Production increase but revenue not much different for PCP. This probably reflects the lower spot pricing for LGCs and more competing renewables coming online. The non-asset production is a winner and Bodangora has helped lift production so that has offset what would have been a worse result.
The battery will make a difference pretty soon and provide more high price selling opportunities. Also Bodangora was not fully operational for a good chunk of the quarter so next quarter should see a bigger improvement for the PCP.
All IMHO.
IFN Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held