Summary: AppHarvest is a relatively new company operating indoor farms in Appalachia. However, it’s had some financial difficulties in recent years, and the AppHarvest stock is now traded over the counter since the company filed for bankruptcy in 2023. To invest in the agricultural industry, you might want to consider some safer alternatives on online investment platforms such as eToro.
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About AppHarvest
AppHarvest is an American food production company that specializes in managing indoor farms within the Appalachian region, more specifically, Kentucky. The company utilizes the state’s geographic location to minimize carbon emissions and make use of natural sunlight over LEDs for the hydroponic cultivation of plants.
The company attracted support from prominent individuals in the past, including Martha Stewart and J.D. Vance, who later went on to win a U.S. Senate seat in Ohio. Through a merger with the special purpose acquisition company Novus Capital Corp in 2020, AppHarvest went public. However, its stock value has experienced a substantial decline since, losing more than ninety-five percent of its value. As a result, AppHarvest filed for Chapter 11 bankruptcy in July 2023.
How to buy AppHarvest stock: Step-by-step
AppHarvest stock is traded over-the-counter (OTC) under the ticker APPHQ. However, if you’re worried about the stock’s performance, you can always invest in some of its alternatives, for example:
- Archer-Daniels-Midland (NYSE: ADM): An agricultural company processing and trading food ingredients, animal feeds, and biofuels. Its portfolio includes soybeans, corn, and wheat;
- Bunge (NYSE: BG): An agriculture company involved in oil, grain, and other commodities like sugar and ethanol. As such, its portfolio enjoys constant demand;
- Scotts Miracle-Gro (NYSE: SMG): A lawn care product company catering to individual consumers rather than large companies. It has faced some obstacles recently, but it remains the leader in its sector.
To invest in AppHarvest or any of its alternatives, you can follow these simple steps:
- Step 1: Choose a broker;
- Step 2: Register and fund your account;
- Step 3: Place your order;
- Step 4: Monitor your investment.
Step 1: Choose a broker
The easiest way to invest in AppHarvest or its alternatives is to open a trading account at an online investing platform. We recommend eToro, one of the major stock brokerage with millions of active users and trading features such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Register and fund your account
When you find a brokerage, you can create and verify your trading account. The registration often includes Know-Your-Customer (KYC) procedures and ID verification, so be prepared to wait for a few days.
Once your account is ready, you can transfer some funds to it. Common funding methods include:
- Bank transfers;
- Debit or credit cards;
- Third-party transaction services like PayPal.
Step 3: Place your order
Finally, it’s time to place an order and buy some shares. To do that, simply:
- Step 1: Log into your new trading account and the shares you want to buy. You can look them up by typing in the company’s name or the ticker symbol on your broker’s platform;
- Step 2: Specify the number of shares or the dollar amount you wish to buy;
- Step 3: Choose the order type (market order to buy shares immediately or limit order to set a specific price range for future purchases);
- Step 4: Review everything again and execute the order.
Step 4: Monitor your investment
To succeed, it’s crucial to actively manage your portfolio by regularly monitoring and assessing market trends and the performance of the stocks you invested in. That means staying informed about the company’s recent developments, financial performance, and strategic moves is essential.
To do that, you can track key indicators like revenue growth, earnings reports, and investor panels. This kind of approach will help you make informed decisions, enhance your management decisions, and allow you to effectively navigate the sector, facilitating the identification of new investment opportunities.
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Pros and cons of investing in AppHarvest
Pros
- Green investing: AppHarvest is all about sustainable and environmentally friendly agriculture. Investing in companies like that aligns with the growing interest in environmentally conscious investing;
- Specific niche: AppHarvest operates indoor farms, which is a highly niche sector.
Cons
- Uncertain investment: There’s no telling what the future holds for the AppHarvest stock in light of its poor performance;
- Performance risk: The company’s stock is at an all-time low, and it filed for bankruptcy in 2023;
- Competitive landscape: The broader agricultural industry is highly competitive.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about AppHarvest stock
Is AppHarvest delisted?
AppHarvest was traded on NASDAQ until 2023. Now, it’s traded over the counter.
What is the future of AppHarvest stock?
The future of AppHarvest is uncertain. The company has been facing some obstacles, and it’s even filed for bankruptcy.
What happened to my AppHarvest stock?
AppHarvest filed for Chapter 11 bankruptcy, so its common stock got canceled.
What are some AppHarvest alternatives?
Some AppHarvest alternatives include Archer-Daniels-Midland (NYSE: ADM), Bunge (NYSE: BG), and Scotts Miracle-Gro (NYSE: SMG).
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
