Volatile at the best of times but the market appears to have had a decisively negative response to the latest quarterly today. My instinct is that it relates to what Fluence are claiming is a ‘postponement’ of payment instalments for its San Quintin, Mexico, project.
I don’t have the expertise to understand the capital arrangements fully. Consequently I find it difficult to gauge the risk of non-payment and/or project collapse which would impact bottom line and undoubtedly delay or prevent profitability. Anyone have any ideas on what we are facing here?
What a shame it was closed out of the Strawman index only yesterday :(
Still, rules are rules!
(A stock is added to the Strawman Index when it ranks in the top 15, and is sold when it drops out of the top 20)
Go you good thing!
A nice move up today -- let's hope it lasts.
Shares now about my estimate of fair value (see forecasts page)