Comstock Solar-Recycling Line Seen Lacking Feedstock and Profits
LODE’s solar recycling line shows no evidence of sustained throughput, realized tipping fees, or positive EBITDA per ton in first-half results, suggesting no scale economics yet. The market may be pricing optimistic management economics, but without feedstock contracts, proven output quality, or sustainable cash flow, the stock is viewed as an avoid case—capacity isn’t cash flow.