RELL - Richardson Electronics: A Misunderstood Opportunity With Serious Growth Power
2023-04-09 09:00:00 ET
Summary
- Richardson Electronics has concrete and in-demand solutions capable of doubling its revenue and maintaining high-profit margins in the next five years.
- Q3 2023 indicated impressive YoY growth numbers, especially for its booming Green Energy Solution Business (GES), which saw 103% growth in sales to $11.5 million in Q3 2023.
- However, RELL stock has tumbled by 18.55% over the last five days due to flat quarter-on-quarter numbers for the total business backlog, GES sales, and a slowdown of the semiconductor business.
- Cautious of the near-term impact of the Chips Act sanctions on its largest revenue-generating customer, LAM Research.
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Richardson Electronics: A Misunderstood Opportunity With Serious Growth Power