EVA Stock Recent News
EVA LATEST HEADLINES
Four insiders of the world's largest wood pellet producer, Enviva (US:EVA) on Thursday after the market reported to the SEC that they had purchased EVA shares on Wednesday during the day as the stock fell significantly from a short seller attack from Blue Orca Capital.
A short seller's new reports drove the shares down at a double-digit clip.
Source: Proxima Studio / Shutterstock.com Enviva (NYSE: EVA ) stock closed down 13% today after Blue Orca Capital issued a detailed short report against the company. According to the activist investment firm, the alternative energy company is “flagrantly greenwashing its wood procurement.
Despite a surprise corporate restructuring late in 2021, the numbers are still not stacking up for the dividends of Enviva. The second quarter saw some green shoots when digging into their cash flow performance, although nowhere near sufficient to fund their oversized dividend payments.
The 4% rule is outdated and inflexible. To sleep well at night, your retirement must be immune to market conditions.
Based on recent insider buying activity, a list of the most bullish candidates should include these three names.
Even after completing their corporate restructuring during late 2021, it disappointingly seems that the dividends of Enviva are still unsustainable and thus very risky. They saw a cash burn just to operate their company during the first quarter of 2022, even after removing the impacts of their temporary working capital movements.
Enviva Inc. (NYSE:EVA ) Q1 2022 Earnings Conference Call May 5, 2022 9:00 AM ET Company Participants Kate Walsh – Vice President of Investor Relations John Keppler – Chairman and Chief Executive Officer Shai Even – Executive Vice President and Chief Financial Officer Conference Call Participants Jordan Levy – Truist John Mackay – Goldman Sachs Elvira Scotto – RBC Capital Markets Ryan Levine – Citi Pavel Molchanov – Raymond James Kevin Pollard – Pickering Energy Partners Operator Good morning and welcome to Enviva Incorporated First Quarter of 2022 Earnings Conference Call. All participants will be in listen-only mode.