Infigen Energy Ltd released production update for the July month 2018

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Infigen energy ltd - Kalkine Media

Production for the July month 2018: Infigen Energy Ltd (ASX: IFN), provider of energy solutions to Australian businesses and large retailers, saw its stock rising 2.98% on August 10, 2018, before market close, after the company’s production for the month of July 2018 rose 8% to 170 GWh compared to the corresponding month last year. In the fourth quarter of 2018, the company’s production had increased 36% to 345 GWh.

On the other hand, IFN has generated first power from its 113.2-MW Bodangora wind farm in New South Wales and delivered the electricity to the national wholesale market. This wind park after being fully commissioned, will be able to generate enough electricity for up to 49,000 households each year. GE will service its turbines under a long-term maintenance and service contract. Meanwhile, IFN stock has fallen 22.97% in three months as on August 09, 2018  and is trading at a P/E of 14.25x.

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Kunal Sawhney
Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of Technology, Sydney. He has an extensive expertise in quantitative and qualitative stock selection practices, and he proficiently navigates on equity related matters while enabling them achieve success in complex market conditions. Kunal features as a guest speaker at various equity research platforms and news channels on a regular basis, sharing his valuable insights on the subject. His firm provides holistic view of stock investment recommendations to retail investors with respect to financial performance, strategy, and industry catalysts. The firm looks for stocks that are out of favour with the market and a combination of tangible and intangible aspects is used for stock picking with a great focus on income and growth portfolios. Kunal is featured regularly on Sky Business, CNBC and Australian Financial Review

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