They can still re appeal and the cut for funding isn’t just this company, it’s across the sector. This is just temporary pull back and profit taking. Give it about a month and it’ll be back up for November. It’s so bigger companies can enter because they have the resources to continue operations and time to fix any paperwork for funds.
DOE grant terminated (Oct 9): ABAT disclosed in an 8-K that the U.S. DOE terminated its Assistance Agreement for a ~$115.5M lithium hydroxide project (DOE share ~$57.7M; company share ~$57.7M). ABAT says it has appealed and intends to proceed with the project regardless of appeal outcome.
Stock Titan
+1
Context: broad DOE cuts: DOE recently announced a mass termination of awards across hundreds of projects—this was not unique to ABAT.
The Department of Energy's Energy.gov
Clean Air Task Force
Countervailing progress: Two days earlier, ABAT said it completed all required NEPA baseline studies for the Tonopah Flats Lithium Project, a key threshold that enables formal federal review/permitting to begin. Shares had rallied on that milestone before the termination headline.
Plug Power (PLUG) and QuantumScape (QS) had similar DOE grant turbulence; both rebounded months later after private financing or validation.
Lithium Americas (LAC) also faced delays but gained once its Thacker Pass permitting cleared
Im a designer and ADBE is done for. Their only chance of turnaround was to acquire FIG but since that fell over they have no moat.
Im not saying the business will disappear, but in my org i know 5-6 people who uses ADBE products daily vs 3-400 who uses FIG.
Go figure.
It could still continue to melt up as it has been but I expect it to have a blow off top sooner or later. Could be tomorrow, could be a month from now. It’s hard to say.
# 🚀 RGTI: QUANTUM DREAMS OR INSIDER EXIT SCHEME? 🚀
TL;DR: Revenue’s flatlining, costs are bleeding cash, insiders are dumping this stock like it’s radioactive, and the founder—Chad Rigetti—bailed to start a NEW quantum company. \*\*CEO Subodh Kulkarni holds ZERO shares.\*\* Meanwhile, competitors like Infleqtion (CCCX) are actually making money. Let’s dig in.
https://preview.redd.it/irmz77hehivf1.png?width=1531&format=png&auto=webp&s=d019dc687a0ad0638f5006b87691f2aa4383c76d
When the captain abandons ship, don’t rearrange the deck chairs. 🚢💥
DIAMOND EXIT 💎👋
\---
\*Not financial advice. Just facts and memes. Do your own DD—or don’t, it’s your money.\* 🤷♂️
I'm with you on this one OP - I've been selling a bunch of $11 strike CSP on this stock for the last few weeks. I've pocketed over $10k in premiums at this point, but a part of me hopes to get assigned for a juicy $10.50 cost basis. I really don't see this dropping much further below $11 worst case - I agree with you that this is a good value play.
I fully agree. Also despite all the shit talk that others do on here, I do truly believe in this company. Just got scared seeing a greater then 20% dip in less then 3 hrs. I'm sure this will come off as naive but how do you cope when seeing this kind of volatility?