Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Analyst Ben Kallo noted that the company's operating revenues and adjusted EBITDA for the third quarter exceeded the firm's estimate and the consensus. The analyst also noted that the reported cash available for distribution exceeded its own guidance.
Baird also highlighted on the fact that the company raised its 2016 guidance, citing the third-quarter outperformance and operating performance of its projected portfolio. The firm believes the company will see continued growth due to being well capitalized and having flexibility in liquidity sources.
With its recent announcement to acquire a 49 percent stake in the 102 MW Henrietta project, the company expects an incremental $10.9 million in cash available for distribution. Baird believes the company's current portfolio provides the necessary cash flow to reach its 2017 distribution targets without additional power purchases. The acquisitions, according to Baird, offer the company flexibility in managing cash flow.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.