Loop Energy – LPEN

Hi Selva,

That will be very much a personal decision. I also own LPEN and will be just riding the wave. LPEN just happened to IPO at the worst time for green energy companies - hydrogen in particular. The entire industry has seen a big reset in terms of valuations and prices have cratered. This is not an operational issue with LPEN, but a market reset on hydrogen.

Furthermore, IPOs and growth stocks in general have struggled in 2021. Investing in recent IPOs is risky and only for those with a higher risk torelance and one must expect significant volatility.

I still like hydrogen and believe it will come back in favour, which is why I am keeping LPEN as it is better valued than a company like Ballard Power.

Mat