Greencoat UK Wind (LON:UKW) Releases Earnings Results

Key Points

• Reported EPS: Greencoat UK Wind reported quarterly earnings of GBX (871) per share, with a 2.15% return on equity and a 29.24% net margin.
• Share movement and valuation: Shares traded up 1.1% to GBX 94.50 on Thursday, and the company has a market cap of £2.04 billion with a negative P/E of -14.56.
• Business and capital targets: The fund focuses on onshore and offshore wind investments and seeks to keep total acquisition financing and long-term debt between 0–40% of Gross Asset Value, targeting an average debt level of 20–30% over the long term.

Greencoat UK Wind (LON:UKW - ) posted its quarterly earnings data on Thursday. The company reported GBX (871) earnings per share for the quarter, Digital Look Earnings reports. Greencoat UK Wind had a return on equity of 2.15% and a net margin of 29.24%.

Greencoat UK Wind Trading Up 1.1%

Shares of UKW stock traded up GBX 1.05 on Thursday, reaching GBX 94.50. 5,761,530 shares of the stock were exchanged, compared to its average volume of 6,324,503. The company has a debt-to-equity ratio of 49.27, a current ratio of 0.09 and a quick ratio of 14.31. Greencoat UK Wind has a one year low of GBX 92.20 and a one year high of GBX 128.20. The stock has a market cap of £2.04 billion, a PE ratio of -14.56 and a beta of 0.24. The stock has a 50 day moving average price of GBX 97.04 and a 200 day moving average price of GBX 102.72.

About Greencoat UK Wind

Greencoat UK Wind PLC specializes in renewables infrastructure investments in energy, wind generation assets and onshore and offshore wind farm projects with a capacity of over 10 megawatt. For offshore wind farms, the fund seeks to invest 40% of the Gross Asset Value at acquisition and where a utility company retains an equity interest for a lock-up period. The fund ensures that the total of short-term acquisition financing and long-term debt is between zero and 40% of Gross Asset Value at any time, with average total debt being between 20% and 30% in the longer term.

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