DEL – Delorean Corporation
On the fundamentals front, the projects are profitable and the scalability is huge. It’s entirely possible that DEL will be the target of a takeover, but if not, it should continue to grow nicely. The market will also love it, being green energy, and profitable green energy is highly desirable in every sense.
Looking at the chart, it’s fantastic. Very consistent higher highers and higher lows, not going up in a straight line but making nice consolidations all along the way. Current resistance of 22c lines up with where it was trading for about a year as of shortly after the IPO in 2021. I think 26c (major resistance) is quite possible in December. I see a potential pattern setting up with a target which coincidentally matches the all time high in the 40s which was hit just after DEL just started trading in 2021, though I think we’ll have to wait until some time next year to see it.
A profitable green energy company with huge scalability and growth potential with such a small market cap not yet on the radar and not yet being priced as a growth stock is quite a gem.
