Overview
US Solar Fund aims to provide investors with attractive and sustainable dividends, with an element of capital growth, by investing in a diversified portfolio of solar power assets in North America and other OECD countries in the Americas.
The company will invest, directly or indirectly, in these assets and will predominantly generate revenue by selling the electricity generated by, the electricity stored by, and/or the
capacity delivered by these assets.
You can access the fund’s website here
Fundamentals
Price
Research History
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06 Apr 2023 82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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07 Dec 2022 8 min read
QuotedData’s Investment Companies Roundup – December 2022
Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly | Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]
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06 Oct 2022 111 min read
QuotedData’s Economic and Political Monthly Roundup October 2022
Economic and Political Monthly Roundup Investment companies | Monthly | October 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to […]
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17 Apr 2020 8 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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07 Apr 2020 5 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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07 Oct 2019 6 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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12 Jul 2019 6 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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05 Mar 2019 1 min read
US Solar Fund – Making hay – IPO
US Solar Fund – Making hay US Solar Fund Plc (USF) is a newly established closed end investment company that is focused on the large and growing solar market in the US. It invests in utility scale solar farms and sells the electricity generated to creditworthy counterparties through long-term power purchase agreements (PPAs). From 31 […]
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1 min read
US Solar Fund – Making hay – IPO
US Solar Fund – Making hay US Solar Fund Plc (USF) is a newly established closed end investment company that is focused on the large and growing solar market in the US. It invests in utility scale solar farms and sells the electricity generated to creditworthy counterparties through long-term power purchase agreements (PPAs). From 31 […]
News
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25 Nov 2024 2 min read
QuotedData’s morning briefing 25 November 2024 – UEM, VNH, USF, AJOT, ESO, FAIR
In QuotedData’s morning briefing 25 November 2024: Utilico Emerging Markets (UEM) has published its interim report for the six months ended 30 September 2024, a period that continued to be challenging with elevated volatility in most markets as uncertainty has dominated. UEM experienced two key headwinds: the first was the revaluation of Petalite Limited (Petalite) and […]
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30 Sep 2024 1 min read
US Solar terminating sale of RECs from its Oregon projects
US Solar Fund (USF) has announced that, following the change in investment manager announced on 1 December 2023, its board and manager (Amber Infrastructure Investment Advisor, LLC), determined that the contracts to sell Renewable Energy Certificates (RECs) in relation to six of USF’s Oregon projects signed in November 2023, required termination [QD comment: there is […]
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05 Jul 2024 1 min read
QuotedData’s morning briefing 5 July 2024 – USF, CGI
In QuotedData’s morning briefing 5 July 2024: US Solar Fund (USF) provided an update for the first quarter ended 31 March 2024. The company saw a NAV total return of 0.9%. Portfolio performance was also down due to lower than expected solar irradiance. Overall generation was 130.6GWh, 11.6% below forecast. Canadian General Investments (CGI) provided […]
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11 Jun 2024 1 min read
QuotedData’s morning briefing 11 June 2024 – USF, VNH, RTW, SMIF, PCFT
In QuotedData’s morning briefing 11 June 2024: The US Solar Fund (USF) will purchase in aggregate 24,358,974 shares under its previously announced tender offer at a price of $0.764 per share. This is the maximum number of shares to be acquired, representing approximately 7.33% ($19m) of the issued share capital of the company. VietNam Holding […]
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31 May 2024 1 min read
QuotedData’s morning briefing 31 May 2024 – NAS, USF
In QuotedData’s morning briefing 31 May 2024: North Atlantic Smaller Companies (NAS) has announced that an amendment has been made to its final results announcement that was released on 10 May 2024. Specifically, Christopher Mills holding in NAS was wrongly stated in the Directors’ Interests table on page 35 of the Annual Report. The correct holding […]
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22 May 2024 1 min read
QuotedData’s morning briefing 22 May 2024 – IHR, USF
In QuotedData’s morning briefing 22 May 2024: Impact Healthcare REIT (IHR) posted a 1.7% increase in NAV per share to 117.31p in the quarter to 31 March 2024. The value of its portfolio of care homes was up 1.5% to £660.8m, with contracted annual passing rent up 4% to £50.1m. Rent cover among its tenants […]
