$10.02 0.2 2.3%
Last Trade - 16/04/21
Market Cap | £1.28bn |
Enterprise Value | £824.7m |
Revenue | £n/a |
Position in Universe | 2330th / 6850 |
** Shares of solar power companies, electric vehicle makers, cannabis producers, and tech cos that have seen a steep rise in the last few weeks on post-pandemic growth expectations and retail-trader enthusiasm tumble along with major U.S. indices ** The Nasdaq .IXIC falls to its lowest in nearly a month as investors question steep company valuations .N ** EV stocks decline, most notably Tesla TSLA.O which is down ~6% on the day and posting YTD losses of over 4% after a plunge in bitcoin BTC= urn:newsml:reuters.com:*:nL8N2KT2XN ** Other EV makers Fisker Inc, FSR.N , Lordstown Motors RIDE.O and U.S.-listed shares of Nio NIO.N dip between 5% and 8%; Hydrogen fuel cell maker PLUG.O loses over 8% ** Electric vehicle ETFs DRIV.O and IDRV.N , both with large holdings in Tesla, dip over 3%. ** Solar energy stocks tumble: NextEra Energy, NEE.N loses ~2%, Enphase Energy, ENPH.O First Solar, FSLR.O Sunrun, RUN.O and JinkoSolar JKS.N fall between 1.5% and 7.2%, Invesco Solar ETF TAN.N loses ~2.6% ** U.S.-listed cannabis companies, which have rallied in the past few weeks on retail trader hype and hopes of decriminalization under Joe Biden's administration, fall ** Sundial Growers SNDL.O , Tilray TLRY.O , Aphria APHA.O lose between 10%-12% despite all three being on track to more than double this year; Pot stocks ETF MJ.N dips 5% ** Shares of big tech cos Alphabet Inc GOOGL.O , Microsoft MSFT.O , Amazon.com AMZN.O and Apple AAPL.O down between 0.8% and 3% (Reporting by Lisa Mattackal in Bengaluru) ((LisaPauline.Mattackal@thomsonreuters.com; +919945309224; Reuters Messaging: lisapauline.mattackal@thomsonreuters.com @reuters.net))