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Greencoat UK Wind
(LSE:UKW)
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Rating:57Neutral
Price Target:
120.00 p
â–²(8.70% Upside)
Action:Reiterated
Date:08/06/26
GB:UKW scores 57, driven primarily by weaker financial performance due to sharp profitability volatility, recent losses, and free cash flow dropping to zero in 2025, partially offset by consistently positive operating cash flow and a not-overstretched balance sheet. Technicals are supportive with a clear uptrend, but overbought signals add risk. Valuation is pressured by an extremely high P/E, with the high dividend yield providing some offset.
Positive Factors
Operating Cash Flow
Consistently positive operating cash flow (~£274m in 2025) indicates the core wind asset portfolio generates real cash from operations. That durable cash generation supports maintenance capex, servicing of debt, and the capacity to pay dividends even when reported earnings swing.
Negative Factors
Profitability Volatility
Large swings from multi-year profits to deep losses (net margin -48% in 2025) reduce visibility of sustainable earnings. This volatility complicates dividend forecasting, increases reliance on non-operating items or valuation changes, and raises investor uncertainty about recurring cash available.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cash Flow
Consistently positive operating cash flow (~£274m in 2025) indicates the core wind asset portfolio generates real cash from operations. That durable cash generation supports maintenance capex, servicing of debt, and the capacity to pay dividends even when reported earnings swing.
Read all positive factors
Greencoat UK Wind (UKW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.38B
Dividend Yield9.56%
Average Volume (3M)3.87M
Price to Earnings (P/E)345.0
Beta (1Y)0.43
Revenue Growth9.05%
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,158,897,000
10 Day Avg. Volume3,168,778
30 Day Avg. Volume3,869,221
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.75
Price to Sales (P/S)5.42
P/FCF Ratio7.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£121.00Price Target Upside9.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.04
Revenue Forecast (FY)£502.40M
Greencoat UK Wind Business Overview & Revenue Model
Company Description
Greencoat UK Wind PLC specializes in renewable energy infrastructure, focusing its investments on wind generation assets and both onshore and offshore wind farm projects exceeding 10 megawatts in capacity. For offshore wind farms, the fund targets...
How the Company Makes Money
UKW makes money by owning wind farms that generate electricity and then monetizing the output and related contractual/support revenues. Its primary revenue stream is electricity sales: wind farms produce power that is sold into the UK electricity ...
Greencoat UK Wind Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 435.79M | 400.23M | -33.63M | 234.38M | 579.03M | 376.95M |
| Gross Profit | 413.80M | 377.02M | -33.63M | 234.38M | 1.03B | 350.24M |
| EBITDA | 89.82M | -98.61M | -38.65M | 193.98M | 986.64M | 393.91M |
| Net Income | 6.95M | -192.62M | -55.41M | 126.19M | 953.86M | 363.22M |
Balance Sheet | ||||||
| Total Assets | 4.61B | 4.64B | 5.19B | 5.60B | 4.98B | 4.05B |
| Cash, Cash Equivalents and Short-Term Investments | 69.04M | 14.22M | 188.00K | 21.80M | 19.78M | 4.80M |
| Total Debt | 1.69B | 1.72B | 1.76B | 1.79B | 1.10B | 950.00M |
| Total Liabilities | 1.72B | 1.75B | 1.78B | 1.81B | 1.11B | 956.28M |
| Stockholders Equity | 2.89B | 2.88B | 3.41B | 3.79B | 3.87B | 3.09B |
Cash Flow | ||||||
| Free Cash Flow | 317.42M | 273.86M | 391.01M | 359.80M | 545.85M | 242.26M |
| Operating Cash Flow | 317.42M | 273.86M | 391.01M | 359.80M | 545.85M | 242.26M |
| Investing Cash Flow | 109.22M | 110.75M | 54.64M | -773.47M | -475.34M | -563.49M |
| Financing Cash Flow | -367.21M | -376.18M | -461.66M | 415.69M | -55.53M | 318.14M |
Greencoat UK Wind Technical Analysis
Positive
110.40
Price Trends
106.44
Positive
102.16
Positive
96.77
Positive
Market Momentum
0.63
Positive
56.46
Neutral
66.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UKW, the sentiment is Positive. The current price of 110.4 is above the 20-day moving average (MA) of 110.16, above the 50-day MA of 106.44, and above the 200-day MA of 96.77, indicating a bullish trend. The MACD of 0.63 indicates Positive momentum. The RSI at 56.46 is Neutral, neither overbought nor oversold. The STOCH value of 66.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:UKW.
