The definitive EV thread. No spin. No BS., page-1356

From The Bull Weekly Newsletter yesterday:
Pilbara Minerals (ASX: PLS)
Pilbara is the sole owner of the Pilgangoora Lithium the “world’s largest independent hard-rock lithium operation,” according to the company. Pilbara is the largest pure play lithium miner on the ASX by market cap.
The Pilgangoora is a low cost, long life operation, with a resource base large enough for expansion to meet rising demand. The company has exploration assets in Western Australia and is aggressively pursuing entry into downstream lithium processing for direct delivery of battery-ready lithium. Pilbara has a joint venture (JV) agreement with South Korean steel manufacturer Posco to build a lithium hydroxide processing facility in South Korea.
The company has offtake agreements in place with Ganfeng Lithium and General Lithium. Pilbara’s goal is to diversify into an “integrated lithium raw materials and chemicals supplier.”
Despite softening lithium prices, the company continued its streak of rising revenues and profit into FY 2023.
Pilbara Minerals Financial Performance
Source: ASX
The bite came in the Half Year 2024 results, which saw revenues fall 65% and underlying profit after tax down 78%.
The Wall Street Journal has a HOLD rating on Pilbara shares, with 8 analysts at BUY, 7 at HOLD, and 5 at SELL. Pilbara is number six in the ASX Top Ten Shorted Stocks List.
Year over year the share price is down 38.3%. Over five years the share price rose 486.9%.

"The Wall Street Journal has a HOLD rating on Pilbara shares, with 8 analysts at BUY, 7 at HOLD, and 5 at SELL". This last comment gives me hope that the tide may finally be turning.