RCS - Aquila Eur Renwables - Update from QuotedData

Aquila European RenewablesAnnouncement

11/03/2024 12:15

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RNS Number : 3701G  Aquila European Renewables PLC  11 March 2024

 

Aquila European Renewables - Update from QuotedData

11(th) March 2024

Powering through

A number of factors have combined to have a small negative effect on Aquila
European Renewables's (AERI's) net asset value (NAV) and the share price
discount to NAV in recent weeks, including nerves about when interest rates
will be cut, lower power prices, and the imposition of new taxes on renewables
in Norway and Spain. These have added to the broader economic pressures that
have weighed on the share price over the past year, but the adviser observes
that these are now mostly de-risked.

The entire renewable energy infrastructure sector has been affected by
widening share price discounts to NAV and, for the most part, we believe this
is entirely unjustified, having gone well past the mechanical impact of rising
interest rates on the sector. This is especially true of AERI, considering the
diversified nature of its portfolio and the stability of its cash flow
generation. In the short term the company's shares will likely be tied to the
trajectory of interest rates, however as sentiment improves, we believe there
is a considerable opportunity for these to re-rate and the discount to narrow.

Full Research:

https://quoteddata.com/research/aquila-european-renewables-powering-qd/
(https://quoteddata.com/research/aquila-european-renewables-powering-qd/)

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NB: Marten & Co was paid to produce this note on Aquila European
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