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15 May 2024 2 min read
QuotedData’s morning briefing 15 May – RTW, GIF, NESF, IHR
In QuotedData’s morning briefing 15 May 2024: RTW Biotech Opportunities (RTW) portfolio company, Lycia Therapeutics, announced the completion of a $106.6m Series C financing round. The company, alongside other investment vehicles managed by RTW Investments LP, participated in the financing round with other life science investment firms. Gulf Investment Fund (GIF) announced that it has […]
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03 May 2024 1 min read
QuotedData’s morning briefing 3 May 2023 – USF, BBOX/UKCM
In QuotedData’s morning briefing 3 May 2023: US Solar Fund (USF) has published a circular with details of the tender it announced on 24 April 2024 which it is proposing to use as a means of returning capital to shareholders. The proposed tender price of $0.764 per share is equivalent to the 31 December 2023 […]
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24 Apr 2024 1 min read
US Solar cuts dividend as implements new tender offer
US Solar Fund is planning a fixed-price tender offer at $0.764 per share (equivalent to the 31 December 2023 NAV of $0.78 per share, less 2% for the costs of administering the tender offer). Shareholders may choose to tender for sale some or all of their shares, subject to an upper limit of $19m being […]
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25 Mar 2024 2 min read
US Solar limps into 2024 after perfect storm in 2023
US Solar Fund has announced results for the year ended 31 December 2023. The company’s NAV fell sharply over the year from 96 cents to 78 cents (roughly a 20% fall). You might have thought that the biggest negative impact on the results would have been the increase in interest rates feeding through into a […]
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18 Dec 2023 1 min read
QuotedData’s morning briefing 18 December 2023 – USF, GABI, JZCP, RC2
In QuotedData’s morning briefing 18 December 2023: US Solar (USF) has announced that six of its Oregon projects have signed new long-term contracts to sell Renewable Energy Certificates (RECs). The REC contracts and revised estimates of future REC prices are expected to increase USF’s NAV by c.$7.6m based on the 30 September NAV ($286.3 million) […]
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01 Dec 2023 1 min read
QuotedData’s morning briefing 1 December 2023 – BSIF, USF, BPCR
In QuotedData’s morning briefing 1 December 2023: Bluefield Solar (BSIF) has announced a number of changes to the roles and responsibilities of some of its directors. First, Chris Waldron has now been appointed as a non-executive director of BSIF with effect from 1 December 2023. He has also been appointed to each of BSIF’s established […]
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20 Nov 2023 1 min read
QuotedData’s morning briefing 20 November 2023 – SSIT, INOV, IBT, USF, UKCM
In QuotedData’s morning briefing 20 November 2023: Seraphim Space Investment Trust (SSIT) has released its Q1 update. Highlights include a further £4.1m, invested in two projects over the quarter. Portfolio value increased to £199.9m up £12.4m, due to a combination of additional investments, unrealised fair value net gains and an unrealised FX gain. The main […]
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31 Oct 2023 1 min read
USF provides update on strategic review
US Solar Fund (USF) has provided an update on its previously announced strategic review. Having reviewed the available options as part of this strategic review, the company considered proposals in relation to: (i) a sale of its portfolio of assets and return of funds to shareholders; (ii) a sale of the entire issued, and to […]
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28 Sep 2023 2 min read
QuotedData’s morning briefing 28 September 2023 – BRGE, USF, RSE, AERI, ASLI, UKCM, SERE
In QuotedData’s morning briefing 28 September 2023: BlackRock Greater Europe (BRGE) says that Alexandra Dangoor is being made co-portfolio manager, alongside lead manager Stefan Gries. The effective date for this appointment will be from close of business on 29 September 2023. Alexandra joined the BlackRock Fundamental European Equity Team in 2019 after two years in […]
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25 Aug 2023 1 min read
QuotedData’s weekly news update 25th August 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • US Solar (0:39) • Ruffer (4:03) • Thomas Lloyd Energy Impact (9:19) • Ediston Property (12:40) • Home REIT (14:06) This week’s interview was […]
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21 Aug 2023 1 min read
US Solar names potential new manager
The board of US Solar Fund (USF) has today announced its preferred candidate to replace New Energy Solar Manager, USF’s outgoing investment manager, proposing Amber Infrastructure Group as its successor. The selection of USF’s new manager will still require shareholder approval, with consultations expected to be announced shortly. Amber is a specialist international infrastructure investment […]
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07 Aug 2023 1 min read
US Solar provides a half-year update
