First we need the confirm the basing is over in PA terms and that's around $2.10.
Medium term it must clear the previous high at $3.07.
Longer term $3.85 - $4.13
What I think no one out there are stating atm is the transition to clean energy must inherently involve an extremely painful phase with fossil fuels for the push towards renewables. Take for example this first cycle we've gone through out of covid. EV demand has already faded and hybrids are making a come back. The next cycle I think we still include fossil fuels to the level that cyclical cycle can handle. This will keep happening until the infrastructure for EV is no longer a question.
DYOR.
BPT Price at posting:
$1.27 Sentiment: Buy Disclosure: Held
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