EVN outperformed its peers on Wednesday after their report delivered no surprises in their financial metrics and FY24 guidance was left unchanged. After blindsiding the market at their latest production update, It may take a few quarters for EVN to regain the market’s full confidence. Still, we believe the stocks offering excellent value ~$3, although a 5% weighting in our Active Growth Portfolio is large enough in a stock like EVN.
- We continue to like EVN, especially around the $3 area, after a weak quarterly production report in January and a cap raise at $3.80 in January.
MM is long and bullish EVN
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