It is disappointing that Inox hasn't yet met their obligation on the supply contract, but one would expect that to be a priority for them as they grew profits 77% in the last quarter.
To do that again, they will need to start installations..
Google this headline: Inox Wind Q4 Net jumps over 77% to 209 crore
"Sales for the quarter were 328 MW and the full-year sales were 826 MW. The company achieved its highest ever annual installations by commissioning projects with a cumulative capacity of 786 MW during FY 2015-16."
I'm thinking that this is just the "pause that refreshes" before heading higher.
The question is whether it will meet hard resistance at the 50 Month MA @ $18.00, or drive higher (based upon the monthly bollinger band pinch) to $24 or so?
We have earnings coming up.. and a lot of pokers in the (India) fire, to include potential US Navy contracts.
And there is ALWAYS the potential of a Sinovel settlement as icing on the cake. But I wouldn't count on more than $100 Million + orders to provide upgrades and maintenance on the equipment already sold to them by AMSC.
But still.. it would only increase the value of this company, which based on the Indian contracts alone should be higher than this.