Not necessarily.
Utilities are the biggest sector by far. Renewal and payment delays are well known.
Existing customers renewing and growing spend could just as easily refer to other sectors.
So you have customers in some sectors renewing and growing spend while the utilities sector for whatever reason is dragging its feet. What happens when the various sectors come into synch?
Entergy HAVE renewed and committed to increased spend for the next ten years. But the 'deal' has only just been done and we're unlikely to see material cash drop for at least a quarter or two. Also bearing in mind, renewals and immediate invoices to the tune of $2.7M didn't quite make it into the Q. But it's there now.
So a little disingenuous to say these things aren't happening - or haven't - when clearly they are and have.
Understand many are unhappy. Not wildly joyous myself. But someone's hoovering up all these shares. Volumes suggest it isn't solely retail.
I know, stuck record, but that's just how I see it. Time will tell who's right and who's wrong.
IMHO.
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Price($) | Vol. | No. |
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