Investment Trusts

Ecofin US Renewables Infrastructure

RNEW:LSE

Ecofin US Renewables Infrastructure

  • Price (USD)0.525
  • Today's Change0.00 / 0.00%
  • Shares traded94.00k
  • 1 Year change-33.54%
  • Beta0.0718
Data delayed at least 20 minutes, as of May 02 2024 11:26 BST.
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Profile data is unavailable for this security.

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)-4.30m
  • Net income in USD-6.73m
  • 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

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Schroder British Opportunities Trust PLC-125.46bn-125.46bn65.83m0.0065.83m0.00
Baker Steel Resources Trust Ltd-1.09m-2.91m66.45m0.0066.45m0.00
Marwyn Value Investors Ltd6.10m6.10m68.24m2.50k68.24m2.50k
Mobeus Income & Growth 2 VCT PLC4.61m2.10m71.58m0.0071.58m0.00
River & Mercantile UK Micro Cp Iv Co Ltd4.12m2.77m72.30m0.0072.30m0.00
Ecofin US Renewables Infrstctr Trust PLC-4.30m-6.73m72.49m0.0072.49m0.00
Crystal Amber Fund Limited6.63m1.94m72.66m0.0072.66m0.00
Maven Income and Growth VCT 3 PLC-1.04m-3.53m73.20m0.0073.20m0.00
Albion Venture Capital Trust PLC-2.73m-4.88m74.80m0.0074.80m0.00
Logistics Development Group PLC0.00-12.70m76.95m4.0076.95m4.00
Hydrogenone Capital Growth PLC11.74m9.18m77.09m0.0077.09m0.00
Maven Income and Growth VCT PLC2.51m289.82k78.22m0.0078.22m0.00
Aquila Energy Efficiency Trust PLC0.00381.41k80.30m0.0080.30m0.00
Barings Emerging Emea Opportunities PLC1.88m212.04k80.66m0.0080.66m0.00
Maven Income and Growth VCT 5 PLC-1.88m-3.88m80.83m0.0080.83m0.00
Triple Point Venture VCT PLC-1.27m-3.49m81.34m0.0081.34m0.00
Data as of May 02 2024. Currency figures normalised to Ecofin US Renewables Infrastructure's reporting currency: US Dollar USD

Institutional shareholders

56.53%Per cent of shares held by top holders
HolderShares% Held
Almitas Capital LLCas of 22 Apr 202416.20m11.73%
Rathbones Investment Management Ltd.as of 13 Apr 202313.16m9.53%
Insight Investment Management (Global) Ltd.as of 13 Apr 202311.25m8.15%
M&G Investment Management Ltd.as of 17 Jan 20239.28m6.72%
Valu-Trac Investment Management Ltd.as of 29 Feb 20248.30m6.01%
Privium Fund Management BVas of 31 Mar 20247.00m5.07%
J. M. Finn & Co. Ltd.as of 22 Mar 20246.85m4.96%
South Yorkshire Pensions Authorityas of 13 Apr 20235.00m3.62%
Premier Fund Managers Ltd.as of 30 Nov 2023954.55k0.69%
abrdn Alternative Investments Ltd.as of 31 Jul 202362.72k0.05%
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Data from 31 Dec 2023 - 03 May 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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