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Harmony Energy Income Trust Plc
(LSE:HEIT)
Harmony Energy Income Trust Plc (HEIT) vs. S&P 500 (SPY)
Harmony Energy Income Trust Plc Business Overview & Revenue Model
Harmony Energy Income Trust Plc Financial Statement Overview
| Breakdown | |||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| -26.29M | -54.91M | 6.61M | 48.34M | Gross Profit |
| -26.29M | -54.91M | 4.45M | 48.34M | EBIT |
| -29.08M | 0.00 | 3.14M | 44.99M | EBITDA |
| 0.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -29.08M | -56.52M | 3.14M | 44.64M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 18.09M | 4.21M | 18.09M | 124.57M | Total Assets |
| 262.57M | 201.42M | 262.57M | 268.43M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -18.09M | -4.21M | -18.09M | -124.57M | Total Liabilities |
| 101.60K | 373.69K | 463.34K | 15.27M | Stockholders Equity |
| 262.11M | 201.05M | 262.11M | 253.16M |
| Cash Flow | Free Cash Flow | ||
| -1.75M | -3.08M | -4.62M | -4.29M | Operating Cash Flow |
| -1.75M | -3.08M | -4.62M | -4.29M | Investing Cash Flow |
| 21.09M | -6.26M | -86.13M | -61.50M | Financing Cash Flow |
| -13.63M | -4.54M | -15.73M | 180.79M |
Harmony Energy Income Trust Plc Technical Analysis
Harmony Energy Income Trust Plc Peers Comparison
Harmony Energy Income Trust Plc Corporate Events
Harmony Energy Income Trust PLC, a UK issuer, has announced a significant change in its major holdings. Samson Rock Capital LLP has acquired financial instruments resulting in a 5.41% voting rights position in the company. This acquisition could impact the company’s operations by potentially influencing decision-making processes and strategic directions, reflecting a notable shift in stakeholder dynamics.
Harmony Energy Income Trust PLC has announced a change in its voting rights structure following the acquisition or disposal of voting rights by EQ Investors Ltd. The notification indicates that EQ Investors Ltd now holds zero percent of the voting rights, a significant decrease from the previous 5.91%. This change could impact the company’s shareholder dynamics and influence its strategic decisions moving forward.
Harmony Energy Income Trust PLC has announced a change in the voting rights held by Waverton Investment Management Limited, which now holds 2.45% of the voting rights, down from a previous 3.28%. This adjustment in holdings reflects a strategic move by Waverton Investment Management Limited and may impact the company’s shareholder dynamics and influence in decision-making processes.
Harmony Energy Income Trust plc (HEIT) has announced a potential acquisition by Foresight Group LLP, valuing HEIT at £190.8 million with a possible cash offer of 84.0 pence per share. This offer represents a significant premium over recent share prices and is seen as a superior outcome for shareholders compared to HEIT’s ongoing asset sale process. The acquisition aligns with Foresight’s strategic focus on energy transition and renewable energy investments, potentially enhancing its market position in the UK battery storage sector. Discussions are ongoing to finalize the terms, with no certainty that a firm offer will be made.
Harmony Energy Income Trust plc has provided an update on its ongoing asset sale process. Despite the expiration of an exclusivity agreement with a preferred bidder, both parties are still working towards finalizing a definitive agreement, with further announcements expected soon. This development may impact the company’s strategic positioning in the energy storage sector and could have implications for stakeholders involved.
Harmony Energy Income Trust Plc reported a 4.36% increase in its unaudited Net Asset Value (NAV) as of January 31, 2025, driven by higher-than-expected revenues and operational efficiencies. The company’s portfolio generated significant revenue due to favorable market conditions, including rising wholesale price spreads and high dispatch rates in the balancing mechanism, which contributed to a robust financial performance. The company is also progressing with its asset sale process, although the outcome remains uncertain and subject to shareholder approval.
Harmony Energy Income Trust plc announced its financial results for the year ending October 31, 2024, highlighting a significant increase in operational revenue due to expanded capacity and the full operational status of its BESS portfolio. Despite a challenging revenue environment, the company achieved a 147% revenue increase and avoided an estimated 51,945 tonnes of CO2 emissions. The company is exploring asset sales in response to a share price trading below net asset value, while also achieving ESG milestones and engaging in industry reforms to enhance BESS utilization.
Harmony Energy Income Trust plc has provided an update on its ongoing asset sale process, which has been underway since April 2024. The company is in advanced negotiations with a preferred bidder for the sale of its full portfolio, though the process has been delayed due to the bidder’s due diligence requirements. The exclusivity agreement has been extended to March 10, 2025, but there is no certainty regarding the completion or terms of any sale, which would require shareholder approval. Harmony Energy also plans to release its annual report for the fiscal year ending October 2024 and its Net Asset Value as of January 2025 in late February 2025.