Top Page
Harmony Energy Income Trust Plc
(LSE:HEIT)
Harmony Energy Income Trust Plc (HEIT) vs. iShares MSCI United Kingdom ETF (EWC)
Harmony Energy Income Trust Plc Business Overview & Revenue Model
Harmony Energy Income Trust Plc Financial Statement Overview
| Breakdown | |||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| -26.29M | -54.91M | 6.61M | 48.34M | Gross Profit |
| -26.29M | -54.91M | 4.45M | 48.34M | EBIT |
| -29.08M | 0.00 | 3.14M | 44.99M | EBITDA |
| 0.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -29.08M | -56.52M | 3.14M | 44.64M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 18.09M | 4.21M | 18.09M | 124.57M | Total Assets |
| 262.57M | 201.42M | 262.57M | 268.43M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -18.09M | -4.21M | -18.09M | -124.57M | Total Liabilities |
| 101.60K | 373.69K | 463.34K | 15.27M | Stockholders Equity |
| 262.11M | 201.05M | 262.11M | 253.16M |
| Cash Flow | Free Cash Flow | ||
| -1.75M | -3.08M | -4.62M | -4.29M | Operating Cash Flow |
| -1.75M | -3.08M | -4.62M | -4.29M | Investing Cash Flow |
| 21.09M | -6.26M | -86.13M | -61.50M | Financing Cash Flow |
| -13.63M | -4.54M | -15.73M | 180.79M |
Harmony Energy Income Trust Plc Technical Analysis
Harmony Energy Income Trust Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | £219.18M | ― | -24.41% | 6.34% | -490.72% | -1902.90% | |
57 Neutral | $7.06B | 3.04 | -3.49% | 5.80% | 0.53% | -50.39% | |
| £1.94M | ― | -20.03% | ― | ― | ― | ||
| £1.99M | ― | -21.16% | 21.43% | ― | ― | ||
66 Neutral | £318.21M | ― | -4.79% | 8.73% | 31.44% | -154.75% | |
53 Neutral | £234.94M | 91.94 | 0.71% | 6.43% | -7.28% | ― | |
51 Neutral | £471.07M | ― | -5.73% | 14.34% | ― | ― |
Harmony Energy Income Trust Plc Corporate Events
Harmony Energy Income Trust PLC, a UK-based company, has announced a change in its major holdings. Morgan Stanley has increased its voting rights in the company to 7.034771%, up from a previous position of 6.324227%. This acquisition of voting rights by a major financial institution like Morgan Stanley could potentially impact Harmony Energy’s strategic decisions and influence its market positioning, signaling confidence in the company’s future prospects.
Spark’s Take on GB:HEIT Stock
According to Spark, TipRanks’ AI Analyst, GB:HEIT is a Neutral.
Harmony Energy Income Trust Plc’s stock score reflects a mix of significant financial challenges and strong technical momentum. While the company faces negative financial performance, its solid technical indicators and positive corporate developments, such as potential acquisitions and strategic investments, enhance its outlook. However, the mixed valuation due to the negative P/E ratio and financial instability weigh down the score.
To see Spark’s full report on GB:HEIT stock, click here.
Harmony Energy Income Trust Plc announced that all resolutions were passed at its 2025 Annual General Meeting, including the approval of the directors’ remuneration report and dividend policy, as well as the re-election of several directors. This successful meeting reflects the company’s stable governance and strategic direction, potentially strengthening its position in the energy storage market and reassuring stakeholders of its operational continuity.
Spark’s Take on GB:HEIT Stock
According to Spark, TipRanks’ AI Analyst, GB:HEIT is a Neutral.
Harmony Energy’s stock score reflects a mix of financial challenges and technical strengths. The negative financial performance is offset by strong technical momentum and positive corporate developments, such as potential acquisitions and strategic investments, which enhance the stock’s outlook.
To see Spark’s full report on GB:HEIT stock, click here.
