In the previous year:
- Sales 16.7 TwHs --- 0.6TwHs from Source.
- Gross margins were $4.94/MwH. So 40% decrease in gross margins.
So there appears to be growth in Aus operations, however not at the rate shown in previous years. Should be growth in US operations.
So even if the 40% loss in gross margin was counted as a 40% drop in share price, that would put a price floor of 90c. That said, I don't know anything about power/accounting/anything at all, so would love to be educated if I have misinterpreted the results. This is just me reasoning through things hoping to stumble across a profit.
Better to be lucky than good.
EPW Price at posting:
84.0¢ Sentiment: Buy Disclosure: Not Held
