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US Solar Fund
(LSE:USF)
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Rating:58Neutral
Price Target:
$0.39
▲(2.63% Upside)
Action:Reiterated
Date:09/13/26
The score is held back primarily by weak and volatile profitability (including large recent losses) despite supportive fundamentals from a debt-free balance sheet and consistently positive cash generation. Technicals indicate a modest uptrend but with overbought momentum signals, while valuation is helped by a ~6% dividend yield but lacks a usable P/E-based check.
Positive Factors
Contracted solar cash flows
The fund’s focus on operating and contracted US solar assets supports recurring infrastructure-style cash flows over multiple periods. Long-term power arrangements can improve revenue visibility and provide a durable foundation for shareholder distributions, subject to production and contract performance.
Negative Factors
Weak and volatile profitability
Large losses in 2023–2024 and only a partial recovery in 2025 demonstrate that reported profitability remains fragile. Slightly negative margins and volatile revenue reduce earnings quality and make the fund’s sustainable return profile less predictable over the next several periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted solar cash flows
The fund’s focus on operating and contracted US solar assets supports recurring infrastructure-style cash flows over multiple periods. Long-term power arrangements can improve revenue visibility and provide a durable foundation for shareholder distributions, subject to production and contract performance.
Read all positive factors
US Solar Fund (USF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
$115.44M
Dividend Yield6%
Average Volume (3M)109.22K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.04
Shares Outstanding307,833,370
10 Day Avg. Volume81,000
30 Day Avg. Volume109,216
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
US Solar Fund Business Overview & Revenue Model
Company Description
US Solar Fund Plc engages in the investment to a diversified portfolio of Solar Power Assets located in North America and other countries forming part of the Organisation for Economic Co-operation and Development (OECD) in the Americas. The compan...
How the Company Makes Money
US Solar Fund makes money by earning cash distributions generated by its underlying solar PV assets and passing net returns (after expenses) to shareholders. The primary revenue model is infrastructure-style: (1) contracted electricity sales—portf...
US Solar Fund Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.40M | 1.28M | -33.40M | 26.95M | 15.73M | 9.66M |
| Gross Profit | 20.11M | 1.28M | -33.40M | -40.20M | 20.11M | 6.74M |
| EBITDA | 14.49M | -49.00K | -34.88M | -43.02M | 14.86M | 14.85M |
| Net Income | 14.49M | -49.00K | -34.88M | -43.06M | 14.49M | 14.95M |
Balance Sheet | ||||||
| Total Assets | 326.18M | 187.03M | 194.99M | 259.37M | 326.18M | 330.85M |
| Cash, Cash Equivalents and Short-Term Investments | 7.33M | 1.53M | 890.00K | 1.55M | 7.33M | 16.16M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.15M | 820.00K | 835.00K | 1.14M | 6.15M | 6.85M |
| Stockholders Equity | 320.02M | 186.21M | 194.15M | 258.23M | 320.02M | 324.00M |
Cash Flow | ||||||
| Free Cash Flow | 17.13M | 8.54M | 9.54M | 18.05M | 17.14M | 6.67M |
| Operating Cash Flow | 17.13M | 8.54M | 9.54M | 18.05M | 17.14M | 6.67M |
| Investing Cash Flow | -7.20M | 0.00 | 19.00M | 0.00 | -7.20M | -110.00M |
| Financing Cash Flow | -18.40M | -7.90M | -29.20M | -23.79M | -18.40M | 118.86M |
US Solar Fund Technical Analysis
Positive
0.38
Price Trends
0.37
Positive
0.36
Positive
0.34
Positive
Market Momentum
<0.01
Positive
70.69
Negative
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:USF, the sentiment is Positive. The current price of 0.38 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.37, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 70.69 is Negative, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:USF.
US Solar Fund Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £488.53M | 11.59 | 46.72% | 6.15% | 7.26% | 30.92% | |
58 Neutral | $115.44M | ― | -0.03% | 6.00% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | £33.70M | -10.78 | -30.47% | ― | ― | -34.88% | |
49 Neutral | £249.52M | -2.05 | -28.75% | 18.15% | 102.27% | -2044.26% | |
44 Neutral | $19.47M | -1.11 | -41.11% | 51.01% | 54.08% | 50.80% |
* General Sector Average
GB:USF
US Solar Fund
0.38
<0.01
1.08%
GB:GV1O
Gresham House Renewable Energy VCT 1 PLC
5.50
-3.11
-36.11%
GB:GSF
Gore Street Energy Storage
48.70
5.71
13.28%
GB:FSG
Foresight Group Holdings Ltd.
426.00
-16.53
-3.74%
GB:RNEW
Ecofin U.S. Renewables Infrastructure Trust Plc
0.14
-0.01
-9.03%
GB:EGT
European Green Transition Plc
12.75
6.50
104.00%
US Solar Fund Corporate Events
Business Operations and StrategyM&A Transactions
US Solar Fund Extends Exclusivity for Potential Sale of Entire Solar Portfolio
Neutral
Aug 17, 2026
US Solar Fund has extended by 60 days the exclusivity period granted to a prospective buyer for the proposed sale of USF Holding Corp, the subsidiary that owns its entire portfolio of solar generation assets. The extension, now running to 16 Octob...
Business Operations and StrategyDividendsFinancial Disclosures
US Solar Fund Holds NAV Steady as Solar Output Lags but Asset Sale Talks Advance
Neutral
Jun 16, 2026
US Solar Fund reported a modestly higher unaudited NAV of $190 million, or $0.62 per share, for 31 March 2026, up about 2% from year-end 2025, despite portfolio generation coming in 8.8% below long-term forecasts and 0.9% under a revised 2026 outl...
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.