Greencoat UK Wind Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £528.87M | 12.59 | 46.72% | 5.23% | 7.26% | 30.92% | |
60 Neutral | £35.05M | -14.94 | -27.93% | ― | ― | 41.22% | |
57 Neutral | £2.38B | 345.00 | 0.24% | 9.56% | 9.05% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | $20.16M | -1.92 | -18.19% | 49.26% | -65.77% | 81.79% | |
39 Underperform | £244.97M | -2.02 | -28.75% | 15.04% | 102.27% | -2044.26% |
* General Sector Average
GB:UKW
Greencoat UK Wind
110.20
11.82
12.02%
GB:GV1O
Gresham House Renewable Energy VCT 1 PLC
5.50
-3.11
-36.11%
GB:GSF
Gore Street Energy Storage
47.80
0.08
0.16%
GB:FSG
Foresight Group Holdings Ltd.
476.50
39.26
8.98%
GB:RNEW
Ecofin U.S. Renewables Infrastructure Trust Plc
0.15
>-0.01
-5.19%
GB:EGT
European Green Transition Plc
13.00
6.25
92.59%
Greencoat UK Wind Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Greencoat UK Wind Delivers Strong Cash Generation as Shares Trade on Deep Discount
Positive
Jul 31, 2026
Greencoat UK Wind reported a robust first half of 2026, with total shareholder return of 9.2% and a 4.4% return on NAV, largely driven by dividends. Net cash generation reached £221.6 million, ahead of budget, as electricity output came in 4....
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Greencoat UK Wind posts strong H1 cash generation and lifts inflation-linked dividend target
Positive
Jul 30, 2026
Greencoat UK Wind reported a robust first half of 2026, with its wind portfolio generating 3,003 GWh of electricity, 4.9% above budget, driving net cash generation of £222 million and a dividend cover of 1.9 times. Net asset value stood at &#...
Business Operations and Strategy
Greencoat UK Wind flagged in new Kepler research for long-term investors
Positive
Jul 2, 2026
Greencoat UK Wind has highlighted a new in-depth research note on the trust produced by Kepler Trust Intelligence’s investment companies team, aimed at providing long-term investors with a comprehensive reference on the fund’s fundamen...
Regulatory Filings and Compliance
Greencoat UK Wind Updates Total Voting Rights and Share Capital
Neutral
Jul 1, 2026
Greencoat UK Wind PLC reported that as of 30 June 2026 it had 2,158,617,409 ordinary shares in issue, each carrying one vote at general meetings, and 148,831,247 shares held in treasury. The company confirmed that the total voting rights figure of...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Greencoat UK Wind boosts treasury stock with latest share buyback
Positive
Jun 30, 2026
Greencoat UK Wind PLC is a London-listed investment company focused on acquiring and managing operational UK wind farms, providing investors with exposure to renewable energy infrastructure and long-term income streams. The company holds a large i...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Greencoat UK Wind Sets Half-Year Results Date and Activates Share Buyback Plan
Positive
Jun 23, 2026
Greencoat UK Wind PLC will publish its net asset value, quarterly dividend and half-year results for the period to 30 June 2026 on 30 July 2026, alongside a live webcast for investors and analysts that will be available via its website. The compan...
Other
Greencoat UK Wind Director Buys 30,000 Shares
Positive
Jun 11, 2026
Greencoat UK Wind has disclosed that non-executive director Caoimhe Giblin purchased 30,000 ordinary shares in the company at a price of £1.015 per share. The transaction, executed on 9 June 2026 on the London Stock Exchange’s Main Mark...
Regulatory Filings and Compliance
Greencoat UK Wind Confirms Total Voting Rights After Treasury Share Update
Neutral
Jun 1, 2026
Greencoat UK Wind PLC has reported that, as of market close on 29 May 2026, it has 2,158,742,409 issued ordinary shares of 1 pence each admitted to trading, each carrying one vote at general meetings. The company also holds 148,706,247 shares in t...
Business Operations and StrategyStock BuybackShareholder Meetings
Greencoat UK Wind Wins Strong Shareholder Backing at AGM
Positive
May 20, 2026
Greencoat UK Wind reported that all 19 resolutions at its latest annual general meeting were approved, with shareholders voting by a large majority to continue the company in its current closed-ended investment structure. The high turnout and 97.0...
Other
Greencoat UK Wind Chairman Buys 50,000 Shares on London Market
Positive
May 14, 2026
Greencoat UK Wind has disclosed that its chairman, Lucinda Riches, purchased 50,000 ordinary shares in the company on 13 May 2026. The transaction, executed on the London Stock Exchange’s Main Market at a price of £1.01657 per share, re...
Business Operations and StrategyRegulatory Filings and Compliance
Greencoat UK Wind Updates Share Transfer and Voting Rights After Treasury Reissue
Neutral
May 7, 2026
Greencoat UK Wind has reinstated 275,033 treasury shares with full voting rights and issued them to its investment manager, Schroders Greencoat LLP, as part of the fee arrangements under their Investment Management Agreement. The shares, relating ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.