These stocks are burning cash fast and might need to raise capital soon, Goldman Sachs flags

Equity strategists at Goldman Sachs GS point out the cost of money is no longer next to nothing. The weighted average cost of capital for U.S. companies has gone from near the lowest level in history to 6%, the highest level in a decade.

With... Equity strategists at Goldman Sachs GS point out the cost of money is no longer next to nothing. The weighted average cost of capital for U.S. companies has gone from near the lowest level in history to 6%, the highest level in a decade. With rates these high, the strategists put together a list of companies with high ­­cash burn rates and also lofty valuations, all of which are losing money, as they advised investors to avoid unprofitable long-duration equities. The lists includes electric vehicle makers Lordstown Motors RIDE and Nikola NKLA .

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