Joby Aviation (NYSE:JOBY), a developer of electric vertical takeoff and landing (eVTOL) aircraft for air taxi services, closed Thursday at $11.13, down 16.72%. The stock moved lower after Joby priced upsized concurrent stock and convertible note offerings around $1.2 billion. Investors are watching how the enlarged capital raise and dilution shape funding for certification and commercial launch plans. Trading volume reached 145.5 million shares, about 475% above its three-month average of 25.3 million share ...

Was it really just three weeks ago that I warned investors that Joby Aviation (NYSE: JOBY), the former SPAC IPO air taxi company with zero profits and zero free cash flow, was "likely [to] run out of cash and need to sell more stock (diluting its shareholders in the process)"? And that when that happened, it "won't be good news for the stock price?" Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See ...

Core Viewpoint - Plug Power's stock is experiencing a significant increase, rising 16.4% in response to an AMA event on Reddit featuring CEO Andy Marsh, which is expected to provide insights into the company's growth initiatives and fundraising plans [1][7]. Company Strategy - Plug Power aims to expand its share count from 1.5 billion to 3 billion to facilitate the sale of new stock, which is intended to fund operations without incurring debt [3][5]. - The company is hosting a special shareholders meeting on January 29th to advocate for an affirmative vote on charter amendments related to this share increase [3]. Financial Performance - In the third quarter of the previous year, Plug Power reported revenue of $177 million, reflecting a year-over-year increase of 1.7%. However, the company also posted a net loss of $361 million, indicating ongoing financial challenges [4]. - Backlog trends suggest that sales may decline in the near future, raising concerns about the company's revenue stability [4]. Market Sentiment - Some investors are speculating that the Reddit AMA could help Plug Power achieve meme-stock status, despite the stock being down 84% over the last three years [2][7]. - The potential for significant stock dilution due to the planned share increase poses a risk for existing shareholders, leading to a cautious outlook on buying shares at this time [5].

Core Viewpoint - Bitmine Immersion Technologies has received shareholder approval to increase its authorized shares, which provides the company with greater flexibility to raise capital amid current market conditions [1] Group 1: Company Actions - The approval allows Bitmine to potentially issue more shares, which could be used for capital raising initiatives [1] - The decision comes at a time when the company's stock price is declining, raising concerns among investors about possible dilution [1] Group 2: Market Context - The overall market is experiencing a downturn, with ether prices also sliding, contributing to investor anxiety regarding the implications of increased share issuance [1]

Group 1 - Plug Power's stock price has entered a bear market, experiencing a nearly 50% decline from its peak in October [1] - Concerns regarding dilution and growth have contributed to the stock's downturn [1]

Core Viewpoint - Plug Power's stock experienced a brief increase of over 5% before settling at a 2.6% rise, following an upgrade by analyst Tim Moore from Clear Street, despite a reduction in the price target to $3 per share [1][2]. Group 1: Stock Performance and Analyst Insights - The stock's initial rise was attributed to an upgrade by Tim Moore, who also cut the price target by 50 cents [2]. - Plug Power raised $399.4 million through convertible debt, which will reduce annual interest payments but may lead to future share dilution when the debt converts to stock [3]. - The dilution of shares is expected to lower the value of Plug stock, prompting Moore to adjust his price target downward [4]. Group 2: Profitability Concerns - Despite the upgrade, there are significant concerns regarding Plug Power's profitability, as the company has never turned a profit in its 28-year history, with analysts not expecting profitability before 2031 [5]. - The optimistic outlook from some analysts is challenged by historical performance, suggesting that the stock may not be a viable investment [5]. Group 3: Investment Considerations - Investors are advised to consider the implications of the recent upgrade and dilution before investing in Plug Power, as other stocks may present better opportunities [6][7].

