It is no secret that billionaire Carl Icahn sees Apple stock as undervalued. While Apple currently costs a little over $127 per share, Icahn sees a more worthwhile price for the stock as $216; 70% more than it currently costs. Apple still has a smartwatch due to be released in the coming months, but beyond that has plans to construct a massive, 2-square mile, solar farm in California. Beyond the goodwill Apple would garner by such a ‘green’ project, the $850 million will turn into a direct cut in overhead for California operations while earning a sizable bundle for the energy it produces on the side. Apple stock has improved by another 1.8% so far today.
February 12, 2015 – Stock Market News
It is no secret that billionaire Carl Icahn sees Apple stock as undervalued. While Apple currently costs a little over $127 per share, Icahn sees a more worthwhile price for the stock as $216; 70% more than it currently costs. Apple still has a smartwatch due to be released in the coming months, but beyond that has plans to construct a massive, 2-square mile, solar farm in California. Beyond the goodwill Apple would garner by such a ‘green’ project, the $850 million will turn into a direct cut in overhead for California operations while earning a sizable bundle for the energy it produces on the side. Apple stock has improved by another 1.8% so far today.
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