Nextenergy Solar Share Discussion Threads

[wallywoo] 06/1/2025 12:45:23

Nice round bottom. Always like the look of those. The share price here is looking good too!!

[mantelsloris] 03/1/2025 17:24:54

https://apple.news/Aom-LMQLmShO75XaU99eHyg

[sleveen] 31/12/2024 10:44:42

My divi was in yesterday via II.

[prokartace] 31/12/2024 10:24:15

I am guessing this is up today because of divi investment

[rongetsrich] 30/12/2024 16:37:30

It's round about now all the ISA transfer offers start, I'm afraid AJ Bell are losing me over this. Today was a great day to buy stocks... but when the dividend doesn't pitch up it's kind of hard.Any other suffering AJ Bell customers sat at close of business, with no dividend paid in?

[mortlolc] 30/12/2024 15:34:38

Yes, from HL

[rongetsrich] 30/12/2024 13:34:04

AJ Bell, always a let down, and pretty defensive when you tell them there are better. Just out of interest was yours in first thing?

[rongetsrich] 30/12/2024 12:44:50

Has anybody be had their divi yet? AJ Bell have not surprised me by still not having paid it by the end of lunchtime.

[hugepants] 30/12/2024 10:03:32

Not just cleaner but cheaper.



The average cost of renewable energy, especially solar, plunged below the average cost of fossil fuels in the Asia Pacific region last year — and the gap will continue to widen, according to energy consultancy Wood Mackenzie.

Solar is now the least expensive source of power in the region and will grow even less expensive over the coming decades while fossil fuels grow more expensive, the consultancy says.

The calculations reflect what’s known as the levelized cost of energy, or LCOE, which calculates the cost of producing electricity over the entire life of a project. The method allows apples-to-apples comparisons between renewables such as solar and wind — which require large upfront spending to build but then run on free fuel — with coal and gas generation projects that may cost less to build but need fuels with costs that vary with global markets and incur delivery costs.

Wood Mackenzie says China’s manufacture of solar modules and wind turbines has boomed, overwhelming demand at home and even abroad. That’s driving down renewable costs across the region after lingering supply bottlenecks and shortages from manufacturing shutdowns during the Covid-19 pandemic, which pushed prices 18% higher in 2022.

China’s renewables push, along with additional manufacturing elsewhere and technological advances in both wind and solar, will carry on forcefully enough to keep prices for renewables lower for decades to come, Wood Mackenzie says.

Meanwhile, the consultancy expects the cost of coal and natural gas to rise as countries step up taxation on the carbon emissions that come with burning fossil fuels.

By 2030, the consultancy says renewables will be about one-third cheaper than fossil fuels...

[scepticalinvestor] 30/12/2024 09:13:27

Reeves has certainly created a legacy for herself. A return to the 70s.

[rongetsrich] 27/12/2024 07:41:46

It is crass stupidity to do what we are doing, but here we are with a Hugh majority of eco fools thinking the moral high ground is worth the looming recession. China or India, take your pick, are both coining it in at our expense, so we live with the aftermath of the recent election.As for green energy, it isn't quite fools gold.

[scepticalinvestor] 27/12/2024 07:25:07

Popit is correct - currently the UK makes up less than 1 percent of global emissions. We can turn off power for a century and it will have zero effect on the overall number. It was less than 3 percent at the HEIGHT of the industrial revolutionSuccessive goverments since the 90s have brainwashed the masses into believing that the UK can actually make a difference. The UK expects their citizens to accept penury and economic hardship and yet congratulate China and India for their booming, fossil fuel driven economies.

[rongetsrich] 27/12/2024 06:59:48

You've missed the point.Have you noticed the destructive weather patterns, have you read into them? Have you read what the next 1 degree higher water temperature means?I'm not green worshiper, but it's bad. Nuclear is spot on, but too expensive, and it's too late for the next decade.When the infra is ready your statement will look like nonsense, have you seen what NG is doing?

[popit] 26/12/2024 14:16:51

The analysis done by David Turver on Substack is proof that Renewable Energy is vastly more expensive than oil and gas and that it is completely uneconomic without receiving the vast subsidies that cost UK taxpayers and UK industry billions of pounds in wasted expense every year.

Eventually the UK will have to face the economic reality of this huge Renewable Energy scam and return to the only available sources of energy that are economic and efficient. And that is hydrocarbons and nuclear.

If this economic reality is not faced, the UK economy will continue to stagnate and eventually collapse through excessive “green” energy costs and excessive taxation.

