I did a quick search, and it looks like it's been a while since MP had its own discussion thread.
Why I’m hesitant at first glance:
- trading near all-time highs
- P/E ratio of 76
In case you’re unfamiliar with them, here’s a snippet from their website:
“MP Materials helps fuel the electrification of global infrastructure. We are the largest producer of rare earth materials in the Western Hemisphere, through our state-of-the-art, zero-discharge operations in Mountain Pass, California. We currently deliver approximately 15% of global rare earth supply with a long term focus on Neodymium-Praseodymium (NdPr), a crucial input to the powering of electric vehicles, wind turbines, drones, robots and many other advanced technologies.”
And some a few reasons they’re making waves:
- YoY revenue and net income growth were easily in the triple digits for each quarter of 2021
- In February, the DoD signed a contract with MP for $35 million, trying to reinforce America’s supply chain of precious metals.
- In December, GM signed a long-term deal with MP for supplying materials, alloys, and magnets for its EV lineups.
I plan to compile and share my research here and via my website next week, but I figured I’d get your opinions first.
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