Greencoat Renewables (LON:GRP) Shares Up 0.5% - Here's Why

Key Points

• Greencoat Renewables shares increased by 0.5% during trading, reaching a last recorded price of GBX 0.74 ($0.01), with a total of 195,791 shares traded.
• The company operates 25 wind farms across Europe, boasting an aggregate generating capacity of 800 megawatts and also invests in solar generation assets.
• With a market capitalization of £828.47 million, Greencoat Renewables maintains a debt-to-equity ratio of 96.06 and a low beta of 0.03, indicating low volatility relative to the market.

Greencoat Renewables (LON:GRP - )'s share price shot up 0.5% during trading on Tuesday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.74 ($0.01). 195,791 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,257,266 shares. The stock had previously closed at GBX 0.74 ($0.01).

Greencoat Renewables Stock Up 0.5%

The firm's 50-day moving average price is GBX 0.77 and its 200 day moving average price is GBX 0.76. The firm has a market capitalization of £828.47 million, a price-to-earnings ratio of 14.41 and a beta of 0.03. The company has a debt-to-equity ratio of 96.06, a current ratio of 4.05 and a quick ratio of 15.30.

About Greencoat Renewables

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms in France, Finland, Sweden, and Spain. As of December 31, 2021, the company operated 25 wind farms with an aggregate generating capacity of 800 megawatts. It also invests in solar generation assets. The company was incorporated in 2017 and is based in Dublin, Ireland.

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