Indoor Farming Companies Report Their Earnings & Fear The Rising Tensions in Taiwan
Today, 4 indoor farming stocks are expected to release their earning results but most investors are looking at the tensions between Taiwan & China as semi-conductors are at risk
Good morning readers, Local Bounti, CubicFarm & Agrify have reported strong earnings for the second quarter 2022 while Kalera pushed its first earning report to the 19th of August. Other companies are expected to follow during the day with the likes of Edible Garden & Urban-Gro.
Nonetheless, current tensions in Taiwan may do more harm to the industry as the lack of semiconductors may lead to important delays and an increase in cost for an industry already pressured by the current energy prices.
Here are 5 things to know before this week’s opening bell!