Seems to bit some short term SP volatility due to LGC prices. Cal 19 are down ~25% in a week. It's believed to be due to the thin trading spread of the certificates opposed to the idea that we will easily meet the 2020 target.
Experts believe the target looks to be meet if the current rate of projects continue. However these mostly are all by the way of "off takes". With most of the power retailers renewable qoutas close to being met and the uncertainty post 2020 I am still confident the price of LGCs will slowly continue upwards toward the cap of $93.
There's a lot of uncertainty and that's what's weighing on the SP along with lack of news (new projects/refinance)
I expect to hear more from IFN in the next 2-3months.
I'm happy to hold my position as I feel the company is well placed in the industry with a good management team and strong cash flow
DYOR
IFN Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
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