Greencoat Renewables

Small but high-quality acquisition

  • Sectors : Utilities
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 120c

  • RATING 24/08/17

  • PREVIOUS RATING N/A

DAVY VIEW

Greencoat continues to execute on the acquisition opportunity across multiple asset types. Letteragh is similar to several other small- to mid-sized acquisitions which Greencoat has completed in Ireland in recent years. While small (c.3% of expanded installed base), it adds another high-quality, recently commissioned and long-length contracted revenue asset to the portfolio. Ample headroom and an active pipeline suggest further assets will be added in due course.

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Feb 17 2020, 07:10 GMT

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