Davy Morning Equity Briefing
Oct 19, 2026
Greencoat UK Wind
Capital Markets Event: new levers in UK Wind
Greencoat UK Wind's (UKW) Capital Markets Event (CME) provided greater detail on how management intends to deploy capital over the coming years. While the opportunity set has broadened, the core proposition remains unchanged, with a continued focus on generating attractive shareholder returns from UK wind assets. The addition of construction, repowering and life-extension opportunities should support the longer-term growth story, while stronger power prices remain a near-term support for cash generation and net asset value (NAV). We make no changes to our estimates, with the focus now on execution. We reiterate our ‘Outperform’ rating and 137p price target.
Economics weekly
UK economy growing stronger than expected this year
The UK economy has been far stronger than we and consensus expected this year. Ahead of the Budget and Bank of England (BoE) meeting next week, a number of data releases this week will provide useful context for prospects of the UK economy continuing to outperform. While an increase in Bank Rate next week is all but certain, we expect continued signs of disinflation this week, and we will look for evidence of stronger taxes.
