Giant Fund Buys Up Tesla and Plug Power Stock, Sells GM
Comment of the Day

January 23 2023

Commentary by Eoin Treacy

Giant Fund Buys Up Tesla and Plug Power Stock, Sells GM

This article from Barron’s may be of interest to subscribers. Here is a section: 

DNB Asset Management materially increased investments in EV maker Tesla (ticker: TSLA) and Plug Power (PLUG), a hydrogen fuel-cell technology company, while slashing its stake in General Motors (GM) in the fourth quarter. The unit of Norway's largest financial-services firm, DNB, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.

Eoin Treacy's view

Norway’s commitment to renewables is a very vocal and not least because it is such a large exporter of oil and gas. Nevertheless, one cannot argue with the timeliness of these purchases. Tesla lost 75% of its value in little more than a year. That’s a sufficiently large drop to encourage some value oriented interest. 

Click HERE to subscribe to Fuller Treacy Money Back to top