NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against AppHarvest, Inc. (“AppHarvest” or the “Company”) (NASDAQ: APPH) on behalf of AppHarvest stockholders. Our investigation concerns whether AppHarvest has violated the federal securities laws and/or engaged in other unlawful business practices.
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AppHarvest is an applied technology company that develops and operates some of the world’s largest high-tech indoor farms, designed to grow non-GMO, chemical pesticide-free produce, using up to 90 percent less water than open-field agriculture and only recycled rainwater while producing yields up to 30 times that of traditional agriculture on the same amount of land without agricultural runoff.
On August 11, 2021, AppHarvest announced financial results for the second quarter ended June 30, 2021. The company reported a $32 million net loss in the second quarter and lowered its full year sales guidance to a range of $7 million to $9 million from a prior range of $20 million to $25 million.
Following this news, AppHarvest’s stock price fell $2.46 per share, or 20.55%, to close at $8.51 per share on August 11, 2021.
If you purchased or otherwise acquired AppHarvest shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