Harmony Energy Income Trust Plc announced that all resolutions at its 2025 Annual General Meeting were passed, including approvals for annual accounts, directors’ remuneration, and dividend policy. The re-election of directors and the re-appointment of Ernst & Young as auditors were also confirmed. These decisions reflect the company’s stable governance and operational continuity, potentially strengthening its position in the energy storage industry.
Spark’s Take on GB:HEIT Stock
According to Spark, TipRanks’ AI Analyst, GB:HEIT is a Neutral.
Harmony Energy’s stock score reflects a mix of financial challenges and technical strengths. The negative financial performance is offset by strong technical momentum and positive corporate developments, such as potential acquisitions and strategic investments, which enhance the stock’s outlook.
To see Spark’s full report on GB:HEIT stock, click here.
Harmony Energy Income Trust PLC has announced a change in its major holdings, with Morgan Stanley increasing its voting rights from 5.074956% to 6.324227%. This acquisition of voting rights by a major financial institution like Morgan Stanley could potentially strengthen Harmony Energy’s market position and influence, reflecting confidence in the company’s strategic direction and growth potential.
Spark’s Take on GB:HEIT Stock
According to Spark, TipRanks’ AI Analyst, GB:HEIT is a Neutral.
Harmony Energy Income Trust Plc’s overall stock score reflects a mix of significant financial challenges and positive technical momentum. While the company faces negative revenue and cash flow issues, the potential acquisition by Foresight Group and recent NAV increase offer promising prospects. Valuation remains mixed, impacted by the negative P/E ratio, but could improve with strategic changes and successful acquisition outcomes.
To see Spark’s full report on GB:HEIT stock, click here.
Harmony Energy Income Trust Plc (HEIT) has announced a proposed adjournment of its Court Meeting and General Meeting related to the Drax Offer, following a superior cash offer from PP Bidco Limited, managed by Foresight Group LLP. The HEIT directors unanimously recommend the Foresight Offer, urging shareholders to vote in favor of it and to disregard the Drax Offer, indicating a strategic shift in acquisition preference.
Spark’s Take on GB:HEIT Stock
According to Spark, TipRanks’ AI Analyst, GB:HEIT is a Neutral.
Harmony Energy Income Trust Plc’s overall stock score reflects significant financial challenges, marked by negative revenue and cash flow issues, which weigh heavily on the score. However, upward technical momentum and potential acquisition by Foresight Group provide positive prospects. The valuation remains mixed due to recent financial performance but could improve with strategic changes and successful acquisition outcomes.
To see Spark’s full report on GB:HEIT stock, click here.
Harmony Energy Income Trust Plc (HEIT) has announced a recommended cash acquisition by Drax BESS Holdco Limited, a subsidiary of Drax Group Plc, through a Court-sanctioned scheme of arrangement. The acquisition values HEIT at approximately £199.9 million, offering a premium on its share price, and is deemed fair and reasonable by HEIT’s directors. The acquisition is expected to impact HEIT’s trading status on the London Stock Exchange, with trading to be suspended following the scheme’s approval and implementation.
Spark’s Take on GB:HEIT Stock
According to Spark, TipRanks’ AI Analyst, GB:HEIT is a Neutral.
Harmony Energy Income Trust Plc’s overall stock score reflects significant financial challenges, marked by negative revenue and cash flow issues, which weigh heavily on the score. However, upward technical momentum and potential acquisition by Foresight Group provide positive prospects. The valuation remains mixed due to recent financial performance but could improve with strategic changes and successful acquisition outcomes.
To see Spark’s full report on GB:HEIT stock, click here.
Harmony Energy Income Trust PLC announced a change in its major holdings, with Premier Miton Group plc adjusting its voting rights from 5.047305% to 4.893207%. This adjustment reflects a minor reduction in Premier Miton’s stake, potentially impacting the company’s shareholder dynamics and market perception.