Ahead of its interim results, due out next month, US Solar Fund (USF) has provided a brief update on its 6-month market outlook. In general, the USF team highlights the resilience of the portfolio over the first 6 months of 2023. USF’s discount rate remains at 4.1%, as it is based on the 20 year […]
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14 Jul 2023 1 min read
QuotedData’s weekly news show 14th July 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Hipgnosis Songs Fund (0:22) • ThomasLloyd Energy Impact (10:43) • US Solar Fund (5:12) This week’s interview was with David Smith from Henderson High […]
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10 Jul 2023 3 min read
QuotedData’s morning briefing 10 July 2023
In QuotedData’s morning briefing 10 July 2023: Castelnau Group (CGL) has announced that it has purchased a 25% stake in Warlord Games, a historical table top wargame maker, through one of its portfolio companies, Hornby Hobbies. The transaction was made for £1.25m in cash. CGL has the option to become the majority shareholder in Warlord […]
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26 Jun 2023 1 min read
QuotedData’s morning briefing 26 June 2023
In QuotedData’s morning briefing 26 June 2023: US Solar Fund (USF) has announced that it has reached the financial close on the sale of 50% of its interest in the 200MWDC Mount Signal site to MN8 Energy (formerly known as Goldman Sachs Renewable Power), with the binding sale agreement having been made in April 2023. […]
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30 May 2023 2 min read
QuotedData’s morning briefing 30 May 2023
JPMorgan China Growth & Income (JCGI) announced its half year report for the year ended 31 March 2023. During this period, JCGI delivered a total return on net assets of 7.9% (in sterling terms), compared to the benchmark return of 7.3%. This positive performance follows a challenging time for the company in the last financial […]
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12 May 2023 1 min read
QuotedData’s weekly news show 12th May 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Reed and Richard Williams covered the week’s top stories: Update on Renewables Octopus Renewables Infrastructure (1:30) Bluefield Solar (6:13) NextEnergy Solar (7:18) HydrogenOne (9:36) US Solar no longer up for sale […]
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2 min read
USF continues its quest to unlock shareholder value
US Solar Fund (USF) has provided an update on its strategic review, which it undertook in October 2022 to maximise shareholder value. USF currently trades on a 16.5% discount, and has traded on a sustained, downward trending, discount since the start of 2022. The board has so far rejected an offer for the purchase of […]
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25 Apr 2023 2 min read
QuotedData’s morning briefing 25 April 2023
GCP Asset Backed Income Fund (GABI) announced its quarterly update for the period ended 31 March 2023. NAV increased 0.24% over the three months driven by an increase in the weighted average annualised yield on the investment portfolio, from 8.0% as at 31 December 2022 to 8.4% as at 31 March 2023 and from the […]
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27 Mar 2023 2 min read
US Solar’s share price disappoints despite a robust NAV and dividend
US Solar Fund (USF) has announced its annual results for the financial year ending 31 December 2022. Over the 12 month period USF’s portfolio grew to 543MWDC. USF’s NAV fell slightly from its half-year level, falling from the $321.2m it reported in June to $320.0m. USF’s portfolio actually increased in value over the year, however […]
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09 Mar 2023 2 min read
QuotedData’s morning briefing 9 March 2023
In QuotedData’s morning briefing 9 March 2023: US Solar Fund (USF) says its board and its advisers have engaged with a significant number of parties and, following receipt of indicative proposals, have shortlisted several parties who have proceeded to the next phase of its strategic review process. In order to provide the shortlisted parties with […]
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27 Jan 2023 1 min read
QuotedData’s weekly news show 27th January 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • JLEN / HydrogenOne (0:42) • US Solar Fund (9:27) • Henderson Eurotrust (10:33) This week’s interview was with Eileen Fargis from Ecofin US Renewables […]
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23 Jan 2023 2 min read
QuotedData’s morning briefing 23 January 2023
In QuotedData’s morning briefing 23 January 2023: Riverstone Credit Opportunities Income (RICO) has announced that its investment managers have executed a new $28.6m sustainability-linked, first lien term loan to a subsidiary of Max Energy Industrial Holdings, having committed $5.0m on 30 December 2022. Max energy is developing the first carbon-neutral crude oil export terminal on […]
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02 Dec 2022 2 min read
US Solar updates on investment manager personnel changes
US Solar (USF) has provided an update on personnel changes at its investment manager. This follows the board’s announcement, on 17 October 2022, that it would undertake a strategic review (USF’s board says that this is well advanced and it expects to deliver the outcome in Q1 2023). USF’s board says that it has been […]
