Sustainability Stocks: ESAB Example

20 mar

ESAB has been around for many years although it only went public on the NYSE as a Swedish-American company in 2022.

ESAB Corporation is focusing on sustainability and connected fabrication technology, which is an area headed for more growth.

The stock is 90% held by institutions. ALL of the giant Buy-Side and ETF developers are near the top of the Institutional holdings list.

The stock as been trending upward since its IPO bottom completion, which completed very quickly at $50. The company's revenues have been steady. Earnings have been up and down quarter over quarter. The recent gap up is a breakaway gap, which seldom fill.