NESF NextEnergy Solar Fund

EQS-News: NextEnergy Solar Fund 'very happy' with interim results

EQS-News: NextEnergy Solar Fund Ltd
NextEnergy Solar Fund 'very happy' with interim results

23.11.2022 / 12:07 CET/CEST
The issuer is solely responsible for the content of this announcement.


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News Source: News Direct


23.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language: English
Company: NextEnergy Solar Fund Ltd
United States
ISIN: GG00BJ0JVY01
EQS News ID: 1494817

 
End of News EQS News Service

1494817  23.11.2022 CET/CEST

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23/11/2022

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Reports on NextEnergy Solar Fund

James Carthew ... (+2)
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  • Matthew Read

NextEnergy Solar Fund – High- and growing-income opportunity?

NextEnergy Solar Fund (NESF) is almost 10 years old. Since launch, it has built a £1.2bn, 933MW portfolio of 100 operating solar assets, powering the equivalent of over 330,000 homes, declared dividends totalling £333m, and avoided the emission of about 2.2 Mt CO2e. NESF is on track to pay 8.35p in dividends, with forecast dividend cover of about 1.3x. Share price weakness that has afflicted the whole sector means that dividend translates to a yield of 11.1%, one of the highest in its sector, a...

James Carthew
  • James Carthew

NextEnergy Solar Fund – High- and growing-income opportunity?

NextEnergy Solar Fund (NESF) is almost 10 years old. Since launch, it has built a £1.2bn, 933MW portfolio of 100 operating solar assets, powering the equivalent of over 330,000 homes, declared dividends totalling £333m, and avoided the emission of about 2.2 Mt CO2e. NESF is on track to pay 8.35p in dividends, with forecast dividend cover of about 1.3x. Share price weakness that has afflicted the whole sector means that dividend translates to a yield of 11.1%, one of the highest in its sector, a...

Nigel Hawkins
  • Nigel Hawkins

Hardman & Co Insight: 2023 was an annus horribilis for Quoted UK Infra...

The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and the key issues, including interest rates, inflation and power prices. As a 31-strong group, its combined market capitalisation is no...

Brian Moretta ... (+4)
  • Brian Moretta
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The Hardman & Co Monthly: August 2023

Feature article: UK interest rates and “risk-free” gilts at their peak? Infrastructure stocks struggle Executive summary Infrastructure/Renewable Energy Funds ► The share price performances of the nine Infrastructure Investment Companies (IICs) and of the 22 Renewable Energy Infrastructure Funds (REIFs) have been dire over the past year. Undoubtedly, the sharp rise in interest rates has presented the sector with serious challenges, especially since the yield on “risk-free” 10-year gilts has r...

James Carthew ... (+2)
  • James Carthew
  • Matthew Read

NextEnergy Solar Fund – Recycling champion

From an operational standpoint, NextEnergy Solar Fund (NESF) is doing well. As we discuss on page 4 of this note, the board, encouraged by a high proportion of predictable revenue, has felt comfortable in declaring an inflation-matching 11% increase in NESF’s dividend, and is confident that this will be well-covered by earnings. In the face of a difficult market for fundraising, NESF’s managers propose recycling capital from its portfolio of subsidy-free solar assets. In the short term, the pro...

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