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17 Oct 2022 1 min read
US Solar announces strategic review
In a surprise move, US Solar Fund has announced a strategic review. The announcement notes that the fund has successfully executed its strategy of delivering a sustainable dividend for shareholders, but laments problems with growing its asset base. The board says that it maintains strong conviction in the value of the assets, the business plan, […]
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26 Sep 2022 2 min read
QuotedData’s morning briefing 26 September 2022
In QuotedData’s morning briefing 26 September 2022 India Capital Growth (IGC) had a difficult start to 2022, underperforming the BSE Midcap total return index by 6.2% over the six months ended 30 June 2022. The trust returned -14.7% in NAV terms and -19.8% in share price terms (and that is after benefitting from a 4.3% […]
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07 Jun 2022 1 min read
QuotedData’s morning briefing 7 June 2022
In QuotedData’s morning briefing 7 June 2022: US Solar Fund (USF) has bought a further 25% interest (Tranche 2) in the 200MWDC Mount Signal 2 solar plant, taking its total ownership to 50% or 100MWDC. The deal was funded with available cash. US Solar Fund’s portfolio now comprises 42 fully operational assets with a combined […]
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24 Mar 2022 2 min read
US Solar results show modest NAV uplift
US Solar Fund says its NAV increased by 1% over the course of 2021 to $0.975. Dividends totaling 5.5 cents were declared for the year and these were covered 1.82x by cash. The company is targeting a dividend of 5.58 cents for 2022. The statement says that the NAV uplift reflects the impact of useful […]
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04 Oct 2021 2 min read
QuotedData’s morning briefing 4 October 2021
In QuotedData’s morning briefing 4 October 2021: Seed Innovations (SEED) has invested a further £150,000 in South West Brands, a London-based company seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The investment is by way of a second 12-month, 8% convertible loan note as part of a […]
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24 Sep 2021 1 min read
QuotedData’s weekly news show 24 September 2021
QuotedData’s weekly news show 24 September 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: US solar funds CQS New City High Yield Genesis Emerging Markets This week’s interview was with Peter Hewitt […]
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20 Sep 2021 3 min read
QuotedData’s morning briefing 20 September 2021
In QuotedData’s morning briefing 20 September 2021: Ecofin US Renewables Infrastructure (RNEW) has completed its acquisition of Echo Solar Portfolio’s largest asset, which it signed an agreement to acquire in July. The portfolio includes 12 solar photovoltaic projects, which are at construction stage and are expected to be completed and to commence operations in phases […]
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24 May 2021 1 min read
US Solar refinances legacy loans in Heelstone Portfolio
US Solar refinances legacy loans in Heelstone Portfolio – US Solar Fund has refinanced the existing debt facilities associated with its Heelstone Portfolio – a portfolio of 22 projects acquired in 2020. The refinancing transaction required approximately $92m of the $132m recently raised by the company, while a new debt facility will be provided by […]
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07 May 2021 2 min read
US Solar Fund raises US$132m in first fundraise since IPO
US Solar Fund (USF) has announced that it has raised US$132m in its first fundraising since its IPO two-years ago (click here to read the IPO note we produced on the fund at that time). This first issue, which was conducted under its recently launched placing programme, was well supported by new and existing investors […]
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2 min read
QuotedData’s morning briefing 7 May 2021
In QuotedData’s morning briefing 7 May 2021: Shareholders have approved both a change of name and a revised investment Policy for Jupiter US Smaller Companies (JUS), which reflects the change of investment manager to US based Brown Advisory (click here to read our initiation note on the company which takes a detailed look at Brown’s […]
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13 Apr 2021 2 min read
US Solar launches fundraise
US Solar launches fundraise – US Solar Fund has launched a placing programme to be conducted over the next 12 months which includes an initial placing, offer for subscription and intermediaries offer which has launched today. A prospectus will be published shortly. The initial proceeds are expected to principally be used to fund two transactions: About […]
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29 Mar 2021 2 min read
QuotedData’s morning briefing 29 March 2021
In QuotedData’s morning briefing 29 March 2021 – VietNam Holding (VNH) had an excellent interim results period to 31 December 2020, with its NAV increasing by 38.7% in USD terms. Vietnam’s early success in containing COVID-19 helped it re-open its economy much sooner than many other nations. Within the portfolio, VNH’s overweight position in HPG, the leader in […]
