Long Position on FIP @ $10.00 on 7/29/2024 (Fundamentals)

FTAI Infrastructure Inc. (FIP) focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America.

Upward Trading ChannelThe company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

It operates a multi-modal crude oil and refined products terminal, and other related assets.

The company also has a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities; and a 1,660-acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant under construction.

In addition, it operates six freight railroads and one switching facility. FTAI Infrastructure Inc. was incorporated in 2021 and is headquartered in New York, New York.

Entry Point: $10.00

Trading Range: $2.84 - $10.43

Stop Loss: $9.50

Target Price: $11.00

 

Position closed on 8/9/2024 at price of $9.50 with a -5.00% loss in 11 days.

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