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.

See our Research

GLJ Research


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

See our Research

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.

See our Research

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 [email protected] or
[email protected].

Read More >>

October 2, 2024

GLJ Solar Weekly – August 2024 California Solar Initiative “Data Dump” – Is Tesla Taking Storage Share Away from Enphase?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate, segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China were not…

Read More >>

September 30, 2024

Has the Decision by China’s State Grid Company to Cut the Avg. Price it Pays for Solar Power to ~0.15 Yuan/kWh, from ~0.39 Yuan/kWh in 2023, Put Global Solar Demand at Risk? What’s up w/ U.S./Europe Solar Demand?

By Gordon L. Johnson II

On Sep. 23rd, China’s National Energy Administration (“NEA”) Released Data on Chinese Solar Installs Through Aug. 2024. In what follows, we provide an update on the state of the world’s most important solar market, China….

Read More >>

September 26, 2024

GLJ Solar Weekly – What Does Yesterday’s US Energy Information Administration (“EIA”) Solar Installation Update Mean for the US Solar Market in 2024E, How is US Solar Demand Trending in Aug./Sep., & Did SMA Solar Really Say That?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 2-3), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…

Read More >>

September 24, 2024

We See Tesla’s Q3 Deliveries Coming in Below Consensus’ 461.5K Est. & the Buyside’s >470K “Whispher”; Our Work Points to 456.6K in Q3, Up +2.9% QoQ

By Gordon L. Johnson II

Things Would Be Even Worse Without TSLA’s 1.99% 6yr APR Financing Offer in U.S./Canada. Based on the latest China data from early this morning (discussed below), updates from the 6 countries that report daily sales…

Read More >>
View All Reports

Our Leadership

Gordon Johnson CEO/Founder
Alt Energy, Metals-Mining & Rails, EVs, & Cannabis
Read Bio >>
Gleb Kruchinin Managing Director – Client Relations
Read Bio >>
James A. Bardowski CFA, Chief Investment Officer and Managing Director
Read Bio >>

GLJ Research in the Media:

Would Elon Musk’s pay package being approved actually be a positive for bears?

Watch the video here.

The bond market will demand higher yields to compensate for future inflation

Watch the video here.

Interest rates are going to go significantly higher this year, says GLJ CEO Gordon Johnson

Watch the video here.

The Rooftop Solar Industry Could Be on the Verge of Collapse

Read the article here.

Tesla bear Gordon Johnson, GLJ Research, says the latest earnings supports his PT slash to $23.53 and that plans for a cheaper EV won’t help

Watch the video here.

Teslas are unreliable, unsafe, don’t have mileage and consumers are moving away

Watch the video here.

Gordon Johnson on why he’s investing in Cameco and shorting Sunrun

Watch the video here.

Musk ‘sticking middle finger up’ at the law is why he wasn’t invited to White House

Watch the video here.

Two equity strategists discuss how to invest in stocks within a higher-for-longer environment

Watch the video here.

Tesla bear: Production drop is from demand issues

Watch the video here.

Gordon Johnson makes the bull case for Cameco

Watch the video here.

Gordon Johnson thinks uranium rally is just sparking up

Watch the video here.

Has China Reached the point that additional stimulus is simply not coming?

Watch the video here.

GLJ Discusses what to Expect at Jackson Hole

Watch the video here.

The U.S. does Not Dictate Steel Prices; China Does

Watch the video here.

The bull and bear case for Tesla ahead of earnings

Watch the video here.

Binance could be ‘effectively tricking’ people into buying crypto, says founder of GLJ Research

Watch the video here.

See @GLJ_Research’s interview with @realMeetKevin discussing the Fed, TSLA, ENPH, solar, recession, nuclear, FSD, F, GM, EVs, US/China macro, @SecYellen, SVB, banking, and more!

Watch the video here.

Was Elon Musk’s promise on robotaxis a big mistruth?

Watch the video here.

Watch the video here.

Detailed math on why Tesla’s 1Q23E EPS could miss… by a lot.

Read the article here.

GLJ’s CEO discusses current state of affairs at Tesla, and what to expect in 2023.

Watch the video here.

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.

Watch the video here.

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.

Watch the video here.

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.

Watch the video here.

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.”

Watch the video here.

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.

Watch the video here.

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.”

Watch the video here.

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.

Watch the video here.

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.

Watch the video here.

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.

Watch the video here.

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

Watch the video here.

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

Watch the video here.

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

Watch the video here.

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

Watch the video here.

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

Watch the video here.

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

Watch the video here.

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

Watch the video here.