LONDON BROKER RATINGS: Morgan Stanley likes Astra; HSBC cuts Spectris
12th Feb 2025 09:58
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Monday, with investors mostly awaiting US inflation data in the afternoon. Read More
(Correcting Gresham House Energy Storage Fund PLC entry to include news from Monday.) Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Gresham House Energy Storage Fund PLC shares climbed on Monday after it said trading has improved and it has made "solid progress". Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Friday said it will reinstate dividends in 2025 once its current debt has been refinanced, as it said the battery energy storage systems sector is "turning a corner". Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Monday said it expects full-year portfolio revenue to outperform the prior year as market conditions trend favourably. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Gresham House Energy Storage Fund PLC - London-based investor in utility-scale battery energy storage systems - Says net asset value per share at June 30 falls to 109.16 pence, down 19.91 pence from December 31. Of which, attributes 19.47 pence of the decline mainly to a "new, more conservative curve provider". Says operational portfolio generated net revenue of GBP17.9 million, down 13% from GBP20.5 million a year prior. Operational portfolio capacity increases 14.5% to 790 megawatts. Total debt drawn at the end of the period was GBP120 million while total size of its debt facility reduces to GBP225 million from GBP335 million. Cash on hand between the company and its investments at June 30 is GBP26.8 million. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
Gresham House Energy Storage Fund PLC - London-based investor in UK battery energy storage systems - Becomes first UK battery and energy storage systems business to reach operation capacity of 1 gigawatt hour after completed augmentation of Enderby and West Didsbury projects. Each site added 50 megawatts of capacity and is upgraded from one hour to two hour duration. In 2024 the Fund has upgraded its total capacity from 790 megawatts to 1.03 gigawatts. A further 220 megawatts will be added through four planned augmentation projects. Read More
Gresham House Energy Storage Fund PLC - Says it has energised its Penwortham project, a 50 megawatt and 50 megawatt hour battery energy storage system just southwest of Preston, Lancashire. Says plans to double Penwortham's capacity to 50MW/100MWh are "well progressed" and this is expected to be completed during the summer. Says the energisation of Penwortham takes Gresham House Energy's operational capacity to 790MW/926MWh. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday warned that revenue remains below expectations, despite an improvement since March. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
Gresham House Energy Storage Fund - London-based Investment fund with a portfolio of utility-scale battery energy storage systems - Says that Tuesday's T-1 capacity markets auction cleared "slightly higher than expected" at a price of GBP35.79 per kilowatt. Gresham says it has secured additional 1-year contracts across 13 of its projects, with a total derated capacity of 90.491 megawatts. These additional contracts will bring in GBP3.2 million in additional revenue from October 2024 to September 2025, Gresham says. The NAV benefit from these contracts will be recognised at the company's next valuation date of March 31. Read More