Share Name Share Symbol Market Type Share ISIN Share Description
The Renewables Infrastructure Group Limited LSE:TRIG London Ordinary Share GG00BBHX2H91 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.31% 127.60 3,001,443 16:35:08
Bid Price Offer Price High Price Low Price Open Price
127.60 128.00 128.60 126.20 127.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 162.03 11.40 11.2 2,218
Last Trade Time Trade Type Trade Size Trade Price Currency
17:04:32 O 1,060 127.606 GBX

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Date Time Title Posts
09/5/201718:19The Renewables Infrastructure Group3

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The Renewables Infrastru... (TRIG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-07-08 16:04:33127.611,0601,352.62O
2020-07-08 15:35:08127.6092,391117,890.92UT
2020-07-08 15:28:00128.002,6443,384.32AT
2020-07-08 15:27:54127.73400510.93O
2020-07-08 15:27:22127.8510,00012,785.00O
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The Renewables Infrastru... (TRIG) Top Chat Posts

The Renewables Infrastru... Daily Update: The Renewables Infrastructure Group Limited is listed in the Alternative Energy sector of the London Stock Exchange with ticker TRIG. The last closing price for The Renewables Infrastru... was 128p.
The Renewables Infrastructure Group Limited has a 4 week average price of 121.20p and a 12 week average price of 119.40p.
The 1 year high share price is 139.20p while the 1 year low share price is currently 95.90p.
There are currently 1,738,431,043 shares in issue and the average daily traded volume is 2,634,147 shares. The market capitalisation of The Renewables Infrastructure Group Limited is £2,218,238,010.87.
gateside: JLEN are probably the most diverse in their range of renewable types. They are likely to get promoted to FTSE250 at the next review in June, which could boost their share price.
chester42: Share price almost hitting 52 week high - I'm not sure if that's a sustainable price with so much uncertainty around. It's already heading south today. Share price seems more comfortable around 128p for now.
tcuc3e: Amazing bounceback in share price for TRIG. Have barely seen a tighter v-shape crash and recovery. At the dip could have brought in at initial flotation prices, a couple of weeks later, the price is almost back to the pre-Covid peak.
davebowler: Liberum; Reassuring update on operations and cash flows Mkt Cap £1,689m | Prem/(disc) -10.3% | Div yield 6.6% Event TRIG held an investor call yesterday to provide an update on the portfolio and the company's financial position in light of the COVID-19 pandemic. Key takeaways included: Operational performance - business continuity plans are in place across the maintenance and asset management teams in all of the company's jurisdictions. The portfolio mainly comprises wind farms and solar parks and the majority of faults can be reset remotely. Supply chain disruption for spare parts has been mitigated by the approach to condition monitoring and acquisition of strategic spares. Diversification - the portfolio diversification across 74 projects in the UK, Ireland, France, Germany and Sweden lessens the potential impact to site availability from wider grid issues or issues with substations etc. Construction - the company's construction projects may be delayed. The exposure to construction was 8% of the portfolio at 31 December 2019 on a fully committed basis (Solwaybank, Blary Hill and Venelle). Generation - Portfolio generation is 25% above budget to date in 2020. Q1 is a crucial quarter for revenues as TRIG typically generates 30% of revenue in the quarter. Power prices - Lower power prices have impacted revenue although these are expected to rise slightly (based on forward prices). 77% of generation benefits from fixed prices, reducing the impact of lower power prices. Cash flow projection - Based on forward power prices and the portfolio generation to date in 2020, the manager's revised cash flow projections for 2020 show only a small reduction versus the original budget. Dividend guidance has been maintained at 6.76p per share for 2020. FX hedging - 45% of the portfolio value is in Euro-denominated investments. 80% of the balance sheet value of the Euro assets are hedged four years ahead. The hedges are settled as they expire and there are no margin calls. Financial strength - TRIG has £100m of cash and an undrawn £340m RCF. This more than covers outstanding commitments of £350m due by the end of 2021 on Merkur, Ersträsk Phase 2, Solwaybank and Blary Hill. TRIG has no refinancing exposure as all of the drawn debt is long-term project finance. The debt is fully amortised before the end of the subsidy life of the assets. Liberum view During this challenging period, TRIG is operating from a position of strength with a robust balance sheet and a confident outlook on revenue generation in 2020. This is underpinned by the high proportion of fixed cash flows over the medium term as a result of subsidy agreements and PPAs. The outlook for dividend cover remains strong and we believe recent share price weakness represents an attractive entry opportunity.
jonwig: Another broker questions the valuations of these companies: Neither of the two articles has anything to say about the role played by the CFD auction in guiding energy prices. It's also worth pointing out that TRIG's large share price premium is a relatively recent phenomenon.
schofip: There is great pressure out there to get rid of fossil fuels due to climate change and nuclear(due to the cost of decommissioning). Wind, wave and solar are the only viable alternatives moving forward and this company is in exactly the right place at the right time. Feel sorry for the people shaken out today by the scare mongering shorters. This share price did get ahead of itself very quickly and as I understand it a 20% pullback on the rise is a very healthy thing.
trekker60: Ref this morning's debate about the article posted by Nerja: I've no insight into his motive for posting the article or the merits of the arguments/assessments included in it. HOWEVER, regardless of both factors, I agree it is relevant information which warrants being published on this board - if only so less well informed small PIs like me understand why the TRIG price has dropped suddenly over the last couple of days. So, thanks Nerja. For what it's worth, I am continuing to hold TRIG but that's not set in stone and I will be keeping an even closer eye on them than usual. Will be interesring to see if TRIG comments on this when the annual results are published on Feb 18.
nerja: (Update) Investors in London’s expensive listed renewable energy funds are at a risk of a 43% share price fall and a 33% drop in asset values due to the slide in long-term power forecasts, JPMorgan Cazenove has warned. Strong investor demand for their reliable dividends and environmentally friendliness has pushed shares in London’s six wind and solar power investment companies to an average 16% premium above their underlying net asset values (NAV). But UK investment companies analyst Christopher Brown said the double-digit premiums of companies in the £9bn renewables sector were unsustainable in face of mounting evidence that growth in carbon-free energy would slash the cost of electricity in the next 20-30 years. While that's good news for consumers and the planet, it is bad news for funds generating most of their revenues from selling electricity into the wholesale market, said Brown and fellow analyst Adam Kelly.
gateside: I think the share price matters. Because even if your a buy and hold, reinvest the dividends person, like I am. The might come a point when you decide you want, or maybe you need to sell.So a higher share price, guarantees you can sell at a profit. It's more than just vanity in my opinion.Currently holding JLEN and TRIG, plus I took up the open offer in TRIG
a0002577: Can I ask, Masurenguy & stewart64 why the share price matters to you? It matters to me 'cos I trade in and out of these (and all the Green Infrastructure shares). I am out of TRIG at the moment and into BSIF and JLEN which have not extended their asset life yet and so I see more upside there and expect announcements shortly. Furthermore they both yield more than TRIG. If I was a buy and hold guy the share price sort of matters cos it sort of shows that I bought wisely. But that is mere vanity. If I was a buy and hold guy that reinvested dividends then the lower the price the more shares I get, so I would would want the price to come down. As a trader I want the price to go up when I hold them and down when I don't. The price has to come down more for me to turn buyer. sub 110 would persuade me to look again or a five or six pence rise in BSIF or JLEN
The Renewables Infrastru... share price data is direct from the London Stock Exchange
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