Covid19 and the macro environment could work in Fluence's favour.... or could rain on the parade. I'm seeing rain right now.
EM markets and their future limited access to $USD / liquidity in US credit markets (not good)....
the risk on play of US big tech's consumers worldwide vs the global facing company that is reliant on hard-pressed foreign governments for chunky contracts (can't afford to win too many ivory coasts).
Hard to escape trade tensions between China and US and then negative talk of trade barriers going up in Beijing.
More political instability in EM... hard to see this not being a worse world for FLC to operate in.
Rising $USD is going to hurt. Already bone crushing for EM at 97 cents *DXY.
Imagine FLC being a water "miner", we know the price of Gold but not the price of Water . We know its valuable and important. But it doesn't excite analysts like the gold price. Many of their projects are now in EM with EM instability and then we pay Henry's salary in $USD.
just some points... sorry for stream of consciousness.
FLC Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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