GLJ Research


We identify unique value opportunities across of a broad range of industries and sectors, providing in-depth coverage of companies in fields as diverse as steel, iron ore, electric vehicles, solar energy, lithium ion production, cannabis and much more.

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GLJ Research


Making both long and short recommendations, GLJ targets relatively unresearched businesses in its quest to help investors add alpha.

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GLJ Research


Our analysts utilize intelligence from an extensive network of contacts in the United States, China and globally, modeling out company financials along different vectors than analysts that rely on company executives and other traditional sources.

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Who We Are

GLJ Research, LLC is a differentiated research boutique committed to identifying unique investment opportunities across a variety of sectors. GLJ makes both long and short recommendations with acute care to each of our institutional clients’ needs, providing insight into relatively unresearched stocks to help investors find alpha. Currently, GLJ Research covers 14 stocks in the solar, bulk commodity, rail, electric car, Li-Ion, and Cannabis sectors. Our aim, in short, at GLJ Research is to provide unbiased deep-value analysis, enabling us to be the best in each sector we cover.

GLJ Research, LLC thus far has established a reputation for unique short ideas, as well as select long calls where applicable. Furthermore, through mentoring, GLJ Research intends on developing home-grown/talented analysts focused on providing truly unique/value-added analysis to our institutional clients.

For further information, please contact gordon@glj-research.com or
james@glj-research.com.

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January 25, 2023

Solar Pricing Update (Week of 1/25/23) – Poly-Si + Wafer + Cell Prices Muted Due to CNY; Module Prices, However, Fall

By Gordon L. Johnson II

Commentary from 1/25/23 – PVInsights. “Depressed international solar modules, muted China silicon materials during Lunar New Year holiday January 25, 2023. Polysilicon was roughly flat on Wednesday as the market in China stayed mute amid…

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January 25, 2023

Q4 Preview – TSLA’s 1Q23E Guidance is the Real “Main Attraction” Given the Company’s Jan. 2023 Midnight Massacre Price Cuts

By Gordon L. Johnson II

Why Do We Say the 1Q23 Guide is What Matters? When looking at the period from 4Q22-to-1Q23, the avg. price decline, thus far, is: (a) -13.3% for the USA, (b) -10.5% for Europe, and (c)…

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January 23, 2023

Nov. California Solar Initiative Insights Into U.S. Battery Storage Trends + 2022 U.S. Solar Imports/Installs Update + State of China Solar Demand

By Gordon L. Johnson II

Solar Weekly Update – Focus on Nov. Battery Storage Data/China Demand Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 3-4), segmented by Chinese and global prices, tracked each Wednesday…

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January 23, 2023

Following a Full Model Revamp, CSIQ’s Forward Earnings Appear Set to Be Rerated Lower for New Environment; PT Lower to $12.22/shr

By Gordon L. Johnson II

2022 Was a Good Year for Canadian Solar; 2023E Appears Set to be the Exact Opposite. In its most recent quarter, CSIQ reported rev/GAAP-EPS of $1.93B/$1.12 vs. Cons’ ests. of $1.86B/$0.30 (a material beat, at…

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Our Leadership

Gordon Johnson CEO/Founder
Alt Energy, Metals-Mining & Rails, EVs, & Cannabis
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James A. Bardowski CFA, Chief Investment Officer and Managing Director
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GLJ Research in the Media:

Steel prices are tumbling as a result of China’s suppressed construction sector, while North American steel producers are seeing impressive earnings. Gordon Johnson, CEO of GLJ Research joins BNN Bloomberg to discuss opportunities in this market and the benefits of utilizing uranium for nuclear power.

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Gordon Johnson, CEO, and Founder of GLJ Research joins Zer0es TV to explain the deep connection between the construction and real estate bubble in China, and commodities like coal, iron ore, and steel.

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Uranium prices are soaring as more investors pile into the Sprott Physical Uranium Trust ETF putting pressure on a sector with tight supply. Gordon Johnson, CEO of GLJ Research, joins BNN Bloomberg for his outlook on it all and why he thinks the rally is sustainable.

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Gordon Johnson, GLJ Research CEO and Founder, discusses value vs. growth rotation, yields and inflation. He speaks with Alix Steel and Guy Johnson on “Bloomberg Markets.”

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Gordon Johnson, CEO of GLJ Research, explains why the aggressive fiscal stimulus is driving many commodities higher – including steel – and expects U.S. Steel and Cleveland-Cliffs to be “real winners” of the bull run.

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GLJ Research Chief Executive Officer Gordon Johnson, discusses Tesla shares which are slumping after not being added to the S&P 500. He speaks with Alix Steel and Guy Johnson on “Bloomberg Markets.”

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Gordon Johnson, CEO and founder of GLJ Research joins BNN Bloomberg with his thoughts on Tesla after the company was denied entrance in the S&P 500 index.

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Gordon Johnson reviews Tesla CEO Elon Musk’s claims that 200K orders for the new Cybertruck have been placed, in possible violation of his deal with the SEC.

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Gordon Johnson of GLJ Research discusses the closing of the US-China tariff loophole and how this move will affect solar panel imports and prices.

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After disappointing fourth quarter revenues, Gordon Johnson of GLJ Research doubles down on bearish predictions that Hexo Corp cannabis earnings will decline in 2020.

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One of Tesla’s biggest bears, Gordon Johnson of The Vertical Research Group, lays out what he thinks the Street is missing.

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Gordon Johnson, Vertical Group analyst, explains why he is shorting Tesla Inc. shares.

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Gordon Johnson talks with Bloomberg’s Alix Steel about metal prices, the iron-ore supply chain and his positioning in the group.

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Gordon Johnson, Vertical Group, discusses his firm downgrading US Steel to a ‘sell’ rating since President Trump announced imposed tariffs on steel and aluminum.

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Steel industry insiders say Wall Street needs to dial back its expectations over Section 232 steel import action, explains Gordon Johnson of Axiom Capital.

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Gordon Johnson, discusses his outlook on iron ore and metallurgical coal prices and how they are impacted by a shifting economy in China.

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