Shares of Genex Power (ASX:GNX) experienced a drop as much as 6.3% to A$0.150, which is their lowest level since September 13.

This downturn marks the company’s worst day since August 29.

The electric utilities firm reported a minor fire incident at its Bouldercombe Battery Project, although the fire has been contained and the site has been disconnected from the grid.

Genex Power (ASX:GNX) also stated that it’s coordinating with Tesla Motors Australia and Consolidated Power Projects to determine the cause of the mishap.

Despite the current setback, Genex Power shares have witnessed a rise of 18.5% this year as of the last closing price.

Genex Power (ASX:GNX) is an electric utilities company that deals with power generation projects.