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16 Mar 2021 2 min read
US Solar beats expectations, looks to expand
US Solar beats expectations, looks to expand – US Solar Fund has published results for the year ended 31 December 2020. The highlights are: NAV at 31 December 2020 of $194.2m. The NAV increased by US$1.3m from 30 June 2020, due to construction cost savings on the Milford project, strong operating performance, and discount rate reductions […]
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08 Jan 2021 3 min read
QD view – Nothin’ but blue skies from now on…
The riot in the Capitol Building may be dominating headlines but hopefully the orange cloud over Washington may soon dissipate. Does that mean Nothin’ but blue skies from now on…? For investors, one of the key events if 2021 to date may be the Democrat’s wins in the Georgia senate races. Joe Biden will now have […]
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31 Dec 2020 2 min read
US Solar to acquire up to 50% interest in 200MWDC operating solar plant
US Solar (USF) has executed binding agreements to acquire up to a 50% interest in a 200MWDC operating solar plant located in the Imperial Valley of Southern California, Mount Signal 2, for a total price of between $44m and $46m. The transaction is structured in two tranches. Tranche one comprises an immediate acquisition of an initial 25% interest […]
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23 Nov 2020 2 min read
QuotedData’s morning briefing 23 November 2020
In QuotedData’s morning briefing 23 November 2020: US Solar Fund says that all 41 projects in its portfolio, totaling 443MWDC, are now fully operating and generating revenue. The final project, the 128MWDC Milford plant in Utah, reached the commercial operations date under its power purchase agreement (PPA) on 19 November, on-time and under-budget – saving $4m […]
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16 Sep 2020 2 min read
Nearly 70% of US Solar’s projects now operational
US Solar (USF) announced interim results to 30 June 2020, with its NAV at the period-end coming in at $192.9m – a 0.8% decrease from 31 December 2019. USF, which launched in April 2019, said that as at the period-end, more than 60% (now almost 70%) of its projects were operating and the remaining projects in […]
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23 Jul 2020 1 min read
QuotedData’s morning briefing 23 July 2020
In QuotedData’s morning briefing 23 July 2020: US Solar Funds says its fifth acquisition – a 61MWDC portfolio of four utility-scale solar plants in Oregon – has commenced operations. The company has reiterated its target of a fully cash covered 5.5 cent dividend in 2021. RDI REIT has let its recently completed 168,154 sq ft industrial and […]
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28 May 2020 1 min read
US Solar makes fifth purchase
US Solar makes fifth purchase – US Solar Fund has signed binding agreements for its fifth purchase. The is buying cash equity interests in an approximately 61MWDC portfolio of four mechanically-complete utility-scale solar power projects located in Oregon. The deal should complete in the near future, simultaneous with financial close of tax equity financing and a […]
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23 Apr 2020 2 min read
US Solar sees no material impact on construction timeline or operating cashflows
US Solar (USF) provided the following update this morning: Summary – no material impact expected and dividend set to commence as planned USF does not expect covid-19 to materially impact construction timelines or operating cashflows; USF’s acquired portfolio consists of 37 projects with total capacity of 383 MWDC. A further four projects totaling 61 MWDC are […]
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17 Mar 2020 4 min read
Maiden annual results from US Solar
US Solar (USF) has released maiden annual results. The company launched last April with a $200m raise, primarily from UK institutional investors. Highlights to 31 December • Strong progress since IPO with three US solar project or portfolio acquisitions announced; • Acquisition one: 128 MWDC in-construction solar project in Milford, Utah, with a 25 year power […]
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13 Mar 2020 1 min read
Fourth acquisition from US Solar as it gets closer to full deployment of $200m IPO proceeds
US Solar (USF) announced it has closed the acquisition of 100% of the cash equity interests in a portfolio of twenty-two operating utility-scale solar power projects totalling approximately 177MWDC in North Carolina, Oregon, and California. USF announced signing of the binding transaction on 29 January 2020 with closing subject to customary conditions and consents which have now […]
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24 Feb 2020 2 min read
QuotedData’s other news 24 February 2020
QuotedData’s other news 24 February 2020 – The flexible investments company, UIL (UTL) reported interim results to 31 December 2019. The company noted in the report that following six years of significant rising NAV, its total return performance softened was (4.3%) for the half-year to 31 December 2019. Much of this underperformance is due to stronger sterling, […]
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07 Feb 2020 1 min read
