Why AppHarvest Stock Is Up Today
AppHarvest is a farming start-up that hasn't been public for long, joining public markets in February via a merger with a special purpose acquisition company, or SPAC. The quarterly earnings report provided the company an opportunity to update investors on how the business is doing and update its outlook. Its flagship Morehead, Kentucky, facility produced 3.8 million pounds of tomatoes during the period, and AppHarvest said new projects at two other locations in Kentucky are on schedule and on budget.
