- Citron Research has issued a short bearish report on Voxeljet (VJET -16.5%) in which the 3D printer vendor is called "a total [expletive] joke." The firm notes Voxeljet sold only three printers in Q3, and that the deals were enabled by loans and other incentives.
- Citron also points out insiders sold 1.875M shares through last month's IPO, and netted just $12.09/share (~75% below Voxeljet's current price).
- The firm's conclusion: "VJET is the winner in Wall Street’s race to the bottom. It’s not even a company, it’s just a hobby."
- Though Voxeljet is the biggest decliner, other 3D printing plays are staring at big losses for the second straight day: DDD -6.4%. SSYS -4.3%. XONE -7.6%. PRLB -6.2%. Valuations might be weighing on the minds of some investors: 3D Systems and Stratasys still respectively trade at 56x and 47x 2014E EPS.
- Yesterday: 3D printing, solar stocks reverse course