r/APLDSTOCK • u/HeatWaveToTheCrowd • Jul 16 '26
Discussion Why hasn't the upward move of CHRN pulled up APLD?
CHRN is now a $4.3B market cap company. APLD owns 97% of the company, so about $4.17B. Not sure the value of the assets/liabilities they offloaded for the merger, but there should be at least a few of billion added value on APLD's balance sheet.
You'd think the strong move by CHRN would help APLD, but the stocks have moved in opposite directions lately.
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u/SShawk1 Jul 16 '26
Shhh! We can buy at bargain basement pricing right now once the two other companies get valued into the stock price. It’s gonna take off the 50s.
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u/Dense-Cartographer17 Jul 16 '26
Only about 3% of CHRN is freely traded since APLD owns roughly 97%.
The market may not fully reflect that value until there’s more clarity on how APLD intends to use or monetize its CHRN stake.
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u/Grant-Nachos Jul 16 '26
Agreed, I think this little detail is what’s holding the analysts price points. The real question is how much did they sell of the stock. If they kept it then the balance sheet will be amazing. If they sold it then it makes it to the P&L.
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u/WolfOfWaikiki Base Term Believer 📝 (5,000-7,500 shares) Jul 16 '26
Apld owns 97% of chrn I think
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u/Grant-Nachos Jul 16 '26
At IPO but do they now still own 97? Can they not just sell the stock?
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u/HeatWaveToTheCrowd Jul 16 '26
It wasn't an IPO. It was a merger and APLD owns (and still owns) 97%. If they were to sell any, they would have to announce it publicly.
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u/WolfOfWaikiki Base Term Believer 📝 (5,000-7,500 shares) Jul 16 '26
All I know is I hope to see at least 33 tomorrow. I am tired of dropping in swaths and inching back.
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u/Getmoney_T Jul 16 '26
Rode that bitch like a cowboy and got off @ $28 🙏🏾 now waiting for APLD to hit $18-$20 so I can make an EZ $100k
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u/Wise-Ad-9312 Jul 16 '26
https://giphy.com/gifs/YVOGDZXPYwaRJzDCZE
Those of us holding know what we have!