Buy Call on HD
+1.93%current return
"About two weeks ago, we broke down why we believe that HD at $13.95 was a buy. And it was because, quite frankly, its future merger partner, Terrestrial Energy, is a nuclear energy play on a short list for Department of Energy partners. And if you look at its recent trading, it hit $20.55 at highs on Friday, which is great. But what is the continued case to buy HD stock before they essentially merge and take Terrestrial Energy public? The case that I would make is for starters, theyre fast-to-market nuclear with a modular, capital-light design and rapid regulatory progress."
The speaker issues a buy call on HD, citing its attractive entry price of $13.95 and anticipating a merger with Terrestrial Energy. He highlights the nuclear play element, fast-to-market capabilities, and recent price action reaching $20.55 as supporting evidence for a compelling near-term upside.
High ConvictionScore: 7.8
Stock Idea •ZipTrader • 13 days ago