Wednesday, February 13, 2013

Why Did Finavera Wind Energy's Stock Crash?

![](http://www.renewableenergyworld.com//assets/images/story/2013/2/13/body-why-did-finavera-wind-energys-stock-crash.jpg)

A month ago, I was convinced that Finavera Wind Energy's (TSX-V:FVR, OTC:FNVRF) stock was only temporarily trading at depressed levels in the low 20 cent range because investors were disappointed at the deal with Pattern Energy. Many shareholders had been hoping for an outright sale, and were selling into the thinly traded holiday markets. I predicted that Finavera stock would "quickly rebound to at least the C$0.30 range over the next few days or weeks, as liquidity returns to the market, and investors revalue the stock based on the agreement with Pattern." (My valuation based on the Pattern deal put the present value of a Finavera share at C$0.375, and its value at the end of 2014 at C$0.75.)

URL: http://www.renewableenergyworld.com/rea/news/article/2013/02/why-did-finavera-wind-energys-stock-crash?cmpid=rss

No comments:

Post a Comment