The stock is off 87% from its high in April 2022. …It’s Maryland-based Enviva, the world’s largest wood pellet manufacturer that supports more than 1,800 jobs in mostly rural North Carolina at its four wood pellet production plants and Port of Wilmington facility. The company, which supplies European and Asian utilities with wood pellets as an alternative to burning dirty coal, has long been a target for environmentalists. …But the company’s recent financial meltdown appears to be related to operational issues, not slumping demand for its product. Thomas Meth, Enviva’s president and CEO, on May 3 said the company is facing several challenges, including high contract labor prices and maintenance and operational woes at some of its plants. …The announcement of the poor first quarter, and especially the plan to stop paying dividends, sent Enviva’s stock plummeting. “We still see much to like in the business,” stated a research note from Raymond James.