Ann: Fluence to build US$8.4m Build-Own-Operate Plant in Peru, page-23

You make some excellent points. This BOOT model is where the real money is. One small plant (10 niros) can generate 5 mill a year with next to no capital injection from cashflows. You would expect them to have dozens of these over the next few years. Some much larger. I think instos are on the sidelines here as the market has become to risky now to tie up capital in a growth stock. Chances are they can buy Fluence shares much cheaper in the event of a market meltdown. Also the main factor is that is the share price looks like its been held down for at least 12 months. Constant reload sells. Any sign of it moving north and its smacked back down. This has caused huge uncertainty from potential investors. The story is good but the trading activity the last year or two looks very suss, which is scaring off potential investors.