Good news from HPQ

Developing Processes For The Low-Cost Manufacturing Of High Purity Silicon Metals For Next-Generation Lithium-ion Batteries

Achieved final critical milestones, completing a successful silicon pour

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moi

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Good news from HPQ

posted on Mar 05, 2021 01:58PM

Good post from Electricman on Stockhouse

Who is criticizing yesterday's news and why?

I will explain why HPQ released this news about their finance yesterday.

The stock markets react strongly when bond rates rise or when they have an upward trend as they do now.

The reason is simple: companies need cash (loans) to finance their projects (or expansions) so if interest rates increase, it will cost more to finance their projects. So it might decrease profits. Especially for technology companies like HPQ and PYR and those on the NASDAQ.

Technology companies need a lot of cash to grow and that's why HPQ came out with this news yesterday.

HPQ wanted to announce that there was no risk for them because HPQ has $19M in cash. This is HUGE for a small emerging company like HPQ.