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Jan 30 2025, 14:58 GMT
Greencoat Renewables
Impressively resilient performance
- Sectors : Renewable Infrastructure
- Companies : Greencoat Renewables
DAVY VIEW
Greencoat Renewables (Greencoat) has delivered slight NAV per share growth in Q4 despite generation being 15% behind budget. We expect this to be one of the stand-outs within the sector and we also note how inconsistent it is with the de-rating the shares experienced in the same period. The stock is now trading at an attractive 0.71x price/NAV with an 8.6% dividend yield.
