Opinions
Rick Rule
Altius Renewable Royalties Corp
ARR-T
BUY
Sep 07, 2023
$8.490
Stock price when the opinion was issued
Utilities
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RISKY
Allan Tong’s Discover Picks ARR warrants consideration because it is a play on American renewable energy, and as noted above, the Senate just passed a bill that seriously expands tax credit for such green companies. On the morning after that vote, shares of ARR jumped 16%, then sharply fell to 3.5%. While analysts are targeting $15 on ARR (which is bubbling around $10 as I write) they also warn of ARR's high uncertainity. Read 3 Stocks to See Green in Green Energy Stocks for our full analysis.
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Ranked as a 4 in his system, which is high praise. Holds management team in high regard. Wonderful asset allocators and patient investors. Recently entered into royalties for renewable energy.