New Energy Solar stock tumbled on Friday after being hit by pandemic-induced turbulence in the energy markets, which has seen electricity prices crash.
The renewable investment fund reported a half-year net loss after tax of $55.6 million, which included a $63.2 million asset write-down relating to lower electricity prices it flagged earlier this month.
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
