Aug. 4 at 9:57 PM
$GSM $TSLA $SPCX $AMZN $AMD
✅ The Good: Shipments surged, free cash flow turned positive (
$20.4M), EBITDA improved to
$13.1M, and net debt dropped 31% QoQ. The balance sheet is getting stronger.
⚠️ The Bad: Silicon metal pricing remains weak, the core silicon business is still losing money, and adjusted EPS was only
$0.00.
📈 Outlook: The turnaround is real, but it's still in the early stages. My year-end 2026 target is
$4.00–
$5.00 (base case), with
$5.00–
$6.00 possible if silicon pricing recovers and H2 margins improve. The widely cited
$6 analyst target remains achievable but will likely require a stronger industry recovery.