QuotedData’s other news 7 February 2020
In QuotedData’s other news 7 February 2020 Gresham House Energy Storage is calling an EGM as it tries to raise money to fund “a significant, operational project which the vendor has advised has the potential for expansion to over 50MW“. US Solar Fund says its fraud is “an isolated incident originating from outside the Investment Manager […]
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31 Jan 2020 1 min read
US Solar fraud investigation
US Solar fraud investigation – The board of US Solar Fund found out yesterday that its investment manager, New Energy Solar Manager, has been the victim of a fraud in relation to contracted construction payments totalling $6.9 million. The payments were made from the US bank account of a USF project company to a third party […]
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30 Jan 2020 1 min read
US Solar picks up 177MW across 22 projects
US Solar picks up 177MW across 22 projects – US Solar Fund is buying an approximately 177MW portfolio of twenty-two operating utility-scale solar power projects located in North Carolina, Oregon, and California. The vendor is Heelstone Renewable Energ, a leading developer of renewable energy projects in the United States, having developed over 60 projects with an aggregate […]
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29 Jan 2020 1 min read
Renewable energy funds under attack from brokers
Renewable energy funds under attack from brokers – Shares in many renewable energy funds slumped yesterday as first Chris Brown of JPMorgan and then Matthew Hose of Jefferies said they were overvalued. Their analysis (which we can’t show you and you can’t get hold of unless you work for a large investment firm and pay […]
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13 Jan 2020 1 min read
QuotedData’s other news 13 January 2020
In QuotedData’s other news 13 January 2020 – US Solar Fund (USF) has announced the acquisition of 100% of the cash equity interests in three operating utility-scale solar power projects totalling approximately 11MWDC in North Carolina. Including the financial close of the five projects announced on 2 January, USF has now closed all eight projects of […]
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23 Dec 2019 1 min read
US Solar Fund completes North Carolina acquisitions
US Solar Fund plc (USF) has announced that it has closed the acquisition of 100% of the cash equity interests, alongside tax equity financing, in six utility-scale solar power projects. The projects, whose capacity totals 39MWDC, are located in North Carolina. The Company announced the acquisition on 10 December 2019 and has progressed to financial […]
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16 Oct 2019 1 min read
US Solar enters exclusivity talks to acquire 39 MWDC California solar portfolio
US Solar enters exclusivity talks to acquire 39 MWDC California solar portfolio – US Solar (USF) has entered exclusivity with Greenbacker Renewable Energy Corporation (Greenbacker), a company it describes as a leading investor and product sponsor focusing on income-producing renewable energy projects, to acquire an approximately 39 MWDC operating utility-scale solar power portfolio consisting of eight […]
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20 Sep 2019 1 min read
QuotedData’s other news 20 September 2019
In QuotedData’s other news 20 September 2019 – Tufton Oceanic Assets today announced that it has raised gross proceeds of $31m through a placing. The company invests in a portfolio of secondhand commercial sea-going vessels. Further to announcements made earlier this month with regard to a proposed placing, Merian Chrysalis says that indicative orders significantly in excess of […]
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3 min read
US Solar reports inaugural interim results
US Solar reports inaugural interim results – US Solar Fund (USF) has reported inaugural interim results to 30 June 2019, with highlights including: Highlights to 30 June: In April 2019, the company listed on the premium segment of the London Stock Exchange, raising gross proceeds of $200m, primarily from UK institutional investors; 1H19 interim dividend of 0.41 […]
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02 Sep 2019 2 min read
US Solar Fund acquires the Milford Solar Project in Utah
US Solar Fund has announced it has closed the acquisition and financing of 100% of the cash equity interests in the 128MW Milford Solar Project. Construction is expected to begin immediately with full commercial operations expected before the end of 2020. The Company first announced the acquisition on 23 July 2019, however detailed disclosure was subject […]
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03 Dec 2024 1 min read
Investment trust insider on Trump, climate change and the environment
Investment trust insider on Trump, climate change and the environment – James Carthew: The renewable trusts in Trump’s firing line President-elect Donald Trump could row back policies including the US Inflation Reduction Act, which would knock trusts with exposure to tax credits and tariffs In recent weeks, I’ve been looking at the possible impact of […]
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28 Oct 2024 1 min read
Fund manager changes: which ones are paying off?
