Also personally very bullish on renewables at the moment. I started looking for a suitable renewable generator to invest in at the 0.5 mark as well. Glad I picked IFN. They have shaken off some of the negative debt in 2017 and are producing good cash flow. If we see further strain on the network in the next few months or years their generating assets (batteries and gas) will be able to step in and when the opportunity presents take the higher price. Hitting this new high today is a good sign. I'd expect some resistance around the .87 mark.
Personally it is nice from a "good feeling" perspective knowing I am investing in a progressive company which aligns with my ideas around how utilities should be operating - Coal Free!
IFN Price at posting:
80.5¢ Sentiment: Hold Disclosure: Held
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