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

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

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