MP - MP Materials set to bounce as Hedgeye adds to Best Idea Long list

MP Materials (NYSE:MP) +2% pre-market after Hedgeye added the stock to its Best Idea Long list, calling it "a profitable, well-run materials company in a booming market segment" whose Mountain Pass mine is one of the world's "best known and well characterized deposits." Hedgeye said the negative Bonita Research report that tanked the stock 14% on Thursday, which accused MP Materials of executing an "abusive transfer price manipulation scheme " with a Chinese partner, was "unsubstantiated, rehashed garbage" and a "potential alpha opportunity for those that understand MP and electrification." MP Materials "remains an underrated EV investment," Sandis Weil writes in a bullish analysis published on Seeking Alpha.

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MP Materials set to bounce as Hedgeye adds to Best Idea Long list