- 2021 has been a great year for stocks so far with many companies rising triple digits due to a surge in speculation and short squeezes.
- Green energy companies have attracted significant hype due to the belief that the Biden administration will invest in the sector.
- While green energy is likely to see strong growth, companies such as Polar Power have risen too far too fast.
- Polar Power has not seen strong growth since it went public, has been stuck with negative cash flow, and had very little cash left as of last quarter.
- With Google's search interest for Polar Power declining with its stock price, the rally is likely over, and the stock may be headed back below $10 per share.
For further details see:
Polar Power: This Meteoric Rally Is Not Fueled By Fundamentals