Tag Archives: darryl genovesi

While you might have been caught by the Tesla bug with its massive TSLA stock surge in the market, you might have missed Virgin Galactic’s meteoric rise on Wall Street. The SPCE stock has surged over 200% as of Wednesday closing.With the wild stock market rise, Wall Street investors are riding high on optimism at the moment. Tesla (NASDAQ: TSLA) has indeed been the star performer in the market with its price skyrocketing over $900 on February 19.Amidst a strong Q4 2019 performance, Tesla...

Vertical Research Partners is the first company that started covering Virgin Galactic, the space company founded by British billionaire Richard Branson. They gave it a “buy” rating and said its risk “is misunderstood.”In his letter to investors analyst Darryl Genovesi wrote:“We think the technical risk to SPCE’s human spaceflight program is less draconian than the stock appears to be pricing in.”Virgin Galactic had its IPO last week, following the realization of its merger with Chamath...