Stocks Down Under 11 September 2020: NextDC, Red 5, Atomo Diagnostics, AMP Limited Update

NextDC: Growth at too high a cost

NextDC is Australia’s leading data centre operator with nine data centres between Brisbane, Canberra, Sydney, Melbourne and Perth. One of the more unique aspects of NextDC’s data centres is its partnership with Qantas Future Planet, which allows its data centres to achieve 100% net carbon neutrally, through a combination of solar panels. When combined with consistent, high-level EBITDA growth, we believe NextDC is really in a league of its own. However, the company’s stock price is a classic example of a great company getting ahead of itself, in our view.

Also in today's edition, a look at gold miner Red 5, diagnostic testing developer Atomo Diagnostics, and an update on investment manger AMP Limited.

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