IFN should be building windfarms with its ears pinned back, instead of gasping its breath to recover from the painful but necessary refinancing.
Rivals are eating its lunch.
Yes, Bodangora is underway and set to start generating in August, but this is an insufficient response to the opportunity before it. Onshore wind is the cheapest form of electricity generation and stands to gain the most from adding battery options to its dispatch.
Assembling capital for construction is hard. It is equally hard for every player. Opportunity and revenues will go to those who actually build and control the next generation of turbines. IFN needs to be that player. It needs to make its own luck.
Ash
IFN Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
