Infigen Energy – Year to Date Production Increased by 4%

Infigen Energy (ASX: IFN) announced its monthly production (as at June 2018) entailing total production of 114 GWh against the prior corresponding period production of 73 GWh, marking a growth of 56 per cent on pcp basis. Moreover, the year to date FY18 production increased by 4% to 1,549 GWh on pcp basis. According to the release, Capital wind farm, Lake Bonney 1 wind farm, Lake Bonney 2 wind farm assets outperformed and gained uplift of 113%, 129% and 100%, respectively on pcp basis. While Alinta wind farm asset de-grew by 33% to 16 GWh from 24 GWh.

Despite positive YTD result, the share price has fallen 2.9 per cent before market close on July 09, 2018 and recorded market capitalization of $653.53 Mn. In last three months, the stock has risen 15%, as at July 06, 2018. The group has developed many renewable energy generation assets but is yet to prove resilient on managing debt and returns.


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