MP Materials Shines

Posted on May 7, 2021 by Scott Shuda

The Breakout Investor community was very encouraged by last night’ release of 1Q21 results for MP Materials (MP). The stock traded strongly aftermarket on news that Q1 revenues nearly tripled Y/Y to $59.9M; adjusted EBITDA jumped more than 6x to $33M.

MP Materials’ business is engaged in integrated rare earth mining and processing. It owns and operates the Mountain Pass facility located in California, just west of the Nevada border. The company is a SPAC that acquired the mine out of bankruptcy.

The stock began strongly, but has given a fair amount back in recent months, likely part of the general reconsideration of the SPAC trade, and related to some capital raising that seemed, to some, both opportunistic and ill-considered.

MP was discovered and is followed very carefully by Breakout Investor Matt R. Create and account and join us on the Breakout Investor Platform. Membership is free and the community is both great and growing.

Disclosure: I am long MP and might buy or sell shares at anytime.

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