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Riverstone Energy ( (GB:RSE) ) has provided an announcement.
Riverstone Energy Limited has announced the proposed sale of its entire interest in Onyx Power to ResInvest Group for approximately $49 million. The transaction is expected to be completed in the first quarter of 2026, with plans to return the net sale proceeds to shareholders through a compulsory redemption of ordinary shares, potentially impacting the company’s financial structure and shareholder value.
Spark’s Take on GB:RSE Stock
According to Spark, TipRanks’ AI Analyst, GB:RSE is a Neutral.
Riverstone Energy Limited’s overall stock score is primarily impacted by its ongoing financial struggles, notably negative revenue and cash flow. While a strong balance sheet and strategic share buybacks provide some stability, the bearish technical indicators and poor valuation metrics suggest a cautious outlook. Improvement in core financial metrics is essential for attracting investors and achieving a more favorable stock score.
To see Spark’s full report on GB:RSE stock, click here.
More about Riverstone Energy
Riverstone Energy Limited (REL) is a closed-ended investment company focusing on the energy industry, with its shares listed on the London Stock Exchange under the symbol RSE. The company currently maintains four active investments in areas such as decarbonisation, renewable energy, and power across the Continental U.S. and Europe.
Average Trading Volume: 25,921
Technical Sentiment Signal: Buy
See more insights into RSE stock on TipRanks’ Stock Analysis page.