Us Solar Share Discussion Threads

[craigso] 17/6/2025 08:53:23

I think it's a feature of Euronext.

It works both ways though. When there's a sudden movement due to news / world events, if your limit order is posted to the market, then an algo will grab it and your order price instead of the "best" price. It happens to me sometimes when I forget about limit orders I have placed on the US market.


The slow, boring method of "oh, the bid is now Xp, we can put the sell order into the market now" generally gets a better price for retail investors IME.

[apple53] 16/6/2025 09:15:48

When I trade arcona on Degiro I think my limit order appears on the order book. I don't know if this is the nature of Euronext, or whether it is a benefit of Degiro.

[apple53] 15/6/2025 18:56:42

Thanks 2wild - do you mean the spread would become 37-40p? (I would be bidding 37p in your example).

[2wild] 15/6/2025 11:09:27

apple53, limit orders are not shown on the order book.
If spread was 36-40p and you wanted to buy 1000 shares at 37p, a limit order may never get filled. However, if placed on the order book spread would become 36-37p until your 1000 shares had been fulfilled. A shame Most low cost platforms do not offer this facility.

[apple53] 29/5/2025 10:52:51

eekhoorn I hadn't seen the line you quote. That is important, thanks.
I think it is also important that the NAV appears to be largely de-risked due to the large increase in discount rate. It is to be hoped that the operating cost adjustment is also kitchen-sinking by the 'in-coming' Amber. And maybe also that output will indeed improve in 25.
All-in-all I will push up my target for the sale of my next tranche. There might be resistance at 46c (though chartism is probably pointless for such a stock).

I note that there was a massive trade, almost 1% of the company, at 42c shortly before yesterday's close, and some medium size trades earlier at 41.8c . These were above my limit sell (which I have now cancelled). Does anyone understand how an order book might work for these shares, and indeed whether limit orders will be visible on it. I would have expected a big buyer to roll these up before/as well as doing some kind of 'bought deal', though perhaps by doing so the said buyer would end up having to pay more for the final, larger, slug.
I think this question is relevant due to the massive bid-offer spread.
It reminds me of SIHL in that regard (I've had some VERY weird trading experiences with that one - in my favour).

[apple53] 29/5/2025 10:33:45

Meant to post a month ago. Heard about this (and the scale of discounts across peers) from the PE thread. Bought some infrastructures (SEIT, ENRG, TRIG), but only this among the solars due to the larger discount and the serious signs of board/management trying to realise and return value any way they can.
I was fortunate, as my average in price was around 34c. Happy with 20% upside I sold a third at 40.5c and left a limit on for another third somewhat higher.
I normally sell my winners too early.

[robertspc1] 20/5/2025 21:33:59

That's because it's ludicrously cheap

[craigso] 20/5/2025 10:16:15

Geez, I just breathed on this yesterday - couldn't get a quote for the volume I wanted - and the share price has already moved a penny.

[eekhoorn] 18/5/2025 16:21:07

I've got a medium sized position and would be happy to add some more on any weakness. Amber Infrastructure seems to have done a decent job of stabilising the assets and there's no development risk now. The key sentence from the recent report for me was:

'The Board and Investment Manager will continue to monitor the market for comparable sales of performing operational portfolios, with a view to realising value from the Company's assets when the time is right.'

So a sale on the horizon at some point which given the discount is likely to give a decent profit and 10% covered dividends whilst you wait. Yes there's an orange man risk but I think it's adequately priced in.

[craigso] 18/5/2025 11:47:12

Taking another look at this one. The Oregon REC thing put me off, which seems to have saved me from a further downswing.

It does look pretty appealing actually. Long-term, fixed rate PPAs, so sun is the major revenue risk. NAV based on a discount rate of 10.8% - presumably high due to the orange man. Yet the share price is at an additional 40% discount. Brookdale hedge fund stakebuilding to 25+%.

Might be sub-scale, and hard to sell the assets given the current US mood towards renewables. I'm not a big fan of miniperms, but the refinancing has clearly released headroom for an increase in covered dividends. Could be a good buy-and-forget...

What am I missing?

[robertspc1] 17/4/2025 08:22:35

And now the refinancing and a dividend uplift to yield 10 per cent. Adding more to the pension pot at 50 per cent discount to NAV is a no brainer

[robertspc1] 10/4/2025 08:37:50

Pretty clear this portfolio will be sold at some point. 50 per cent discount to NAV and near 7 per cent yield in the meantime means I'll add on weakness

[robertspc1] 25/3/2025 16:16:11

Seller of 2m shares today

[2wild] 21/6/2024 00:00:11

Hi, cynicalsteve. I hold ticker usf in my SIPP and get dividends and the capital return paid in US Dollars. 22% at Barclay seems amazing. The best thing I ever did was electronically transfer my Halifax Dealing account to interactive investor. the whole process took just under 2 weeks. The service is better and a lot cheaper. Soon afterwards I transferred my Isa.
Now pay £3.99 commission. Plus commission free regular monthly investing.

[cynicalsteve] 19/6/2024 14:03:41

13.6% of my Halifax USFP sold, I'm tempted to use some of the money to buy a few back!

[cynicalsteve] 18/6/2024 17:27:42

22.24% of my Barclays USFP shares have been removed from my account. A very good and very surprising outcome. Maybe the small size of the tender, slight discount to NAV and the tender price being in USD put people off. More proof that when the number of applications is low nominee account applications that are grouped together have a big advantage over individuals with certificates.
Still nothing from Halifax.

[cynicalsteve] 16/6/2024 09:55:31

That's a very good outcome 2wild, hope mine is similar. I'm still waiting for news from Barclays and Halifax.
The sale of 24+ million USF shares is listed on the LSE website for 13th June, I hold USFP but I don't see how that would make any difference. Do you hold USF or USFP?

[2wild] 14/6/2024 20:49:14

USF tendered 7.33% of shares in issue at US 76.4c. I Tendred 100% and have been allocated 13.45% with interactive investors. Very happy as 60% above my average price.

Getting just ober 21% of my investment back, whilst retaining 86.55% of my holding. I 've also received good dividends. Pity they have now cut dividend amount. Market not too concerned as now sustainable.

[bench2] 15/1/2024 10:54:36

Good to see the Chair and one other NED buying shares @ 55c and 41.8p respectively .

[rambutan2] 18/12/2023 21:26:23

Newton exit, down from 10% to 1.5%. Plenty of big trades on 14th at $0.51.

[hugepants] 18/12/2023 16:00:42

Yes not bad.
Would like to see some clarity on dividend going forward though.

[jonwig] 18/12/2023 15:06:14

Positive RNS today. very positive say Citywire:

[jonwig] 11/12/2023 08:31:46

Looking at Ecofin US Renewables Infrastructure Trust [RNEP} that one is also having operational problems, and has decided to wind up and return capital to shareholders.

USF is by no means an outlier.

[hugepants] 10/12/2023 22:57:24

NAV and dividend update for Q3 announced on 30 Nov.