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US Solar Fund ( (GB:USF) ) has provided an announcement.
US Solar Fund plc reported a challenging year in 2024, with a decrease in net asset value driven by market dynamics and election uncertainties impacting asset valuations. Despite these challenges, the company maintained shareholder distributions and adjusted its financial strategies, including resizing its credit facility and planning a refinancing by April 2025. The company remains optimistic about its robust operational portfolio and continues to focus on enhancing asset performance and exploring refinancing options to deliver shareholder value. The upcoming AGM will address a special resolution due to trading at a discount, with the board recommending against discontinuation amid market uncertainties.
More about US Solar Fund
US Solar Fund plc, established in 2019 and listed on the London Stock Exchange, focuses on owning and operating solar power assets in North America and other OECD countries in the Americas. The company aims to provide investors with sustainable dividends and capital growth by selling electricity through long-term power purchase agreements. Its portfolio includes 41 operational solar projects with a total capacity of 443MWDC, all located in the United States.
YTD Price Performance: -20.24%
Average Trading Volume: 611,817
Technical Sentiment Signal: Strong Buy
Find detailed analytics on USF stock on TipRanks’ Stock Analysis page.