Rain or shine? Nelson Ng of RBC said " we see limited company specific catalysts going forward." So then assume the company, and in fact the whole industry, will be even more at the mercy of interest rate rises.
Don't know when the monetary tightening will end. Inflation is mixed together with job growth. Both these raise interest rates.
Bill Ackman and Larry Fink see US Treasury yields hitting 5%: 'Like literally weeks' (yahoo.com) Personally, I see a large worldwide demand for electricity coming. Renewable energy will be built not simply to meet the climate change agenda, but out of necessity.
Nuclear will be considered (for grid reliability) and mega dam construction is over.
An early Canadian example is BC, where a renewable energy call will take place next year to meet increased demand forecast from new industry. This in addition to the ongoing change from fossil fuels to electric.
In the meantime transmission line build-out should take priority. Provinces can't shoulder to burden on their own. I would not be surprised if Northland will get a bit into transmission. My guess is Alberta.
Warren Buffett is years ahead already. Money comes in rain or shine.