In the medium to long term share price always follows business performance.
If in 2 years FGE still has $2B pipeline, and is generating profits of $75M+, subject to markrt conditions there's a reasoable chance share price will be higher.
My thoughts, right or wrong, is perceived contract risk (40% pipeline one contract) with lack of material contracts apart from that. Think about this: FGE purchased $300M+ contracts in the USA, won $800M Roy Hill. Take these 2 away and pipeline has fallen.
Yes, they are there. But the market wants to see more, and diversified risk, well so I believe.
Mjs
FGE Price at posting:
$4.60 Sentiment: Hold Disclosure: Held
