Varun Anand
Pinnacle Renewable Holdings Inc.
PL-T
DON'T BUY
Oct 27, 2020
They made wood pellets which are used in biomass generation facilities. He has owned this, but it's volatile due to management and operational issues. Wood pellets are vulnerable to fire, which is what happened last year. Their backlog in Japan and Korea is robust is good, but he doesn't like their concentration risk in a European utility. You can trade this during its massive swings. If you want more stable renewable energy look elsewhere.
Biofuel. Canada has an incredible forestry industry with a huge emphasis on planting trees. PL takes wood waste like sawdust and turns it into energy. This fuel can replace coal that is also carbon-neutral.
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