Comstock (LODE)
Coordinates solar-panel decommissioning and recycles retired panels into recovered materials.
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Provides utility-scale solar-panel decommissioning and recycling services, earning fees for handling panels and sales of recovered materials. Its listed parent is centered on a Nevada recycling buildout, while Bioleum and other assets sit in separately governed or strategic investments.
Operates through Comstock Metals, coordinating panel removal, transport, packaging, storage, destruction, and recycling for utility-scale solar owners, manufacturers, engineering and construction firms, and recycling aggregators. It earns decommissioning and recycling fees and sells recovered aluminum, copper, glass, and silver-bearing concentrates.
Works primarily in Nevada and the U.S. Southwest, with a potential later location in Ohio. The first industry-scale Silver Springs line remained in commissioning in July, and further lines depend on its effective ramp-up. Bioleum and other holdings are strategic investments, while the sale of legacy mining entities remained subject to regulatory clearance.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $31.4M · Total debt $32.8M · Total assets $193.5M · Shareholders' equity $137.3M
- Revenue
- $272.8K
- Operating income
- −$26.9M
- Net income
- −$25.5M
No dividends on record.
| Institutions | ≈ 57.27% | 43.52M shares | |
|---|---|---|---|
| 117 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 42.73% | 32.47M shares | |
| remainder | |||
75.99M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (75.99M in the company's Sep 22, 2026 report, 37.00M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hood River Capital Management LLCInstitution | 8.81% | 6.69M | as of Jun 30, 2026 |
Mak Capital One LLCInstitution | 6.83% | 5.19M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.57% | 4.23M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.31% | 3.28M | as of Jun 30, 2026 |
Northern Right Capital Management, L.P.Institution | 2.96% | 2.25M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Envela
U.S. PV recycling and logistics for utility-scale solar assets.
- First Solar
Utility-scale module collection and recycling, principally for CdTe panels.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Comstock | $2.72 | +3.82% | $96.9M | — | — | 95.5 | −19.7% |
| Envela | $13.09 | +1.08% | $336.2M | 15.1 | 24.0 | 1.1 | +3.5% |
| First Solar | $200.59 | +0.38% | $21.48B | 12.3 | 9.4 | 4.0 | −3.7% |
| Median | 13.7 | 16.7 | 2.6 | −0.1% |