UK's Greencoat UK Wind H1 NAV edges up on strong cash generation

Greencoat UK Wind

30/07/2026 07:25

Overview
UK wind farm fund's H1 2026 NAV rose to £2.89 bln, driven by strong cash generation
Company generated 3,003 GWh, 4.9% above budget, with net cash generation of £222 mln
Company refinanced £200 mln debt maturities 

Outlook
Greencoat UK Wind sees 2026 net cash generation towards top end of £350-410 mln guidance
Company sets 2026 dividend target at 10.7 pence per share, an inflation-linked increase
Company says UK wind market outlook remains attractive amid growing electricity demand

Result Drivers
GENERATION ABOVE BUDGET - Co said electricity generation was 4.9% above budget, supporting strong cash generation
FAVOURABLE POWER PRICES - Realised power prices exceeded budget, boosting cash generation
FIXED-PRICE REVENUE MIX - Significant portion of revenues from fixed-price arrangements underpinned cash flow

Company press release: ID:nRSd4578Oa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Asset Value
 
GBP 2.90 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the uk investment trusts peer group is "buy"
Wall Street's median 12-month price target for Greencoat UK Wind PLC is GBp125.00, about 17.9% above its July 29 closing price of GBp106.00
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)