The Renewables Infrastructure Group (LON:TRIG) Stock Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• The Renewables Infrastructure Group has passed above its 50-day moving average, trading as high as GBX 69.75 and last at GBX 68.70 on a volume of 5,062,758 shares, though it remains just below its 200-day MA of GBX 69.71.
• Insider Tove Feld bought 6,000 shares at GBX 66 on Feb 27, indicating insider buying interest, but insiders collectively own only 0.03% of the company.
• The firm has a market capitalization of £1.63 billion, a negative P/E of -12.75 and a low beta of 0.34, and operates a diversified portfolio of onshore/offshore wind, solar and battery storage across the UK and Europe.

The Renewables Infrastructure Group Limited (LON:TRIG - ) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 66.62 and traded as high as GBX 69.75. The Renewables Infrastructure Group shares last traded at GBX 68.70, with a volume of 5,062,758 shares changing hands.

The Renewables Infrastructure Group Trading Up 0.2%

The firm has a market capitalization of £1.63 billion, a price-to-earnings ratio of -12.75 and a beta of 0.34. The company has a 50-day moving average of GBX 66.62 and a 200-day moving average of GBX 69.71.

Insiders Place Their Bets

In other The Renewables Infrastructure Group news, insider Tove Feld bought 6,000 shares of the company's stock in a transaction on Friday, February 27th. The shares were bought at an average cost of GBX 66 per share, with a total value of £3,960. 0.03% of the stock is currently owned by insiders.

About The Renewables Infrastructure Group

TRIG was one of the first investment companies investing in renewable energy infrastructure projects listed on the London Stock Exchange. TRIG completed its IPO in 2013 raising £300m and is a member of the FTSE250 index. The Company develops, constructs and operates a portfolio of renewable energy infrastructure that creates value for its shareholders and generates secure, clean electricity that benefits both society and the environment. The Company's diversified portfolio includes onshore and offshore wind farms, solar parks and battery storage projects in the UK and mainland Europe. TRIG's strategy is focused on delivering capital growth and attractive, income-based returns supported by strong cash generation and a positive link to inflation.

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