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RNEW Ecofin U.s. Renewables Infrastructure Trust Plc

0.413
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ecofin U.s. Renewables Infrastructure Trust Plc LSE:RNEW London Ordinary Share GB00BLPK4430 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.413 6 08:00:03
Bid Price Offer Price High Price Low Price Open Price
0.40 0.426 0.415 0.413 0.415
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -4.29M -6.73M -0.0487 -8.42 57.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:18:08 O 6 0.40 USD

Ecofin U.s. Renewables I... (RNEW) Latest News

Ecofin U.s. Renewables I... (RNEW) Discussions and Chat

Ecofin U.s. Renewables I... Forums and Chat

Date Time Title Posts
22/9/202413:34RNEW Ecofin U.s. Renewables Trust in Wind Up 1
22/12/202022:22Make America Great Again - Ecofin U.S. Renewables Infrastructure Trust PLC -

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Ecofin U.s. Renewables I... (RNEW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-11 10:18:080.4060.00O

Ecofin U.s. Renewables I... (RNEW) Top Chat Posts

Top Posts
Posted at 11/12/2024 08:20 by Ecofin U.s. Renewables I... Daily Update
Ecofin U.s. Renewables Infrastructure Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker RNEW. The last closing price for Ecofin U.s. Renewables I... was US$0.41.
Ecofin U.s. Renewables I... currently has 138,078,496 shares in issue. The market capitalisation of Ecofin U.s. Renewables I... is £56,612,183.
Ecofin U.s. Renewables I... has a price to earnings ratio (PE ratio) of -8.42.
This morning RNEW shares opened at US$0.42
Posted at 22/9/2024 13:34 by 2wild
With GBP/USD exchange rate up 30% in 2 years, from 40 year Liz lettuce Truss low, at USD1.332. In GBP terms RNEW has never been lower at 25.5p, on 47% discount to NAv.
Posted at 22/9/2024 11:18 by 2wild
RNEW is planning to sell its assets, pay off bank loans and repay shareholders In cash this will probably take a number of years to complete.

NAV as at 30 June 2024 on a cum-income basis was $0.6503 per Ordinary Share (31 March 2024: $0.7937). Dividend suspended.
At 34c discount to nav is 47.7%.
Spread 33c to 35c at 20th September 2024 close.
Posted at 22/12/2020 22:22 by bathcoup
22 December 2020, ADMISSION TO TRADING AND FIRST DAY OF DEALINGS

Targeted $250m but only raised $125m@$1.00. Had to extend timetable by eight days and lower minimum gross proceeds from $150m to $125m due to weak demand.

Targetting a total return of up to 7.5% per annum:
• RNEW will target a net total return of 7.0%-7.5% per annum with a sustainable dividend yield of 5.25%-5.75% per annum
• It expects to acquire a circa US$61m seed portfolio consisting of four solar investments with a weighted average PPA term of 18.7 years subject to the satisfaction of certain conditions. RNEW’s manager, Ecofin Advisors, considers that the expected return profile on the seed assets is consistent with the company’s overall target return.
• Two of the Seed Assets are currently operating, a third is expected to be operational by the end of 2020, and the fourth is expected to be operational by the end of 2020 or otherwise within the first quarter of 2021
• The Company will also have access to the Investment Manager’s active pipeline of investment opportunities, currently totalling $3.0 billion across 86 transactions, and aims to have substantially committed the IPO proceeds within 12 months from Admission

Significant potential in US renewables market:
• “The U.S. renewables market is at an inflection point with significant growth projected in the power generation mix for renewable energy due to low costs yet low penetration compared to other developed markets
• The energy transition in the U.S. to a less carbon-intensive power grid is entering a new phase of growth. Investment in renewable energy generation is expected to account for more than 67% of U.S. power capital expenditure over the next decade, representing a US$294 billion opportunity
• The U.S. power market is 12.9 times larger than the UK’s and 1.3 times larger than the EU’s (inclusive of the UK for this purpose). Despite this, the solar and wind share of the overall energy market in the U.S. is significantly lower than the UK or EU, leaving ample opportunity for growth
• The U.S. renewable energy market, a less mature market compared to the UK, benefits from near-term federal and state incentives and the availability of long-term power purchase agreements (“PPAs”)
• The company is expected to have reduced power price sensitivity relative to the UK market due to longer duration fixed-price PPAs”

Long-term PPAs to support returns:
• “The company aims to provide an initial annual dividend yield of 2 to 3 per cent. (based on the Initial Issue Price of US$1 per Ordinary Share) in respect of the period from admission to 31 December 2021 (assuming that the renewable assets acquired using the net initial proceeds are substantially fully operational by 31 December 2021)
• Thereafter, the company is targeting an annual dividend yield of 5.25 per cent. to 5.75 per cent. (based on the Initial Issue Price of US$1 per ordinary share), beginning in respect of the first quarter of 2022 (assuming that the renewable assets acquired using the net initial proceeds are substantially fully operational by 31 December 2021), with an average dividend growth rate of at least 1 per cent. per annum over the medium term
• The company intends to pay a quarterly dividend and expects that the first interim dividend will be declared in July 2021 and paid in August 2021, in respect of the period from admission to 30 June 2021
• The company will aim to have substantially committed the IPO proceeds in renewable assets within 12 months from admission”
Ecofin U.s. Renewables I... share price data is direct from the London Stock Exchange

Ecofin U.s. Renewables I... Frequently Asked Questions (FAQ)

What is the current Ecofin U.s. Renewables I... share price?
The current share price of Ecofin U.s. Renewables I... is 0.413.
How many Ecofin U.s. Renewables I... shares are in issue?
Ecofin U.s. Renewables I... has 138,078,496 shares in issue.
What is the market cap of Ecofin U.s. Renewables I...?
The market capitalisation of Ecofin U.s. Renewables I... is USD 57.03 M.
What is the 1 year trading range for Ecofin U.s. Renewables I... share price?
Ecofin U.s. Renewables I... has traded in the range of US$ 0.325 to US$ 0.585 during the past year.
What is the PE ratio of Ecofin U.s. Renewables I...?
The price to earnings ratio of Ecofin U.s. Renewables I... is -8.42.
What is the cash to sales ratio of Ecofin U.s. Renewables I...?
The cash to sales ratio of Ecofin U.s. Renewables I... is -13.18.
What is the reporting currency for Ecofin U.s. Renewables I...?
Ecofin U.s. Renewables I... reports financial results in USD.
What is the latest annual turnover for Ecofin U.s. Renewables I...?
The latest annual turnover of Ecofin U.s. Renewables I... is USD -4.29M.
What is the latest annual profit for Ecofin U.s. Renewables I...?
The latest annual profit of Ecofin U.s. Renewables I... is USD -6.73M.
What is the registered address of Ecofin U.s. Renewables I...?
The registered address for Ecofin U.s. Renewables I... is 6TH FLOOR, 125 LONDON WALL, LONDON, EC2Y 5AS.
What is the Ecofin U.s. Renewables I... website address?
The website address for Ecofin U.s. Renewables I... is www.ecofininvest.com/rnew.
Which industry sector does Ecofin U.s. Renewables I... operate in?
Ecofin U.s. Renewables I... operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector.

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