reports
Foresight Solar Fund Ltd: 1 director
A director at Foresight Solar Fund Ltd bought 40,000 shares at 81p and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
- Pedro Fonseca
Foresight Solar Fund - Termination of coverage
Edison Investment Research is terminating coverage on ABC Arbitrage (ABCA), paragon (PGN), Foresight Solar Fund (FSFL), Kendrion (KENDR), Lithium Power International (LPI), Triple Point Energy Transition (TENT), 4iG (4IG), e-therapeutics (ETX), Pharnext (ALPHA) and Shield Therapeutics (STX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our web...
Edison issues flash on Foresight Solar Fund (FSFL): Optimising capital...
Edison Investment Research Limited Edison issues flash on Foresight Solar Fund (FSFL): Optimising capital allocation 14-March-2024 / 09:42 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 14 March 2024 Edison issues flash on Foresight Solar Fund (FSFL): Optimising capital allocation Foresight Solar Fund (FSFL) celebrated its 10-year anniversary of listing on the London Stock Exchange with decade-high cash distributions from assets of £120.4m in its FY23 results (year end 31 December). FY23 also saw FSFL’s divestment programme come...
- Pedro Fonseca
Foresight Solar Fund - Optimising capital allocation
Foresight Solar Fund (FSFL) celebrated its 10-year anniversary of listing on the London Stock Exchange with decade-high cash distributions from assets of £120.4m in its FY23 results (year end 31 December). FY23 also saw FSFL’s divestment programme come to fruition with the sale of a 50% stake in its Spanish Lorca portfolio at a 21% premium to its holding value. The proceeds of this divestment, along with free cash, were used to pay down the fund’s variable rate debt via its revolving credit faci...
Edison issues flash on Foresight Solar Fund (FSFL): Q3 NAV and first s...
Edison Investment Research Limited Edison issues flash on Foresight Solar Fund (FSFL): Q3 NAV and first sale of divestment programme 17-Nov-2023 / 14:50 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 17 November 2023 Edison issues flash on Foresight Solar Fund (FSFL): Q3 NAV and first sale of divestment programme Foresight Solar Fund (FSFL) achieved record cash generation of £87.8m from its underlying assets to 30 September 2023, driven by favourable fixed prices, despite production being below budget. As a result, FSFL paid dow...
- Pedro Fonseca
Foresight Solar Fund - Q3 NAV and first sale of divestment programme
Foresight Solar Fund (FSFL) achieved record cash generation of £87.8m from its underlying assets to 30 September 2023, driven by favourable fixed prices, despite production being below budget. As a result, FSFL paid down £10m of its revolving credit facility (RCF) during the period. After the Q3 period, FSFL sold 50% of its 99MW Lorca portfolio in Spain for €26.9m, at a 21% premium to its Q3 holding value. The proceeds from this transaction will be used to further reduce the RCF. Global revenues...
Edison issues update on Foresight Solar Fund (FSFL): Generating solar ...
Edison Investment Research Limited Edison issues update on Foresight Solar Fund (FSFL): Generating solar power and cash 30-Oct-2023 / 09:51 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 30 October 2023 Edison issues update on Foresight Solar Fund (FSFL): Generating solar power and cash Foresight Solar Fund (FSFL) presents investors with an attractive dividend yield (8.6%), a 10-year track record of dividend growth (25% since IPO), strong cash dividend coverage (1.5x until at least 2025) and underlying revenue security (contract...
- Pedro Fonseca
Foresight Solar Fund - Generating solar power and cash
Foresight Solar Fund (FSFL) presents investors with an attractive dividend yield (8.6%), a 10-year track record of dividend growth (25% since IPO), strong cash dividend coverage (1.5x until at least 2025) and underlying revenue security (contracted revenue accounts for 90% of total revenue in 2023, 85% in 2024 and 75% in 2025). These appealing metrics are even more surprising given the fund operates in a structural growth industry. As FSFL reaches its 10-year anniversary, the competitiveness and...
