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Ecofin U.S. Renewables Infrastructure Trust Plc ( (DE:9FV) ) has issued an update.
Ecofin U.S. Renewables Infrastructure Trust PLC announced the completion of the sale of its DG Portfolio, marking the first sale in its Managed Wind-Down strategy. The transaction resulted in net proceeds of approximately US$33.5 million, which were used to reduce the company’s revolving credit facility to zero, thereby lowering its borrowing base. This strategic move is expected to streamline operations and improve financial stability, potentially impacting stakeholders by enhancing the company’s liquidity position.
More about Ecofin U.S. Renewables Infrastructure Trust Plc
Ecofin U.S. Renewables Infrastructure Trust PLC operates within the renewable energy sector, focusing on infrastructure investments in the United States. The company is involved in the acquisition and management of renewable energy assets, with a particular emphasis on sustainable energy generation.
YTD Price Performance: -11.11%
Average Trading Volume: 3,750
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €36.75M
Find detailed analytics on 9FV stock on TipRanks’ Stock Analysis page.