EOSE - Tetra Technologies: Increasing My Price Target To $8.75--Representing 70% Upside
- •TTI has a "legacy" oil/gas services business which has been recovering strongly and which will provide both downside protection on the stock price as well as upside potential.
- •TTI has 3 renewable initiatives, including a lithium production option that is being evaluated, and if that lithium is proven up in the next month or two, it is likely.
- •TTI's two other renewable initiatives involve sales of extra calcium chloride for carbon capture and sales of zinc bromide for batteries used to store solar (and other renewable) energy.
- I explain why TTI's stock price has 30% upside based on the recovery of its legacy business and why the renewable initiatives could add another 40% of upside, although the latter is more speculative.
For further details see:
Tetra Technologies: Increasing My Price Target To $8.75--Representing 70% Upside