Greencoat Renewables

Strategic evolution to the fore

  • Sectors : Renewables
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 118c

  • RATING 24/08/17



Greencoat Renewables (GRP) continues to make good strategic progress. The platform has now been scaled to a more established level (gross asset value (GAV) almost €1.5bn), with a congruent expansion in the company’s opportunity and optionality. As the fundamental sector backdrop also improves, there are several growth and value-enhancement drivers to consider. Combined, we believe the medium-term net asset value (NAV) environment is improving for GRP, meaning it can sustain its consistent (and uncorrelated) market outperformance. We reiterate our ‘Outperform’ recommendation.

Download full report with analyst certification and important disclosures

Sep 20 2021, 06:30 IST/BST