Greencoat UK Wind Reinstates Shares to Investment Manager

Greencoat UK Wind ( (GB:UKW) ) just unveiled an announcement.

Greencoat UK Wind PLC has announced the reinstatement and issuance of 261,524 shares from treasury to Schroders Greencoat LLP, the Investment Manager, under the terms of their Investment Management Agreement. These shares, which are subject to a three-year lock-up period, increase the Investment Manager’s beneficial interest to 5,896,708 shares, representing 0.3% of the company’s issued share capital. This move is part of the company’s ongoing efforts to manage its share capital and align with regulatory requirements, potentially impacting shareholder calculations and market positioning.

The most recent analyst rating on (GB:UKW) stock is a Buy with a £190.00 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 sector, focusing on wind energy investments. The company is involved in the acquisition and management of wind farms across the UK, aiming to provide sustainable energy solutions and contribute to the transition to a low-carbon economy.

Average Trading Volume: 3,399,385

Technical Sentiment Signal: Buy

See more data about UKW stock on TipRanks’ Stock Analysis page.