Goldman Sachs suspended the firm’s investment rating, price target, and earnings estimates for Enviva given insufficient information on which to base an investment view after the company in its Q3 release announced a “going concern” warning, where it cited limited liquidity and the potential to breach revolver covenants, and eliminated all future guidance for Q4, 2023, and all future years.
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Read More on EVA:
- Enviva sinks after raising substantial doubt of remaining going concern
- Enviva withdraws guidance, sees significantly lower sales price in Q4
- Enviva evaluating alternatives to alleviate adverse liquidity transactions
- Enviva appoints CFO Glenn Nunziata as interim CEO
- Enviva reports Q3 revenue $320.6M, consensus $350.47M
