A large number of industries in US (including Green energy) are facing the effects of sky high interest rates. Incremental spending has simply collapsed to only essentials… Unless the interest rates start easing in US, there wont be any major movement on new Clean Energy projects which means Bloom’s order book will be weak which results into a weaker order book for MTAR. Besides that another near term uncertainty will be US elections…If Trump wins, will he set aside Biden policies promoting green energy? That may also impact clean energy spend.
Just my 2 cents. MTAR will need a lot of patience
Disclaimer: Invested
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