Greencoat Renewables

Sell-side briefing a reminder of attractive investment opportunity

  • Sectors : Energy Transition
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 108c

  • RATING 24/08/17



We hosted a Greencoat Renewables (GRP) sell-side briefing today (March 16th). Our key takeaway was that its pure play European scale and breadth, alongside its proven returns track record, mean GRP is increasingly a unique investment proposition. It looks set to play a key role in the provision of the long-term renewable infrastructure capital required to fund a doubling of the European renewables market to €1 trillion by 2030. When considered alongside current portfolio returns of 9% (the returns opportunity is even higher today for shareholders given the stock is trading at a discount to net asset value), we believe the investment thesis is even more compelling at the current share price. We currently forecast NAV/share to reach 116c/share by the end of 2023 and see no reason why the stock should not reach, at least, similar levels.

Download full report with analyst certification and important disclosures

Mar 16 2023, 15:05 GMT