Investment Trusts

Ecofin US Renewables Infrastructure

RNEW:LSE

Ecofin US Renewables Infrastructure

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  • Price (USD)0.41
  • Today's Change0.006 / 1.49%
  • Shares traded31.61k
  • 1 Year change-26.79%
  • Beta0.1340
Data delayed at least 20 minutes, as of Nov 21 2024 10:14 GMT.
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About the company

Ecofin U.S. Renewables Infrastructure Trust PLC is a United Kingdom-based closed-ended investment company. The Company's investment objective is to provide shareholders with an attractive level of current distributions, by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets predominantly located in the United States with prospects for modest capital appreciation over the long term. The principal focus of the Company is on investment in renewable assets, which are solar and wind energy assets (Solar Assets and Wind Assets), sectors eligible for investment by the Company also include different types of renewable energy (including battery storage, biomass, hydroelectric and microgrids) as well as other sustainable infrastructure assets, such as water and wastewater. Its portfolio reflects diversification across three renewable energy sectors: utility scale solar, commercial solar, and wind. Its investment manager is Ecofin Advisors, LLC.

  • Revenue in USD (TTM)-30.86m
  • Net income in USD-33.10m
  • Incorporated2020
  • Employees0.00
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Profile

Management group(s)Ecofin Advisors, LLC
AIC sectorRenewable Energy Infrastructure
ISINGB00BLPK4430
Launch date22 Dec 2020
Share typeOrdinary Share
StructureInvestment Trust
Base currencyUSD

Objective

To provide Shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets predominantly located in the United States with prospects for modest capital appreciation over the long term. The Company intends to execute its investment objective by investing in a diversified portfolio of Renewable Assets predominantly in the United States, but it may also invest in other OECD countries.

Managed by

N. Johnson, Ed Russell, Jason Benson, Eileen Fargis

Management & contract fees

Under the terms of the Investment Management Agreement, Ecofin will be entitled to a fee as set out below: 1%. p.a. of NAV up to and equal to US$500 million; 0.9%. p.a. of NAV between US$500m and US$1 billion; and 0.8%.p.a. of NAV in excess of US$1billion.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Blackrock Incm and Grwth Invsnt Trst PLC3.22m2.24m48.26m0.0021.570.8908--14.990.08990.08990.12332.180.052--6.66--3.613.273.983.6382.5584.5569.5071.35--592.330.0837103.11863.54--326.55----1.41
Agronomics Ltd37.58m28.31m50.76m0.002.340.2346--1.350.0170.0170.02470.16940.1876--135.49--14.139.0314.339.16----75.3266.82--12.750.00--362.39--167.68------
Ashoka WhiteOak Emerging Mrkts Trust PLC6.73m4.66m50.97m0.0010.391.10--7.580.1160.1160.16981.10----------------87.97--69.23------0.00--------------
NB Distressed Debt Investment Fund Ltd3.24m-2.67m51.44m0.00--0.6947--15.87-0.0306-0.03060.03740.89250.0393--1.27---3.24-3.78-3.27-3.7996.2278.13-82.37-87.40--0.39220.00---65.88-18.32-70.99------
Gabelli Merger Plus+ Trust PLC2.37m1.99m51.96m0.0025.800.7467--21.890.29070.29070.346910.040.0335--1.49--2.814.092.864.2276.07-19.0183.91352.31----0.001380.69134.5921.82-72.77-11.10--39.77
Cavendish Financial PLC60.47m-4.49m52.46m177.00--1.04--0.8675-0.0138-0.01380.1890.1030.7338--2.70270,028.30-5.442.02-8.342.9326.8534.01-7.422.54---9.340.1884126.0046.3914.2735.74---0.2884-13.05
Calculus VCT PLC621.19k-676.86k52.59m0.00--0.9419--84.65-0.0092-0.00920.00820.61580.0132--2.71---1.441.36-1.451.37-42.1658.30-108.9632.49----0.00360.22-67.97---182.56-----4.02
Riverstone Credit Opprtnts Incm PLC4.79m2.28m52.65m0.0033.110.821--11.000.02330.02330.04890.94090.05--1,596.00--2.39--2.41------47.70----4.830.00---50.44---55.48------
Blackfinch Spring VCT PLC5.84m4.42m54.29m0.008.340.9679--9.300.11570.11570.14620.9970.135--769.33--10.21--10.47--81.69--75.61------0.00--783.79--1,021.47------
Jupiter Green Investment Trust Plc998.20k-299.84k54.74m0.00635.100.865--54.830.00360.00360.03922.640.014-------0.41995.77-0.45196.0332.1989.47-30.0475.47----0.005.65-17.7326.35-59.06------
Aquila Energy Efficiency Trust PLC0.001.97m55.12m0.0033.520.5627----0.0160.0160.000.95080.00------1.79--1.82--------------0.00------121.90------
Ecofin US Renewables Infrstctr Trust PLC-30.86m-33.10m55.78m0.00--0.6213-----0.2397-0.2397-0.22350.6503-0.2827-------30.31---30.57--------------0.00---222.31---669.69------
Octopus Future Generations Vct PLC-4.42m-5.07m56.30m-----------0.077-0.077-0.0698-----------------------------------58,150.00---415.04------
AssetCo plc17.24m-2.72m56.78m125.00--0.8666--3.29-0.015-0.11530.09620.36350.1852--2.12109,040.00-2.42-0.2544-2.89-0.2853100.0082.33-13.07-2.65----0.0226868.60138.33-8.13-183.64--34.40--
Marwyn Value Investors Ltd20.68m20.67m63.20m2.50k2.940.456--3.060.29440.29440.29451.900.16----6,537.0815.99-0.403216.01-0.403799.96--99.96------0.0012--137.63--137.56-----3.41
Data as of Nov 21 2024. Currency figures normalised to Ecofin US Renewables Infrastructure's reporting currency: US Dollar USD

Institutional shareholders

59.23%Per cent of shares held by top holders
HolderShares% Held
Almitas Capital LLCas of 08 Oct 202419.06m13.81%
Asset Value Investors Ltd.as of 01 Nov 202414.48m10.49%
Rathbones Investment Management Ltd.as of 13 Apr 202313.16m9.53%
Insight Investment Management (Global) Ltd.as of 13 Apr 202311.25m8.15%
Privium Fund Management BVas of 30 Sep 20247.00m5.07%
J. M. Finn & Co. Ltd.as of 22 Mar 20246.85m4.96%
South Yorkshire Pensions Authorityas of 25 Sep 20243.25m2.35%
Valu-Trac Investment Management Ltd.as of 01 Nov 20243.25m2.35%
M&G Investment Management Ltd.as of 31 Oct 20242.52m1.83%
Premier Fund Managers Ltd.as of 30 Nov 2023954.55k0.69%
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Data from 31 Jul 2024 - 31 Oct 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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