Neutral/Negative Catalysts
- Crowded bullishness risk: Very call-heavy options positioning can precede short-term pullbacks if expectations are high.
- Hedge funds selling: Hedge funds are selling (selling amount +572.13% last quarter), a notable institutional headwind.
- Offshore wind overhang: Coverage highlighted offshore wind uncertainty (Trump admin halting new offshore wind development) as a potential headwind to certain assets/projects.
- Profitability pressure: Gross margin down YoY (see financials), which can cap multiple expansion.
- Near-term technical risk: Extended RSI and price near R2 resistance increases odds of mean reversion.