Ecofin U.S. Renewables Infrastructure Trust Names Canaccord Genuity as Sole Corporate Broker

An update from Ecofin U.S. Renewables Infrastructure Trust Plc ( (GB:RNEW) ) is now available.

Ecofin U.S. Renewables Infrastructure Trust Plc has appointed Canaccord Genuity Limited as its sole corporate broker with immediate effect, replacing its previous broking arrangements. The move signals an effort to strengthen the company’s capital markets support and investor engagement as it continues to develop its portfolio of U.S. renewable energy infrastructure assets, which may influence its access to equity markets and visibility among investors.

The most recent analyst rating on (GB:RNEW) stock is a Hold with a $0.22 price target. To see the full list of analyst forecasts on Ecofin U.S. Renewables Infrastructure Trust Plc stock, see the GB:RNEW Stock Forecast page.

Spark’s Take on GB:RNEW Stock

According to Spark, TipRanks’ AI Analyst, GB:RNEW is a Neutral.

The score is driven down primarily by sharply deteriorating financial performance (large loss and steep revenue decline) and bearish technicals (below key moving averages with negative MACD). A debt-free balance sheet and a ~3.45% dividend yield provide partial support, but not enough to offset weak earnings and momentum.

To see Spark’s full report on GB:RNEW stock, click here.

More about Ecofin U.S. Renewables Infrastructure Trust Plc

Ecofin U.S. Renewables Infrastructure Trust Plc is an investment company focused on the U.S. renewable energy sector, providing exposure to infrastructure assets that generate power from sources such as solar and other clean technologies. The trust targets income and capital growth by investing in operational and construction-stage renewable projects in the United States for institutional and retail investors seeking sustainable infrastructure exposure.

Average Trading Volume: 486,857

Technical Sentiment Signal: Strong Sell

Current Market Cap: $29.69M

For an in-depth examination of RNEW stock, go to TipRanks’ Overview page.