NEW debt to assets is about 45% which is below their max target of 50%. If for example you compare to Transubran, we are below their ration which is just above 50%.
NEW has another positive factor for their financial performance, that majority of their assets are in US and so are their profits in US$ (US$ ratio to A$ is also going up)
IMO, growing awareness of solar farms business potential and also growing attention to environmental impact will attract some serious interest in NEW.
NEW Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
