Oppenheimer analyst Kristen Owen downgraded AppHarvest to Perform from Outperform without a price target, citing increased going-concern disclosures and broader CEA industry growing pains. Owen sees AppHarvest entering into a critical execution phase as it ramps its three new facilities, and believes recent restructuring actions have resulted in more scarce access to operational management expertise, the analyst tells investors in a research note.
Published first on TheFly
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