AppHarvest, Inc. (APPH)

NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against AppHarvest, Inc. (NASDAQ:APPHW). The settlement provides for a fund of $4,850,000 to benefit class members.

NEW YORK , April 1, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of AppHarvest, Inc. securities (NASDAQ: APPH) and (NASDAQ: APPHW). SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED CLASS ACTION SETTLEMENT, FINAL APPROVAL HEARING, AND MOTION FOR ATTORNEYS' FEES AND EXPENSES To:      All persons and entities that purchased or otherwise acquired securities of AppHarvest, Inc., during the period from February 1, 2021 and August 10, 2021, inclusive, and were injured thereby (the "Settlement Class").

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

AppHarvest (NASDAQ: APPH ) stock is taking a beating on Monday after the company filed for Chapter 11 bankruptcy protection. This filing comes as AppHarvest seeks to reorganize its business.

Company secures approximately $30 million debtor-in-possession financing commitment from Equilibrium to support ongoing operations at AppHarvest Morehead, AppHarvest Richmond and AppHarvest Somerset during proceedings

Martin will continue rapid execution of Project New Leaf focused on operational efficiency  for higher yields, improved quality and cost savings

AppHarvest saw revenue grow by 150% year-over-year for its fiscal 2023 first quarter as three new controlled environment farms came online last year. The company's guidance for revenue to come in at not less than $40 million for its full fiscal 2023 has placed its forward price-to-sales multiple at 1.53x.

Last year was the worst year for the markets since the financial crisis of 2008. While the index slipped, the correction was felt most in growth and penny stocks.

AppHarvest, Inc. (APPH) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.30 per share a year ago.

At the last Federal Open Market Committee (FOMC) meeting, Fed Chair Jerome Powell expressed that he was confident that even a mild recession was unlikely. This sentiment came as the labor market and household savings remained strong.

MOREHEAD, Ky., April 26, 2023 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the world's largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced it will release its financial results for the first quarter 2023 on Wednesday, May 10, 2023. The company will host a conference call and webcast to review its results the same day at 4:30 p.m. ET.

AppHarvest, Inc. (NASDAQ:APPH ) Q4 2022 Earnings Conference Call March 9, 2023 4:30 PM ET Company Participants Travis Parman - Chief Communications Officer Jonathan Webb - Founder and CEO Loren Eggleton - CFO Tony Martin - COO and Board Member Conference Call Participants Brian Holland - Cowen Ben Theurer - Barclays Kristen Owen - Oppenheimer Operator Good day and thank you for standing by. And welcome to AppHarvest Q4 2022 Earnings Conference Call.

Company successfully quadrupled to a four-farm network in 2022, setting the stage for expected year-over-year sales increases throughout 2023

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Here is how AppHarvest, Inc. (APPH) and Aterian (ATER) have performed compared to their sector so far this year.

MOREHEAD, Ky., Feb. 27, 2023 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the world's largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced the closing of its previously announced underwritten public offering of 46,000,000 shares of its common stock, which includes the exercise in full by the underwriters of their option to purchase 6,000,000 additional shares at a public offering price of $1.00 per share. The aggregate gross proceeds to AppHarvest from this offering were $46 million, before deducting underwriting discounts and commissions and estimated offering expenses. AppHarvest expects to use the net proceeds of the offering for working capital and general corporate purposes.