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Greencoat UK Wind ( (GB:UKW) ) has issued an announcement.
Greencoat UK Wind PLC has announced the reinstatement of 250,081 shares from treasury with full rights, issuing them to Schroders Greencoat LLP, the Investment Manager, as part of their Investment Management Agreement. This move increases the Investment Manager’s beneficial interest to 5,635,184 shares, representing 0.3% of the issued share capital, and highlights the company’s strategic alignment with its investment partners, potentially impacting shareholder interests and market positioning.
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 PLC operates in the renewable energy sector, focusing on wind power generation. The company is involved in the management and investment in wind farms across the UK, aiming to provide sustainable energy solutions.
Average Trading Volume: 4,778,961
Technical Sentiment Signal: Sell
For a thorough assessment of UKW stock, go to TipRanks’ Stock Analysis page.