Q: Hi there,
I’m a long term holder of NPI, of course it’s been very weak along with the renewable sector. Last several days it’s showing some life.
Is it just general movement with rest of the utilities in anticipation of lower interest rates or is there something else? Longer term HOLD ie. +3-5 years (also own CPX).
Thanks a lot!
I’m a long term holder of NPI, of course it’s been very weak along with the renewable sector. Last several days it’s showing some life.
Is it just general movement with rest of the utilities in anticipation of lower interest rates or is there something else? Longer term HOLD ie. +3-5 years (also own CPX).
Thanks a lot!
5i Research Answer:
Utilities have caught a nice bid with the fully-expected continued drop in interest rates. Nothing specific is occurring, but some positive momentum should continue from prior depressed levels, we think.