much higher. That intrigues me.
I’m monitoring PLUG. No position as of this time. Let’s see what happens with the numbers and otherwise this week.
