Rocket Lab’s shares lose 10% because of a negative assessment by stock analyst
Because one stock market analyst, Bleeker Street Research (BS) this week issued a negative assessment of Rocket Lab’s schedule for launching its new Neutron rocket, the company’s shares have lost about 10% of their value in the past few days.
In the report, BSR opines that while Rocket Lab has captivated investors with the promise of Neutron, its research shows the promise is built on shaky ground.
BSR believes the Neutron launch won’t take place until mid-2026, and could be delayed until mid-2027. Engine development, structure production, Wallops Island in Virginia, USA, launch pad construction, and transporting Neutron to the site are all factors cited by BSR as driving the delay.
BSR also questioned whether Rocket Lab could get its launch price of $50-$55 million.
Delays in launching a new rocket are to be expected, though as of now Rocket Lab has not indicated any issues that would preclude their predicted first Neutron launch in 2025.
One wonders if this report is merely the typical price manipulation you see all the time from stock market honchos. Issue a negative report which causes the price to drop, and then use that drop to buy up shares at discount prices.
At the same time, the analysis could be correct, though it depends on unnamed sources.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Because one stock market analyst, Bleeker Street Research (BS) this week issued a negative assessment of Rocket Lab’s schedule for launching its new Neutron rocket, the company’s shares have lost about 10% of their value in the past few days.
In the report, BSR opines that while Rocket Lab has captivated investors with the promise of Neutron, its research shows the promise is built on shaky ground.
BSR believes the Neutron launch won’t take place until mid-2026, and could be delayed until mid-2027. Engine development, structure production, Wallops Island in Virginia, USA, launch pad construction, and transporting Neutron to the site are all factors cited by BSR as driving the delay.
BSR also questioned whether Rocket Lab could get its launch price of $50-$55 million.
Delays in launching a new rocket are to be expected, though as of now Rocket Lab has not indicated any issues that would preclude their predicted first Neutron launch in 2025.
One wonders if this report is merely the typical price manipulation you see all the time from stock market honchos. Issue a negative report which causes the price to drop, and then use that drop to buy up shares at discount prices.
At the same time, the analysis could be correct, though it depends on unnamed sources.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
From their required disclosure documents:
“You should assume that Bleecker Street Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in any securities covered herein.”
They do have a short position in Rocket Lab.
I have always wanted to own some rocket stock. hmm.
Stock analysts issue negative report while holding short position.
In other news the Sun rises in the East.
Just another reason I despise suits.
There was a program a few years ago–about a man in real estate who was living in an unfinished mansion with his high maintenance wife and a daughter who would get fussed at for having lights on.
What I remember was one of the family members talking about how the bank essentially tied their hands–I think it was CNBC.
Over at Shark Tank, one guy asked for an investment in an idea he had that was a lot like Neuralink.
They all but laughed him off the set.
It is strange how the same concept spooks one group but inspires others.