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Greencoat UK Wind Adds 50,000 Shares to Treasury in Ongoing Buyback

Story Highlights
  • Greencoat UK Wind repurchased 50,000 shares at a 96.43p average under its buyback programme.
  • The buyback lifts treasury holdings to 148.9m shares, reducing free float to 2.16bn in issue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Meet Samuel – Your Personal Investing Prophet

Greencoat UK Wind ( (GB:UKW) ) has issued an update.

Greencoat UK Wind has repurchased 50,000 of its own ordinary shares under its ongoing buyback programme, paying a weighted average price of 96.43 pence per share, with trades executed on the London Stock Exchange. The shares will be held in treasury, taking treasury holdings to 148,888,726 and leaving 2,158,559,930 shares in issue, a move that marginally reduces the free float and can be used by investors for disclosure threshold calculations under FCA rules.

The most recent analyst rating on (GB:UKW) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Greencoat UK Wind stock, see the GB:UKW Stock Forecast page.

Spark’s Take on GB:UKW Stock

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

The score is held back primarily by the sharp deterioration in profitability/revenue in the latest period despite strong cash flow and a manageable balance sheet. Technicals are mildly bearish (below key moving averages and negative MACD), while valuation is supported by the high dividend yield but tempered by a negative P/E. Corporate actions (share buybacks) provide a modest positive offset, with some regulatory risk noted.

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

More about Greencoat UK Wind

Greencoat UK Wind PLC is a London-listed renewable infrastructure company focused on investing in operational UK wind farms. It offers investors exposure to stable, inflation-linked cash flows from contracted or regulated electricity generation, targeting long-term income and capital preservation in the UK renewables sector.

Average Trading Volume: 4,504,661

Technical Sentiment Signal: Sell

Learn more about UKW stock on TipRanks’ Stock Analysis page.

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