SunOpta Inc. (STKL): A Bear Case Theory [Yahoo! Finance]
SunOpta, Inc. (STKL)
Last sunopta, inc. earnings: 2/27 07:30 am
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US:NASDAQ Investor Relations:
investor.sunopta.com/investor-relations
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Source: Yahoo! Finance
SunOpta Inc. (STKL)'s share was trading at $7.26 as of Nov 6 th SunOpta (STKL) presents an interesting short opportunity based on a potential downturn in the plant-based milk industry. Once undersupplied and experiencing rapid growth during the pandemic, this sector now faces the risk of oversupply as demand stabilizes. With production capacity having expanded significantly, particularly by companies like STKL, prices in the plant-based milk market may come under pressure, which could negatively affect the growth and profitability of producers. STKL's Q3 results, however, showed continued strong performance, with a 16% increase in revenue driven by a 21% boost in volume, largely from the food service channel. This growth was supported by a new production line at STKL's Midlothian facility, which doubled its output compared to the same period last year and increased production by 20% sequentially. Management remains optimistic, reaffirming 2024 guidance for mid-teens growth in revenu
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STKL
News
- $31.8 Bn Plant-based Milk Markets - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 [Yahoo! Finance]Yahoo! Finance
- SunOpta Inc. (NASDAQ: STKL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- SunOpta Inc. (NASDAQ: STKL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- SunOpta Inc. (NASDAQ: STKL) had its price target raised by analysts at Stephens from $9.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
- Hershey (HSY) Reports Q3: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
STKL
Earnings
- 11/5/24 - In-Line
STKL
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/8/24 - Form 4
- STKL's page on the SEC website