A late-power notice in New Mexico hit a loan banks already struggled to sell. Inside the ~$18 billion syndicate quoted near 90 cents, the reported 9% construction rent, and a November permit deadline.
This is a great illustration of how the behind-the-meter strategy helps speed-to-power but doesn't solve everything. It hit Bloom's stock price for a day, but then it bounced back - and then some. Have you seen other examples where permitting has frustrated BTM? How does that compare to the grid/transmission delays it is meant to avoid?
This is a great illustration of how the behind-the-meter strategy helps speed-to-power but doesn't solve everything. It hit Bloom's stock price for a day, but then it bounced back - and then some. Have you seen other examples where permitting has frustrated BTM? How does that compare to the grid/transmission delays it is meant to avoid?
It hit Bloomās stock too - for a day. Announcements have outsized impact in a market where the narrative is stretched this thin.