Sprucepoint Capital

Essential Utilities Inc (NYSE: WTRG) shares are trading higher by 1.40% to $42.07 Wednesday afternoon. The stock is trading higher during Wednesday's session and off the session low of $40.64 following a short sell investment opinion from Spruce Point Capital Management. Among several points in...

The overarching stock story of 2023 — while still early into the year — has been focused on artificial intelligence, namely OpenAI’s sophisticated chatbot ChatGPT. ChatGPT is a large-language chatbot driven by AI tech that allows users to have human-like conversations and...

Shares of C3.ai Inc (NYSE: AI) surged following the announcement of its partnership with ChatGPT, but not everyone is convinced of the company's profitability. What Happened: Short seller Spruce Point Capital reaffirmed its recent report on C3.ai Tuesday, doubling down on claims that ...

Gainers Sotera Health Company (NASDAQ: SHC) shares jumped 92% to $16.59 after the company announced its subsidiaries have reached agreements to settle the Ethylene Oxide cases pending against Sterigenics. Sterigenics will pay the company $408 million to settle the claims. Party City Holdco Inc. (...

U.S. stocks traded slightly higher, with the Dow Jones gaining around 30 points on Tuesday. Here are some big stocks recording losses in today’s session. Rayonier Advanced Materials Inc. (NYSE: RYAM) fell 30.6% to $6.35. RBC Capital downgraded Rayonier Adv Materials from Outperform to Sector...

Spruce Point Capital Management, LLC shared a Strong Sell research opinion on Super Micro Computer, Inc (NASDAQ: SMCI), susceptible to up to 40% - 50% downside risk, or $42.39 – $50.86 per share. The SEC penalized SMCI by $17.5 million and urged CEO Charles Liang to...

Jason Calacanis helped solidify his spot in the investing world with lucrative early stakes in companies like Uber Technologies (NASDAQ: UBER), Trello, Robinhood Markets (NASDAQ: HOOD) and others. Calacanis famously turned a $25,000 investment into $100 million with his early-stage investment...

In a short report initiated April, 1 2020 with two accompanying updates, Spruce Point Capital Management warned that WD-40 Company (NASDAQ:WDFC) is widely misunderstood and believed to be defensive, but in reality faces both long- and short-term secular pressures."In April 2020 we warned that WD-40...

On Monday's (Oct. 24) episode of the "Stock Market Movers," host Mitch Hoch spoke to Ben Axler, founder and chief investment officer of Spruce Point Capital Management about the biggest opportunities and short potentials for retail investors. Axler and Hoch went through...

In a short report on Generac Holdings Inc. (NYSE: GNRC) that was issued in June, Spruce Point Capital Management speculated the company might be overvalued. A popular stock, Generac has been a top performer over the past 10 years with returns of more than 1,000% during that...

Oatly Group (NASDAQ: OTLY) faces a consumer environment that is likely to become “particularly volatile” in Europe and Asia, according to Credit Suisse. The Oatly Analyst: Kaumil Gajrawala downgraded the rating for Oatly to Neutral, while reducing the price target from $6 to $3.43. The...

Near the end of August, billionaire investor Ron Baron said he was incredibly bullish on Tesla Inc (NASDAQ: TSLA), SpaceX and a small apparel company he called "the Lululemon of healthcare." Just weeks later, a short seller is taking the other side of the Tesla bull...

Spruce Point Capital Management produced a short report on Generac Holdings Inc. (NYSE: GNRC) in late June, calling the company’s shares materially overvalued while accusing the company of several shady M&A deals. Spruce Point showed renewed interest in its short report on Wednesday...

Keybanc analyst Jeffrey D. Hammond lowered the price target on Generac Holdings Inc. (NYSE: GNRC) to $325 (an upside of 30%) from $350 while maintaining the Overweight rating on the shares. The analyst says that the dealers communicated a mixed picture as the outlook...

Spruce Point Capital Management announced Tuesday that it is short shares of  Skechers U.S.A., Inc (NYSE: SKX). The short seller said it conducted a forensic financial evaluation of Skechers and found via channel checks in China that the footwear seller's revenue trends are "...