David Einhorn Pitches Long Bet on Chemicals Company Solvay
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 03 2024
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Source: Bloomberg
- David Einhorn's Investment Bet: David Einhorn, a prominent investor, is betting on European essential chemicals company Solvay.
- Sohn Investment Conference: Einhorn made these comments at the Sohn Investment Conference in New York.
- Stock Surge: Following Einhorn's remarks, Solvay's American depositary receipts surged by 13% to $3.10 apiece in New York.
- Company Expansion: Solvay, known for producing soda ash, plans to expand its capacity by 7% in Wyoming in the upcoming years.
- Investment Outlook: Einhorn believes that investing in "boring essential-chemicals business" like Solvay will yield attractive risk-adjusted returns for investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
