RE:RE:RE:RE:Free Fall More accurately, interest rate increases will not impact earnings as the projects have long term financing. Interest rate increases will impact future growth, especiallly for projects that have an existing PPA but have not secured finance (unless management was wise enough to enter into an interest rate hedge). Projects without a PPA will now need a higher PPA price to be viable but will be competing against other projects in the same situation. As long as the market for renewable energy continues to grow and PPA prices adjust to reflect market fundamentals (ie. prices rise), future growth opportunities will be there.
On the share price side of things, In this interest rate environment, INE and similar stocks will face selling pressure due to dividend investors fleeing for high interest and low risk investments as well as households liquidating investments to cover rising mortgage costs and inflation, not to mention job uncertainty as the central banks continue to drive us towards a recession.
Tayson