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Alphabet (GOOGL) Could Be 30% Below Fair Value On Mitti Labs Carbon Credit Deal
Alphabet (GOOGL) is back in the sustainability spotlight after climate tech firm Mitti Labs announced a five year deal to deliver 1 million high integrity carbon credits tied to rice farming in India.
Alphabet’s share price has drifted lower over the past quarter, with a 90 day share price return of 5.89% in the red, even as news has been dominated by heavy AI infrastructure spending, Gemini product launches and large clean energy deals such as the new Finnish nuclear and geothermal...