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home / articles / EVA - Barrack Rodos & Bacine Encourages Enviva Inc. (EVA) Shareholders to Contact the Firm | Benzinga

EVA - Barrack Rodos & Bacine Encourages Enviva Inc. (EVA) Shareholders to Contact the Firm | Benzinga

Enviva Partners LP representing limited partner interests

  • PHILADELPHIA, Sept. 21, 2023 (GLOBE NEWSWIRE) -- On May 3, 2023, Enviva Inc. ("Enviva") (NYSE:EVA), a producer of wood pellets, issued a press release in which it lowered its 2023 projected EBITDA from a range of $305-$335 million to $200-$250 million, increased its projected net loss from a range of $18-$48 million to $136-$186 million, and eliminated its quarterly dividend. These revelations occurred only one month after an Investor Day presentation during which the company had reiterated its 2023 guidance and highlighted its "stable and secure dividend."  On this news, Enviva's stock price fell $14.34 per share, or 67%, to close at $7.01 per share on May 4, 2023. 

    A securities class action to recover investor losses has been filed on behalf of purchasers of ...

    EVA) Shareholders to Contact the Firm>Full story available on Benzinga.com

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    Stock Information
    Company Name: Enviva Partners LP representing limited partner interests
    Stock Symbol: EVA
    Market: NYSE
    Website: envivabiomass.com
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