- Pedro Fonseca
Foresight Solar Fund - Q2 NAV, trading and capital recycling update
Foresight Solar Fund (FSFL) released a strong operational trading update, with production 2.8% ahead of budget, cash receipts of £52.3m, 42% higher year on year, and forward power sales supporting a 1.5x dividend cover forecast by the company for the next three years. FSFL’s Q2 NAV/share was down 4.3p (-3.4%) from Q1 at 119.9p, with 74% of this move due to 50bp rise in discount rate assumptions for UK assets to 7.5%. FSFL trades at an attractive 19% discount to NAV and 8% dividend yield, in our ...
- Shonil Chande
LIBERUM: Alternatives Daily: FWD | POLN | TRIG | FSFL | APAX
Forward Partners - Note: Strong underlying portfolio performancePollen Street - Strong 1Q23 trading statement with continued momentum in AuMRenewables Infrastructure Group - Modest NAV growth in Q1 23Foresight Solar Fund - £10m share buyback programme; NAV lower on power price weaknessApax Global Alpha - Private equity returns remain resilient, Total NAV return of 1.9% in Q1 2023
- Shonil Chande
- Shonil Chande
- Shonil Chande
LIBERUM: Alternatives Daily: CHRY | FSFL | HGEN | CSH | CREI
Chrysalis Investments - Value accretive investment in Starling BankForesight Solar - NAV mostly flat as power price assumptions are offset by inflation increasesHydrogenOne Capital Growth - Modest Q4 NAV return increases discount to 21%Civitas Social Housing - Valuation holding up relatively wellCustodian REIT - -11% NAV TR in Q4 2022 and -8% for the calendar year
- Pedro Fonseca
Foresight Solar Fund - Growth ambitions
Foresight Solar Fund (FSFL) is the largest solar investor listed in the UK by total net peak capacity of c 1.07GW (when operational). We believe that the global and UK climate change policies will remain renewable energy friendly, creating further solar and battery storage growth opportunities for FSFL. FSFL provides investors with a covered, sustainable and growing dividend (even in 2020 amid depressed power prices). It is focused on further strengthening its dividend cover (1.21x in FY21, targ...
- Pedro Fonseca
Foresight Solar Fund - Powered by merchant exposure
Foresight Solar Fund (FSFL) is the largest solar investor listed in the UK by installed capacity. With power prices more than tripling in 2021, FSFL’s c 25% merchant share of revenues allows the fund to benefit from this increase. While a lower discount rate was the largest contributor to the NAV per share increase to 104.1p in Q321 (98.0p at end-June 2021), power prices were the key external factor affecting the NAV. FSFL provides investors with a covered, sustainable and growing dividend (incl...
- Pedro Fonseca
Foresight Solar Fund - Powered by merchant exposure
Foresight Solar Fund (FSFL) is the largest solar investor listed in the UK by installed capacity. With power prices more than tripling in 2021, FSFL’s c 25% merchant share of revenues allows the fund to benefit from this increase. While a lower discount rate was the largest contributor to the NAV per share increase to 104.1p in Q321 (98.0p at end-June 2021), power prices were the key external factor affecting the NAV. FSFL provides investors with a covered, sustainable and growing dividend (incl...
Edison Investment Research Limited: Foresight Solar Fund (FSFL): Initi...
Edison Investment Research Limited Edison Investment Research Limited: Foresight Solar Fund (FSFL): Initiation - Solar energy - the future is here 19-Feb-2021 / 07:00 GMT/BST London, UK, 19 February 2021 Foresight Solar Fund (FSFL): Initiation - Solar energy - the future is here Foresight Solar Fund (FSFL) has consistently delivered on its investment objective from its launch in October 2013. It is the largest UK solar player and provides investors with a covered, sustainable and growing dividend, underpinned by subsidised assets in the UK and high-return growth opportunitie...
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