Jul. 7 at 3:17 PM
$SAFX Great narrative, but the reality is rough. First-mover in SAF, sure, but the Reno plant isn’t producing meaningful fuel yet, and they’ve already pivoted to diesel. Post-SPAC dilution is inevitable with so little cash on hand. They’re last in line for feedstock in a HEFA bottleneck dominated by majors like Neste and BP. The stock’s collapsed from
$45 to
$1 for a reason. Until they show consistent SAF output and non-dilutive funding for expansion, this is a story stock, not an investable business. Trade it if you want, but don’t marry it.
