Last checked at 26 Jan 2023 11:30
Ecofin US Renewables Infrastructure Trust - Update research from QuotedData
26th January 2023
Back on track
Ecofin US Renewables Infrastructure Trust's (RNEW's) share price moved from a premium to net asset value (NAV) to a discount in July 2022 as the original fund management team resigned. The portfolio assembled is solid, performing well and delivering on expectations. A new fund management team, led by Eileen Fargis, is now in place and the opportunity available to RNEW is considerable.
We believe that the trust's predictable US dollar-denominated cash flows (which are also uncorrelated with equity markets) and high dividend yield are attractive to investors. The shares should be re-rated, and the fund should continue to grow.
Full Research:
https://quoteddata.com/research/ecofin-us-renewables-infrastructure-trust-back-on-track-qd/
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