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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind has repurchased 40,600 ordinary shares as part of its ongoing share buyback activity, paying a weighted average price of 94.10 pence per share and placing the shares into treasury. Following this latest transaction, the company now holds 148,981,280 shares in treasury, leaving 2,158,467,376 ordinary shares in issue for the purposes of shareholder disclosure calculations.
The company also confirmed that this buyback completes its current share repurchase programme, under which a total of £200m of capital has been deployed. The conclusion of the programme signals the end of this phase of capital management, potentially supporting earnings per share and net asset value per share for remaining investors by reducing the freely tradable share count.
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 is a London-listed investment company focused on acquiring and operating UK wind farm assets, giving investors exposure to stable, inflation-linked cash flows from renewable energy generation. It targets operating onshore and offshore wind farms, aiming to provide long-term income and capital preservation within the infrastructure and clean energy sector.
Average Trading Volume: 4,568,457
Technical Sentiment Signal: Sell
Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.