The Runway is Clear Love the way leadership swallowed all the legacy issue write-downs this Q and effectively removed the overhang from future Qs.
With the headcount trim and workshare program in Germany we will have a few points added to the overall operating ratios moving forward.
This company grew so quickly through previous M&A that they were over slightly over their skis. The current Q was a hard readout but a good one for longer term experienced traders that understand the ebb and flow of developing a renewable energy powerhouse.
The terms strategic was used a number of times and I believe this to be a nod to incremental orders being lined up once validation of existing units are delivered - on spec and on time.
The buying opportunity that presented itself last week enabled me to rebuild my entire position ++.
In 4 short months Jim and the leadership bench have added transparency and clarity to the strategy they have laid out. With the legislative milestones just passed - and the ones on deck domestically, XBC will have tremendous appeal for customers/partners across all channels.
Let the news drop.