There is nothing to be gained from virtue signalling to the rest of the world about how “green” the UK is, if the economy is stagnating and eventually collapsing.

China and India and the rest of the world must be laughing as the UK intentionally destroys its own economy.

[cousinit] 23/12/2024 16:42:37

Thanks for the reply Chucko. Appreciate the layering of long dated assumptions (versus a scenario of contracted cashflows from blue chip counterparties) can make a mockery of a DCF 'model'.

It gave me the opportunity to really kick the tyres on the level of disclosure in the statements (there is probably more than the discussion on here might suggest) and get a handle on debt levels/servicing.

It is very clear that lenders are (understandably) much more content to advance monies during the period where subsidies are paid. It will be interesting to see how this plays out with equity markets effectively closed and new investments only having revenue visibility if the CfD route is taken.

[chucko1] 23/12/2024 15:21:06

In fact, CousinIT, I have not explicitly modelled this one. I have done the basic arithmetic in my head and the reason why is this:

The duration of the cashflows is very lengthy and so any change in either discount rate (from, say, long term Gilts) or power prices or inflation (technically the different b/n the two) makes massive differences in valuation. Prolongation of the assets' useful life is a further wild card.

In which case, the important input parameter is the quality of management, and their honesty, capability and experience. Along with global macro changes re. renewables policies and possibly other long term politic considerations, there is a lot of randomness floating around. Modelling this part is a job more for a philosopher or social worker.

Nevertheless, there is nothing compellingly awful to suggest that the recent share price slide is probably based on fundamentals that I am unaware of rather than the price action of yet another IT being too risky for some (institutional?) investors.

[cousinit] 23/12/2024 14:06:31

I've had a go at modelling this going forward using the information in the annual report.

This is probably addressed at Chucko (given I read of his close affinity with spreadsheets!) but I can't quite get to the NAV using an NPV at 8%, but probably not a million miles away (around 10%).

Assumptions are that the current dividend is held and any excess cash being thrown off is used entirely for debt repayment. This is somewhat dependent upon whether 2023/4 was a typical year for costs etc given the level disclosure in the accounts (as has been said ad infinitum on here).

Obviously power price forecasts are very influential in all of this, but using the projections provided it suggests that the dividend could be held for about 15 years and then would start to tail off. The subsidies being index linked do provide headroom to repay debt through to 2035/6 (also being the maximum term for the prefs) with some spare cash over and above this (as cash interest is saved over time by paying down the RCF).

[granykity] 21/12/2024 15:53:28

NESF how best accumulate under or around 66p - 69 range, I'm just figuring how / where people share information etc, so apology if I have posted it in the wrong place! (as a somewhat older, I have recently discovered this trusts most attractive dividend yield, (at current prices it's nicely over 11%) my question to more experienced investors here (or especially into these type of solar funds) is; 1. would you generally make larger stock purchases in several blocks so as not to start pushing the price / interest up, ? or spread them out say over a few days / weeks? I do appreciate there is always risks that these things can move up down a fair amount regardless. So just a general question also if people think it's better to average over coming weeks? is there a particularly better time for accumulating larger positions in these solar trusts? presuming that perhaps dec / jan time people are less likely to be buyers / hence lower prices? also understand it will start moving close towards the next qtr dividend into new year, so presume I'm best not wait to long. Thank you for any insights, it's just us ole' grannies have to try and invest our pension pots wisely! we all like to get a good divi and like the idea of getting a nice amount in a solar energy trust, like the ethos of how they generate income + of-course, whilst pricing is under 69p does seem a super reasonable dividend generator. (of course any other insights always welcomed) Thank you

[cc2014] 19/12/2024 11:37:06

Mr 20k seller is buying alot of HEIT today. He's doing 10k's as well

[williamcooper104] 18/12/2024 15:06:38

Yep - I dumped a load of money at the height of Covid QE into BBGI - I'm still nursing a hefty capital loss but my yield on cost with the divi increases is now over 5.5 - so not a disaster

[williamcooper104] 18/12/2024 15:04:03

The listing will be just to get the quotes Eurobond withholding tax exemption Economically it's not a real listing

[cc2014] 18/12/2024 14:00:03

The prefs aren't listed and have no quotes. IIRC they are owned by two pension funds.

[goonerbob] 18/12/2024 13:37:09

Anyone know what the Prefs are trading at or their ticker code? From the NESF website they pay a dividend of 4.75% but don't state if they are cumulative or not.

[chucko1] 18/12/2024 13:00:11

6m Bills, in fact. That maturity gap dilutes the UK/US "difference", but Euro sovereigns rather intensify it again.