Greencoat Renewables

2018 performance already understood; active pipeline prompts capital raise

  • Sectors : Utilities
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 109c

  • RATING 24/08/17

  • PREVIOUS RATING N/A

DAVY VIEW

Greencoat’s 2018 results confirm that net asset value (NAV) accelerated in Q4 (even excluding the impact of extending the useful asset life assumption). Total NAV uplift for the year was 6.8c (0.8c in organic terms) after paying dividends of 6c/share. It has also announced that it is involved in a number of attractive acquisition processes totalling more than 250MW. It now intends to issue an additional 100m shares at 105.5c/share.

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Mar 4 2019, 07:40 GMT

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