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Greencoat UK Wind ( (GB:UKW) ) has shared an update.
Greencoat UK Wind reported its half-year results, highlighting a dividend cover of 1.4x despite lower-than-expected wind generation. The company declared total dividends of 5.18p per share and has paid £1.3 billion in dividends since inception. Despite a fall in net asset value per share, UKW has achieved a total shareholder return of 140.7% since listing. The company reinvested £40 million into share buybacks and plans to use excess cash flow to reduce gearing. UKW’s assets generated 2,581GWh of renewable electricity, powering approximately 2.2 million homes and avoiding 2.4 million tonnes of CO2 emissions. The company also announced the partial disposal of three assets for £181 million, supporting its capital allocation strategy. Despite challenges such as low wind speeds and volatile power prices, UKW maintained its dividend cover, demonstrating resilience and stability in income generation.
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 is a company operating in the renewable energy sector, primarily focusing on wind energy production. It is known for generating renewable electricity and has a significant market presence in the UK, with a focus on providing sustainable energy solutions.
Average Trading Volume: 3,369,542
Technical Sentiment Signal: Buy
Find detailed analytics on UKW stock on TipRanks’ Stock Analysis page.