Core Insights - AMC Entertainment Holdings Inc's stock reached an all-time low of $1.64 despite reporting its strongest pre-Christmas weekend since 2021 [1] Operational Performance - The release of "Avatar: Fire & Ash" attracted over 4 million guests and generated approximately $88 million in domestic revenue [2] - Premium formats, particularly 3D screenings, contributed significantly, accounting for about 67% of admissions revenue [2] Investment Activity - Billionaire Robert Citrone of Discovery Capital Management has taken a contrarian position by acquiring around 32.75 million shares at an average price of $2.16, representing nearly 4% of his portfolio [3] Financial Strategy - AMC executed a strategic pivot by selling the majority of its stake in Hycroft Mining Holding Co, resulting in proceeds of $24.1 million to reinvest in its core exhibition business [4] - CEO Adam Aron has resumed full-time duties following a minor stroke in November [4] Market Challenges - Dilution risks are present due to an amended note agreement that permits up to $150 million in stock offerings starting in February 2026, which may hinder the stock's ability to surpass the $2.00 resistance level [5]

Core Viewpoint - AMC Entertainment Holdings Inc is experiencing a significant disconnect between strong box office performance and declining stock prices, with shares down over 50% year to date, trading around $1.75, despite a surge in attendance due to the release of "Avatar: Fire and Ash" [1][3]. Group 1: Box Office Performance - AMC reported its strongest pre-Christmas weekend since 2021, with over four million customers visiting AMC and ODEON locations globally [1]. - "Avatar" opened with $88 million domestically and $345 million globally, with premium formats like IMAX and Dolby Cinema contributing significantly to admissions revenue [4]. Group 2: Investor Sentiment - Billionaire hedge fund manager Robert Citrone has initiated a new position in AMC, purchasing approximately 32.75 million shares at an average price of $2.16, representing nearly 4% of his portfolio, indicating a potential contrarian view on the stock [3]. - The market may be overly pessimistic about AMC, as the company still operates around 860 theaters with 9,600 screens worldwide, suggesting that stabilization in box office trends could lead to a stock rebound [6]. Group 3: Financial Concerns - AMC has amended its exchangeable note agreement, allowing for up to $150 million in future at-the-market stock offerings starting in February 2026, which raises concerns about potential stock dilution [5]. - A consent fee of $6.25 million paid in AMC shares adds another layer of dilution risk for shareholders [5].

Core Insights - Dutch Bros has experienced a stock price increase of 60.6% since its IPO in September 2021, slightly outperforming the S&P 500's 53% gain during the same period [3] - The company's market capitalization has grown from $1.71 billion at IPO to $7.48 billion, representing a 336% increase, which is significantly higher than the stock returns experienced by investors [7] - The substantial growth in market cap is attributed to stock dilution from multiple secondary offerings and stock-based compensation, which has increased the diluted share count from 57.4 million in Q2 2023 to 115.2 million by the end of 2024 [9][10] Company Growth Strategy - Dutch Bros has expanded its store count from 503 locations in September 2021 to 1,043 locations, with a goal of reaching 2,029 by 2029 [10][11] - The majority of new stores are company-owned, with only a 20% increase in franchised operations, indicating a focus on direct control over expansion [10] - The company raises capital through stock sales and loans to fund its aggressive growth strategy, which also leads to stock dilution impacting returns for existing shareholders [11]

Core Viewpoint - Oklo is seeking to raise up to $1.5 billion through an at-the-market stock offering, leading to a significant decline in its share price amid concerns of dilution [1][2][3] Group 1: Company Financials - Oklo's current market capitalization stands at $17 billion, with shares trading at $104.67 after a drop of 6.25% [2] - The company's stock has experienced a dramatic increase of 400% over the past year, despite having no revenue and substantial costs [4] Group 2: Offering Details - The at-the-market offering allows Oklo to sell shares at its discretion over an extended period, which could lead to further dilution for existing shareholders [2][3] - The regulatory filing warns investors about the potential for "immediate and substantial dilution in the net tangible book value" due to the capital raise [3] Group 3: Future Capital Needs - Oklo is expected to require additional capital in the future to fund the construction of its reactors, indicating ongoing financial challenges [5] - Given the company's high valuation and the risks associated with its business model, caution is advised for potential investors [5]