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An update from Greencoat UK Wind ( (GB:UKW) ) is now available.
Greencoat UK Wind PLC, through its investment manager Schroders Greencoat, has responded to the UK Government’s consultation on changes to the inflation indexation in the Renewables Obligation scheme. The company argues that the proposed changes will not reduce consumer bills but instead increase costs due to higher capital expenses, ultimately affecting consumers. They emphasize the importance of maintaining investor confidence by preserving existing policies and suggest alternative measures like voluntary Contracts for Difference to achieve cost reductions without undermining investment stability.
The most recent analyst rating on (GB:UKW) stock is a Buy with a £145.00 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.
Greencoat UK Wind’s overall stock score is negatively impacted by significant revenue declines and profitability issues, which are the most critical factors. The stable balance sheet and positive cash flow provide some support, while recent share buybacks show strategic initiatives to enhance shareholder value. Nonetheless, bearish technical trends and a negative P/E ratio limit the stock’s attractiveness.
To see Spark’s full report on GB:UKW stock, click here.
More about Greencoat UK Wind
Greencoat UK Wind PLC operates in the renewable energy industry, focusing on wind energy investments. The company is managed by Schroders Greencoat and is involved in the development and management of wind farms across the UK, aiming to provide sustainable energy solutions.
Average Trading Volume: 4,814,587
Technical Sentiment Signal: Sell
For detailed information about UKW stock, go to TipRanks’ Stock Analysis page.