** Shares of ASX-listed Frontier Energy fall as much as 55% to A$0.099, their biggest intraday pct loss since early-Jan 2017
** Stock hits its lowest level since June 17, 2020
** The renewable energy co says its Waroona project failed to receive reserve capacity credits $(RCC)$ from the Australian energy market operator
** RCCs are certifications for power projects given on its ability to provide a certain amount of energy to the grid
** Adds this was due to significant reserve capacity surplus, terminates debt agreement with Infradebt as it was subject to RCC's allocation
** However, co says it has identified alternative funding solutions, including bonds
** Over 10 mln shares traded, 13.2x the 30-day avg volume
** Stock down 39.7% YTD, as of last close
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。