playing out as expected. Higher interest rates in US make a lot of green projects unviable…unless rate cuts happen and that too dramatically, difficult to see Bloom getting bigger projects and by that extension MTAR getting orders in this category. In addition, Nov elections in US would be another overhang for Bloom’s customers…Trump win can potentially lead to scrapping of some of the green policies and subsides announced by Biden administration. On the domestic side, Nuclear and Space orders are just not coming in at the required run rate for it to offset some of the negative impact of missing bloom orders
Disclaimer: Invested
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