Foresight Solar Share Discussion Threads

[playful] 18/2/2021 12:56

Foresight Solar Fund (FSFL) has consistently delivered on its investment objective from its launch in October 2013. It is the largest UK solar player and provides investors with a covered, sustainable and growing dividend, underpinned by subsidised assets in the UK and high-return growth opportunities globally. This continued during the fund’s arguably most challenging few years, amid declining power prices and the COVID-19-triggered economic shock. The solar industry’s growth potential remains huge. The IEA estimates that solar capacity needs to quadruple in the next decade globally (a 20% CAGR) to limit global warming to 1.5°C. The UK’ssolar capacity is forecast to more than double within the next 10 years.

[cwa1] 18/2/2021 12:51

Edison research(MAY have to register):- https://www.edisongroup.com/wp-content/uploads/2021/02/Foresight-Solar-Fund-Solar-energy-the-future-is-here.pdf

[masurenguy] 16/2/2021 16:22

Cheers CWA1. I've a major position in BSIF - also considering FSFL for the corresponding good yield.

[cwa1] 16/2/2021 16:08

From the September announcement:- •NAV decreased to £582.1m (31 December 2019: £628.0m), or 96.0p per share (31 December 2019: 103.8p) driven primarily by a reduction in power price forecasts

[masurenguy] 16/2/2021 14:32

What is the current NAV here ?

[robertspc1] 16/2/2021 11:20

Cannot understand why this trades at such a discount to BSIF ?

[gateside] 15/2/2021 16:23

FSFL seeks shareholder approval to allow up to 10% of GAV to be invested into PV co-located storage hTTps://renews.biz/66084/foresight-solar-pivots-to-grid-batteries/

[gateside] 15/2/2021 16:09

We seem to have acquired some sad lost soul, that thumbs down every message. Results should be good, with the sunny late Spring / early Summer last year in the UK. Plus the investments in Spain should boost the NAV too. Solid 6.9% yield too.

[gateside] 15/2/2021 15:39

Results due on 9th March

[gateside] 15/2/2021 13:45

Beginning to wonder if this share is still trading!Price seems totally stuck.

[gateside] 11/2/2021 13:12

Share seems totally stuck to approximately 101.5p plus or minus a penny. Didn't really even go down when it went ex-dividend.Maybe we'll see an uptick after results.

[gateside] 04/2/2021 08:19

Ex dividend this morning

[ec2] 28/1/2021 23:56

These are doing exactly what they are supposed to by adding some portfolio stability on more volatile days. The battery storage will fit nicely with the power generation. The confirmation of the div (although never in doubt) also good to see.

[playful] 28/1/2021 17:07

Final (Q4) dividend Ex date 4/2/21 Record date 5/2/21 Pay date 5/3/21 Amount 1.73p

[playful] 28/1/2021 07:21

Battery storage system opportunities! I like the sound of this. The Board of Directors of Foresight Solar Fund Limited, together with the Investment Manager, are pleased to announce the intention to seek shareholder approval to amend the Company's investment policy to allow for up to 10 per cent of the Company's Gross Asset Value ("GAV"), at the time of investment, to be invested into utility scale battery storage system opportunities ("BSS"), the majority of which are currently intended to be located adjacent to the Company's existing PV solar sites.

[gateside] 14/1/2021 21:38

Last year they announced... Dividend on 22nd January NAV update on 19th February Finals on 9th March So not long to wait. Agree see fair value here at 120p

[ec2] 14/1/2021 18:32

The reason is that renewables infrastructure funds are more a play on energy prices than on the renewables industry itself. The good news is that current energy prices are coming back very strongly but not yet reflected in funds's share prices due to the backward looking calculations used in valuations. When valuations catch up with current energy prices I see a price of 120p on FSFL. In the meantime sit back and enjoy the div. I hold iShares Global Clean Energy (INRG) for a play on the nuts and bolts of the renewables business but price has risen like made of late so possibly now is not the right time to be getting into these.

[winsome] 05/1/2021 14:28

Why are share price levels struggling with these supposedly very fashionable renewable energy companies this past year?

[ec2] 04/1/2021 10:51

Good to see they will be hedging out the currency risk on the Spanish income flows giving much better sterling certainty of returns.

[cwa1] 04/1/2021 08:17

On today's acquisition:- Commenting on the acquisition, Alex Ohlsson, Chairman of Foresight Solar, said: "This acquisition builds on the Company's recent first investment in Spain and represents a meaningful step forward for the Company's international diversification and its increased presence in the subsidy-free solar market. The ability of the Investment Manager to secure such an attractive investment opportunity for Foresight Solar once again demonstrates the benefit of its significant regional presence across Europe. We look forward to updating investors on progress on the Spanish portfolio as major milestones are met in the coming year."

[cwa1] 21/12/2020 12:57

Afternoon, just joined the club with a maiden purchase at just under a quid. Good fortune all

[gateside] 08/12/2020 22:02

With the slight fall in price, this now yields 6.9% and dividend looks very safe. Highest yield amongst all the Renewables companies.

[rustle2] 06/12/2020 18:11

llef - I think that is true but I've not seen it quantified.

[gateside] 06/12/2020 08:01

hTTps://life.spectator.co.uk/articles/is-now-the-time-to-invest-in-green-energy/

[ec2] 27/11/2020 14:36

Look cheap to me so have just bought some more at 100.8435p. Wholesale electricity prices continue to be firming and I'm expecting to rise further once we move forward next year after lockdown. Due to my positive views on elec prices I have also bought earlier today some TRIG as well and some more GCP earlier in the week.