IFN 0.00% 56.0¢ infigen energy

WTF was with the massive dump yesterday?, page-12

  1. 1,214 Posts.
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    It's not usually an effective way as you need to maintain that price for a number of months.

    The problem with this stock is it has some of the least efficient wind turbines in the nation, vulnerable to falling LGC prices, large debt and new generation is coming online. (6.5 solar panels per minute) Some of the wind turbines in Victoria are achieving capacity factors of 50%.

    I was thinking the Labor government that is about to come into power would be a positive point for IFN but I'm starting to change my view as the wind correlation effect is going to hurt IFN even more.

    Changing my sell sentiment to hold as the price has come down quite a bit.

    IFN will likely make very little money from 9am to 3pm with the amount of solar that is coming online.
    Victoria will likely be adding another few hundred thousand rooftops to this soon.
 
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