{"id":4317,"date":"2026-05-12T20:15:08","date_gmt":"2026-05-12T20:15:08","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/greenlights-david-einhorn-pitches-five-turnaround-stocks-at-sohn-from-ai-to-infrastructure\/"},"modified":"2026-05-12T20:15:08","modified_gmt":"2026-05-12T20:15:08","slug":"greenlights-david-einhorn-pitches-five-turnaround-stocks-at-sohn-from-ai-to-infrastructure","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/greenlights-david-einhorn-pitches-five-turnaround-stocks-at-sohn-from-ai-to-infrastructure\/","title":{"rendered":"Greenlight\u2019s David Einhorn pitches five turnaround stocks at Sohn, from AI to infrastructure"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">David Einhorn laid out a bullish case for a group of out-of-favor companies at the Sohn Investment Conference on Tuesday, betting that operational turnarounds and artificial intelligence adoption could drive sharp a rebound in overlooked stocks. &#8220;We&#8217;re finding interesting investments where management is repositioning businesses towards more durable, more disciplined, more generative growth,&#8221; Einhorn said. &#8220;The value creation question is whether management can convert the strategic change into better visibility, better margins and eventually a better multiple.&#8221; The Greenlight Capital founder pitched five investment ideas in New York, focusing on companies he said are in a transitional period with catalysts for growth. Acadia Healthcare Among Greenlight&#8217;s top ideas was Acadia Healthcare , a leading operator of behavioral health hospitals and clinics in the U.S. Einhorn said the company&#8217;s newer facilities are underutilized and that the key to unlocking value will be raising occupancy rates and negotiating improved reimbursement terms with insurers. &#8220;Acadia needs to bring these recent openings to the target occupancy rates, back to 70 or 80%, and negotiate better reimbursement rates with managed payers,&#8221; he said. The hedge fund manager said a 10 times multiple could translate into share price around $56, or double the current share price. Centene Greenlight also highlighted Centene, arguing the health insurer could become a major beneficiary of AI by automating labor-intensive claims processing functions. &#8220;Artificial Intelligence is well suited to automate manually, repetitive functions. We think Centene could be a huge beneficiary of AI in this fashion,&#8221; he said. Einhorn said the company struggled in 2025 with rising medical costs that outpaced annual price adjustments, but he sees significant upside if margins normalize. Applying what he called a conservative valuation multiple of 10 to 12 times earnings, Einhorn said the stock could be worth between $85 and $102 per share, compared with about $56 currently. Fluor Industrial engineering and construction company Fluor was another featured idea. Einhorn said the company is now positioned to benefit from a U.S. capital spending boom tied to data centers, pharmaceuticals, manufacturing, LNG infrastructure, nuclear power and copper mining. &#8220;It has transformed itself after a near death experience, and is poised for success and revaluation,&#8221; he said. &#8220;Investors remain focused on the past,&#8221; he said, arguing the market underappreciates Fluor&#8217;s exposure to multiple potential &#8220;super cycles.&#8221; The investor said the shares could reach $115 within several years if the company completes its buyback program. Versant Media Einhorn also pitched Versant Media , saying the business remains relatively insulated from streaming competition because of its focus on news and live sports. While acknowledging the structural pressures from cord-cutting, he said Versant&#8217;s cash generation gives it flexibility to repurchase shares or pursue acquisitions outside traditional cable television. &#8220;There&#8217;s significant free cash flow for either share purchases or to grow the business through bolt-on acquisitions away from the cable TV business,&#8221; he said. Einhorn estimated Versant could generate free cash flow equal to more than 60% of its market capitalization over the next four years. Victoria&#8217;s Secret Rounding out the presentation was Victoria&#8217;s Secret, where Einhorn said the lingerie retailer&#8217;s margins remain pressured by tariffs but that revenue trends have stabilized. He forecast a larger profit margin recovery beginning in 2027 and said Victoria&#8217;s Secret could also benefit from potential tariff refunds. Greenlight believes Victoria&#8217;s Secret could climb into the low $80 range, representing roughly 74% upside from current levels. Disclosure: Versant Media is the parent company of CNBC.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>David Einhorn laid out a bullish case for a group of out-of-favor companies at the Sohn Investment Conference on Tuesday, betting that operational turnarounds and artificial intelligence adoption could drive sharp a rebound in overlooked stocks. &#8220;We&#8217;re finding interesting investments where management is repositioning businesses towards more durable, more disciplined, more generative growth,&#8221; Einhorn said. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[628,2580,3219,1666,3220,3221,238,2275],"class_list":["post-4317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-david","tag-einhorn","tag-greenlights","tag-infrastructure","tag-pitches","tag-sohn","tag-stocks","tag-turnaround"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4317"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4318"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}