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Gore Street Energy Storage ( (GB:GSF) ) has shared an announcement.
Gore Street Energy Storage Fund announced its interim results for the six months ending September 30, 2024, highlighting a decrease in Net Asset Value (NAV) per share to 100.5 pence and a 3.0% negative NAV total return for the period. Despite these financial challenges, the company reported significant operational advancements, including a 13% increase in operational capacity, progress on U.S. construction assets, and securing a lucrative 12-year Resource Adequacy contract for its Big Rock asset, expected to add over $14 million annually. These developments are set to bolster Gore Street’s portfolio, enhancing its market position and potential revenue streams.
More about Gore Street Energy Storage
Gore Street Energy Storage Fund plc is a pioneering, diversified energy storage fund based in London, dedicated to the low-carbon transition. The company focuses on providing shareholders with sustainable returns through a diversified portfolio of utility-scale energy storage projects, aiming for growth in operational capacity and delivering consistent dividend yields.
YTD Price Performance: -37.14%
Average Trading Volume: 1,369,421
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £261.6M
Find detailed analytics on GSF stock on TipRanks’ Stock Analysis page.
