re: ADEA - Adeia Inc. Intellectual Property Company

I got in at $30 at opening for kicks.

I'm in

What was his new pick today?

TACTICAL TRADE: OPEN $ARRY $9C Aug 21 $1.54 avg. @ 1.5% weighting

I really like the setup on solar right now. It has been politically suppressed, but evidence across the power capacity buildout, including the image I shared (here: LINK a few days ago regarding Texas ERCOT capacity adds, which were basically half storage and half solar.

Array Technologies sells the equipment that makes large solar farms more productive. Instead of installing solar panels on fixed metal racks, a utility-scale solar project can install panels on ARRY’s solar trackers, which rotate panels during the day so they follow the sun. That increases energy production and can lower the cost per unit of electricity. 81% of their revenue comes from the U.S.

The company has debt, which is manageable, but they are currently sitting on a $2.4 billion orderbook with a $2.4 billion EV (which includes debt, obv). Trades at a P/E of 7 and a forward P/E of 6 at 1x sales.

Perhaps the most interesting component? The stock's **short interest is 20%**

I think the daily AND weekly charts are at a high risk-reward entry point with all the moving averages stacked tightly below price. The entire sector is setting up. All the solar charts look nice (including our initial position in $SHLS).

The vast majority of ideas I share are medium-term to long-term. This is a shorter-term tactical trade into the summer, based mostly on A) the technical setup, B) the short-interest, and C) the thematic relevance. <@&933985135391547462>

Dry powder incoming, won’t be long until I join in