The North-American wood pellet giant Enviva is walking a financial tightrope as it enters 2024. The company's stock price on Thursday was hovering around 80 cents, down 99% from its peak of $87 a share in April 2022. As recently as spring 2023, the stock was still holding at more than $21 a share. Then a series of worrying disclosures sent the stock into a tailspin, with shares losing more than 77% of their value on a single day in November when the company issued its disappointing third-quarter financial resultsand warned that it could struggle to ...
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