Q: its been in a nice uptrend. thoughts on whats driving it?
5i Research Answer:
VNP has seen strong fundamental growth, with sales growth above 40% and a few analyst upgrades. It operates in a space with a lot of structural tailwinds right now; semiconductors, solar, space/satellite tech. Its valuation is getting somewhat stretched at 37X forward earnings, but analyst estimates continue to rise and it is benefiting from the critical minerals theme.