SunOpta is a Best Idea Long. As a leading supplier of plant-based milk the company's growth engine is the underlying secular growth in demand for the category. Within the growth of plant-based milk, oat milk is gaining share. With oat milk's clean label, simple ingredients, superior mixing in coffee, and broadly appealing taste profile we expect it to be the #1 plant-based milk. SunOpta produces a variety of plant-based milk products, but oat milk's supply constraints and growing demand provide capacity investment opportunities.
Last week SunOpta hosted its first analyst day. Management laid out the following clear financial targets for 2023 and 2025:
We will examine the drivers, outline where the risks and opportunities are, and handicap various outcomes. We will make our case for why the shares can double from here.
Our investment themes are:
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CLICK HERE at the time of the event for the live webcast and materials. Click Here to add to your Outlook calendar. |
