Nov. 7 at 9:42 PM
$XIFR Alright, exciting week here. This has bounced between 7.5 and 11.5 per share after the big reveal that financing with cepfs was unsustainable. Wind variance is always available from NEE earnings a week before, if they show less than 95% for the quarter I trim XIFR and get back in later since it’s going to make earnings appear worse. (1% costs them 4 million in lost earnings, NEE reported 90% wind generation factor which is exactly what XIFR reported, or
$40 million shortfall) Profitability will come with better PPAs and lower coupons. They are sticking to the plan, they will make money but it’s going to feel excruciatingly slow. Only unknown is the settlement costs from ongoing litigation. I hold but trade a portion in and out often, knowing I would be ok being stuck with it if it takes another precipitous fall.