Morgan Stanley has acquired a significant voting interest in Harmony Energy Income Trust PLC, crossing the 5% threshold with a total of 11,526,662 voting rights, representing 5.074956% of the total. This acquisition could potentially influence the company’s strategic decisions and reflects Morgan Stanley’s interest in the renewable energy sector, potentially impacting stakeholders and the company’s market positioning.
Harmony Energy Income Trust PLC has announced a significant change in its shareholder structure, with Sand Grove Capital Management LLP acquiring a substantial financial instrument position. This acquisition results in Sand Grove holding 7.16% of the voting rights in Harmony Energy through equity CFDs, potentially impacting the company’s strategic decisions and signaling confidence in its market position.
Harmony Energy Income Trust PLC, a UK issuer, has announced a significant change in its major holdings. Samson Rock Capital LLP has acquired financial instruments resulting in a 5.41% voting rights position in the company. This acquisition could impact the company’s operations by potentially influencing decision-making processes and strategic directions, reflecting a notable shift in stakeholder dynamics.
Harmony Energy Income Trust PLC has announced a change in its voting rights structure following the acquisition or disposal of voting rights by EQ Investors Ltd. The notification indicates that EQ Investors Ltd now holds zero percent of the voting rights, a significant decrease from the previous 5.91%. This change could impact the company’s shareholder dynamics and influence its strategic decisions moving forward.
Harmony Energy Income Trust PLC has announced a change in the voting rights held by Waverton Investment Management Limited, which now holds 2.45% of the voting rights, down from a previous 3.28%. This adjustment in holdings reflects a strategic move by Waverton Investment Management Limited and may impact the company’s shareholder dynamics and influence in decision-making processes.
Harmony Energy Income Trust plc (HEIT) has announced a potential acquisition by Foresight Group LLP, valuing HEIT at £190.8 million with a possible cash offer of 84.0 pence per share. This offer represents a significant premium over recent share prices and is seen as a superior outcome for shareholders compared to HEIT’s ongoing asset sale process. The acquisition aligns with Foresight’s strategic focus on energy transition and renewable energy investments, potentially enhancing its market position in the UK battery storage sector. Discussions are ongoing to finalize the terms, with no certainty that a firm offer will be made.
Harmony Energy Income Trust plc has provided an update on its ongoing asset sale process. Despite the expiration of an exclusivity agreement with a preferred bidder, both parties are still working towards finalizing a definitive agreement, with further announcements expected soon. This development may impact the company’s strategic positioning in the energy storage sector and could have implications for stakeholders involved.
Harmony Energy Income Trust Plc reported a 4.36% increase in its unaudited Net Asset Value (NAV) as of January 31, 2025, driven by higher-than-expected revenues and operational efficiencies. The company’s portfolio generated significant revenue due to favorable market conditions, including rising wholesale price spreads and high dispatch rates in the balancing mechanism, which contributed to a robust financial performance. The company is also progressing with its asset sale process, although the outcome remains uncertain and subject to shareholder approval.
Harmony Energy Income Trust plc announced its financial results for the year ending October 31, 2024, highlighting a significant increase in operational revenue due to expanded capacity and the full operational status of its BESS portfolio. Despite a challenging revenue environment, the company achieved a 147% revenue increase and avoided an estimated 51,945 tonnes of CO2 emissions. The company is exploring asset sales in response to a share price trading below net asset value, while also achieving ESG milestones and engaging in industry reforms to enhance BESS utilization.
Harmony Energy Income Trust plc has provided an update on its ongoing asset sale process, which has been underway since April 2024. The company is in advanced negotiations with a preferred bidder for the sale of its full portfolio, though the process has been delayed due to the bidder’s due diligence requirements. The exclusivity agreement has been extended to March 10, 2025, but there is no certainty regarding the completion or terms of any sale, which would require shareholder approval. Harmony Energy also plans to release its annual report for the fiscal year ending October 2024 and its Net Asset Value as of January 2025 in late February 2025.