Greencoat UK Wind PLC (GB:UKW)
LSE:UKW
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Greencoat UK Wind
(LSE:UKW)
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Rating:54Neutral
Price Target:
107.00 p
▲(8.32% Upside)
Action:Reiterated
Date:03/04/26
The score is held back primarily by weak recent profitability and earnings volatility (including losses and zero free cash flow in 2025). Technicals are also soft with a downtrend versus longer moving averages and negative MACD. The main offset is valuation support from a very high dividend yield, alongside moderate leverage and positive operating cash flow.
Positive Factors
Operating cash flow
Consistently positive operating cash flow (≈£274m in 2025) shows the underlying wind asset portfolio generates recurring cash even when accounting earnings are weak. Durable OCF supports dividend distributions, routine capex and debt service, preserving financial flexibility over the next several months.
Negative Factors
Earnings volatility and losses
Large swings from strong profits in earlier years to material losses reduce earnings quality and visibility. Persistent profitability volatility complicates planning for dividends and reinvestment, and raises the risk that distributable cash may be lower or more variable over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow
Consistently positive operating cash flow (≈£274m in 2025) shows the underlying wind asset portfolio generates recurring cash even when accounting earnings are weak. Durable OCF supports dividend distributions, routine capex and debt service, preserving financial flexibility over the next several months.
Read all positive factors
Greencoat UK Wind (UKW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.27B
Dividend Yield10.51%
Average Volume (3M)4.38M
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue Growth-0.66%
EPS Growth-251.21%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.09
Shares Outstanding2,158,742,400
10 Day Avg. Volume3,968,081
30 Day Avg. Volume4,381,195
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.75
Price to Sales (P/S)5.42
P/FCF Ratio7.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£125.00Price Target Upside26.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)£460.90M
Greencoat UK Wind Business Overview & Revenue Model
Company Description
Greencoat UK Wind PLC specializes in renewable energy infrastructure, focusing its investments on wind generation assets and both onshore and offshore wind farm projects exceeding 10 megawatts in capacity. For offshore wind farms, the fund targets...
How the Company Makes Money
UKW makes money by owning wind farm assets that generate electricity and associated renewable attributes, producing cash flows that are ultimately available for dividends and reinvestment after operating costs, debt service (where used), and expen...
Greencoat UK Wind Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 400.23M | -33.63M | 234.38M | 579.03M | 376.95M |
| Gross Profit | 377.02M | -33.63M | 234.38M | 1.03B | 350.24M |
| EBITDA | -98.61M | -38.65M | 193.98M | 986.64M | 393.91M |
| Net Income | -192.62M | -55.41M | 126.19M | 953.86M | 363.22M |
Balance Sheet | |||||
| Total Assets | 4.64B | 5.19B | 5.60B | 4.98B | 4.05B |
| Cash, Cash Equivalents and Short-Term Investments | 14.22M | 188.00K | 21.80M | 19.78M | 4.80M |
| Total Debt | 1.72B | 1.76B | 1.79B | 1.10B | 950.00M |
| Total Liabilities | 1.75B | 1.78B | 1.81B | 1.11B | 956.28M |
| Stockholders Equity | 2.88B | 3.41B | 3.79B | 3.87B | 3.09B |
Cash Flow | |||||
| Free Cash Flow | 273.86M | 391.01M | 359.80M | 545.85M | 242.26M |
| Operating Cash Flow | 273.86M | 391.01M | 359.80M | 545.85M | 242.26M |
| Investing Cash Flow | 110.75M | 54.64M | -773.47M | -475.34M | -563.49M |
| Financing Cash Flow | -376.18M | -461.66M | 415.69M | -55.53M | 318.14M |
Greencoat UK Wind Technical Analysis
Positive
98.78
Price Trends
99.99
Positive
96.74
Positive
96.35
Positive
Market Momentum
1.43
Negative
63.75
Neutral
87.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UKW, the sentiment is Positive. The current price of 98.78 is below the 20-day moving average (MA) of 102.58, below the 50-day MA of 99.99, and above the 200-day MA of 96.35, indicating a bullish trend. The MACD of 1.43 indicates Negative momentum. The RSI at 63.75 is Neutral, neither overbought nor oversold. The STOCH value of 87.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:UKW.
