YB new stock pitches (Mon, Sep 22)

SKYX Platforms Corp. develops plug-and-play ceiling outlet technology that enables safe lighting installation without touching hazardous wires, with their SkyOutlet and SkyPlug system already approved in 10 segments of the National Electrical Code (NEC) and seeking mandatory safety standardization status potentially by 2026. The company has evolved from Gen-1 basic plug technology to Gen-2 smart features (voice control, scheduling, dimming) and is launching Gen-3 all-in-one platform by end-2025 integrating smoke detectors, speakers, WiFi extenders, and other smart home technologies, plus a SMART SkyFan & Heater product. SKYX has partnerships including a $3 billion Miami smart city project expecting 500,000+ units, hotel renovation deals (with hotels renovating every 3-7 years representing a $500+ million annual TAM), and a 5-year global licensing agreement with General Electric. The company trades with a $3.75 price target based on modest 1% new construction penetration assumptions, though mandatory NEC status could dramatically increase valuations to 9-10x higher levels, with the U.S. lighting market valued at $25 billion annually and potential addressable markets including 63 million new build units annually and 148 million existing housing units for retrofits. Key risks include continued unprofitability requiring potential dilutive capital raises, uncertainty around NEC mandatory designation (currently only 'permitted' not 'required'), limited measurable traction of proprietary technology adoption to date, and execution risks around a small management team, while the company ended Q2 2025 with $12.8 million cash and guidance to achieve cash flow positive status by end-2025.

Read the full article here. Read time: 42 min

Golar LNG Limited (GLNG), a premier floating liquified natural gas (FLNG) operator, is positioned for significant growth with three vessels expected to generate over $1 billion in annual EBITDA by 2030 (4x current run-rate), driven by fixed 20-year tolling contracts plus commodity price upside that provides downside protection while enabling participation in price spikes. The company's FLNG solution converts LNG ships into floating chemical plants that are cheaper, faster to deploy (3 years vs 4+ years for land-based terminals), and more cost-efficient than competitors like Cheniere, with shipping advantages to key European and Asian markets. Golar's current portfolio includes FLNG Hilli (generating ~$230m EBITDA, moving to $355m with new Argentina contract in 2027), FLNG Gimi (generating ~$151m EBITDA on 20-year BP contract), and FLNG Fuji under construction for 2027 delivery (~$470m EBITDA from Argentina contract), with management indicating high likelihood of 4th and 5th vessel announcements in 2025-26 given shipyard preparations and long-lead item orders. The stock trades at $40 versus estimated fair value of $100-150 by 2030, supported by strong management alignment (17% insider ownership), strategic acquisition interest from multiple parties, and potential for additional $1 billion EBITDA from pipeline expansion by 2035. Key risks include project delays, Argentina geopolitical instability despite RIGI protections and English law governance, LNG demand collapse, and potential take-private below fair value (management unwilling to sell below $60), though the company's mobile floating solution provides flexibility to redeploy vessels if conditions deteriorate.

Read the full article here. Read time: 20 min

DraftKings (DKNG), trading at a $21.2 billion market cap, faces a growing threat from prediction markets like Kalshi that are disrupting its duopoly with FanDuel by offering better odds, deeper liquidity, and broader accessibility (18+ nationwide vs. DKNG's 21+ in half the states). Kalshi demonstrated superior payouts in multiple examples, such as $170 vs. $157.50 for NY Giants bets and $158 vs. $147.50 for Panthers bets, while achieving approximately $1 billion in monthly volume compared to DraftKings' $48.1 billion annual sportsbook handle. The prediction market has experienced explosive growth with record-breaking 588,000 trades in a single day during NFL season, supported by partnerships with Robinhood and backing from prominent investors including Charles Schwab, Henry Kravis, and Citadel Securities' CEO. Most critically, Kalshi is expanding into DraftKings' highest-margin products by introducing prop bets and experimenting with parlays, which industry observers believe could fundamentally disrupt sportsbooks' profit engines by offering transparent pricing without player restrictions. Additionally, DraftKings faces mounting legal and regulatory scrutiny over its VIP programs that allegedly enable gambling addiction, with multiple lawsuits and proposed federal legislation threatening to ban such programs, while prediction markets operate without these promotional practices that incentivize losing bettors.

Read the full article here. Read time: 6 min