Greencoat UK Wind Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £475.19M | 12.29 | 44.99% | 5.73% | 10.71% | 29.94% | |
65 Neutral | £260.13M | -8.11 | -6.58% | 8.18% | -9.72% | -25.25% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | £2.27B | -11.74 | -6.35% | 10.51% | -0.66% | -251.21% | |
51 Neutral | £29.66M | -12.59 | -22.43% | ― | ― | 41.22% | |
44 Neutral | $21.54M | -2.41 | -47.36% | 3.45% | -65.77% | 81.79% |
* General Sector Average
GB:UKW
Greencoat UK Wind
105.00
-2.57
-2.39%
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GB:GSF
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GB:EGT
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Greencoat UK Wind Corporate Events
Other
Greencoat UK Wind Director Buys 30,000 Shares
Positive
Jun 11, 2026
Greencoat UK Wind has disclosed that non-executive director Caoimhe Giblin purchased 30,000 ordinary shares in the company at a price of £1.015 per share. The transaction, executed on 9 June 2026 on the London Stock Exchange’s Main Mark...
Regulatory Filings and Compliance
Greencoat UK Wind Confirms Total Voting Rights After Treasury Share Update
Neutral
Jun 1, 2026
Greencoat UK Wind PLC has reported that, as of market close on 29 May 2026, it has 2,158,742,409 issued ordinary shares of 1 pence each admitted to trading, each carrying one vote at general meetings. The company also holds 148,706,247 shares in t...
Business Operations and StrategyStock BuybackShareholder Meetings
Greencoat UK Wind Wins Strong Shareholder Backing at AGM
Positive
May 20, 2026
Greencoat UK Wind reported that all 19 resolutions at its latest annual general meeting were approved, with shareholders voting by a large majority to continue the company in its current closed-ended investment structure. The high turnout and 97.0...
Other
Greencoat UK Wind Chairman Buys 50,000 Shares on London Market
Positive
May 14, 2026
Greencoat UK Wind has disclosed that its chairman, Lucinda Riches, purchased 50,000 ordinary shares in the company on 13 May 2026. The transaction, executed on the London Stock Exchange’s Main Market at a price of £1.01657 per share, re...
Business Operations and StrategyRegulatory Filings and Compliance
Greencoat UK Wind Updates Share Transfer and Voting Rights After Treasury Reissue
Neutral
May 7, 2026
Greencoat UK Wind has reinstated 275,033 treasury shares with full voting rights and issued them to its investment manager, Schroders Greencoat LLP, as part of the fee arrangements under their Investment Management Agreement. The shares, relating ...
Business Operations and Strategy
Greencoat UK Wind Releases 2025 ESG Report
Positive
Apr 27, 2026
Greencoat UK Wind PLC has published its 2025 ESG Report, making it available on the company’s website for investors and stakeholders. The release underlines the firm’s ongoing emphasis on environmental, social and governance transparen...
Business Operations and StrategyFinancial Disclosures
Greencoat UK Wind Flags NAV Hit as UK to Scrap Carbon Price Support
Negative
Apr 17, 2026
Greencoat UK Wind has responded to the UK Government’s decision to legislate for the removal of Carbon Price Support from April 2028, a tax that currently tops up the UK carbon price and supports power prices when fossil fuel generators set ...
Regulatory Filings and ComplianceShareholder Meetings
Greencoat UK Wind Sets Date and Details for 2026 AGM
Neutral
Apr 16, 2026
Greencoat UK Wind has scheduled its Annual General Meeting for 19 May 2026 at 1 London Wall Place in London, inviting shareholders to review and vote on company matters. The notice of the AGM and proxy form have been sent to shareholders and are a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.