by Jennifer Hill from interactive investor, 28th October 2024: There are many reasons why a fund might get a new manager, with the retirement of the incumbent manager and poor performance being chief among them. While some investment houses have navigated the task of replacing a veteran fund manager with aplomb, others have failed to […]
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18 Jun 2024 2 min read
Investment trust insider on US infrastructure
Investment trust insider on US infrastructure – James Carthew: Power up your portfolio with US infrastructure trusts While there may be some political noise in the run up to the presidential election, the long-term case for investments in US renewable infrastructure is pretty solid. While all eyes have been on the meteoric rise of Nvidia, […]
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02 Oct 2023 1 min read
Investment trust insider on discount disconnects
Investment trust insider on discount disconnects – James Carthew: The SONG and dance about alternative NAVs One argument used by investors who justify the wide discounts on investment companies in ‘alternative’, non-equity assets is that the underlying net asset values (NAV) of their portfolios are overstated. Sometimes this is easy to counter, but in other […]
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05 Sep 2023 1 min read
Investment trust insider on the sector’s recent failures
Investment trust insider on the sector’s recent failures – James Carthew: Legal actions could follow trust management failings People often quote Warren Buffet’s ‘Only when the tide goes out do you discover who’s been swimming naked’ when looking at the problems besetting the investment company sector, but most of the worst examples of failures recently […]
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02 Aug 2023 1 min read
Eight investment trusts that could be takeover targets
by Sam Benstead from interactive investor, 2nd August 2023: Wide investment trust discounts are making them appealing takeover targets, with rumoured or confirmed deals likely to lead to sudden share price jumps… Discounts have widened due to negative sentiment about the economy, and therefore private company valuations, but also due to the impact of higher […]
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28 Feb 2023 1 min read
20 investment trusts cheaper now than during Covid-19 sell-off
by Kyle Caldwell from interactive investor, 28th February 2023: Three years ago was a great opportunity to pick up bargains among investment trusts as the Covid-19 pandemic caused widespread panic and fear… Three years ago is a case in point. In response to the emergence of Covid-19, stock markets fell notably, with the FTSE All-Share […]
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05 Dec 2022 1 min read
Clearer picture, calmer nerves for renewables?
James Carthew of QuotedData for Investment Week, 5 December 2022: Shifting sentiment has led to a widening of discounts to net asset value across many parts of the investment companies’ industry. One of the more unexpected deratings has occurred within the renewable energy infrastructure sector, despite two thirds of these funds generating double-digit NAV returns […]
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20 Oct 2022 1 min read
When will renewable energy investment trust prices recover?
By Val Cipriani, Investors’ Chronicle, October 19, 2022: While equities and bonds have taken a battering, infrastructure has become an increasingly popular asset class in the past year, with a reputation for helping investors’ fortunes while traditional strategies were busy plummeting. Renewable energy in particular looked attractive in an environment where energy can be sold […]
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14 Mar 2022 1 min read
The trusts with the biggest discount/premium changes since the crisis
Kathleen Gallagher, Investment Week, 10 March 2022: Since Russia invaded Ukraine on 24 February, investment trusts have, unsurprisingly, seen big moves in their discounts and premiums, this is leading to some trusts looking expensive and others starting to look more appealing. The figures from the Association of Investment Companies and Morningstar excluded those with large […]
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23 Dec 2021 2 min read
Bargain Hunter: 25 cheap equity trusts towards end of 2021
Kyle Caldwell, interactive investor, 15 December 2021 Some trusts have seen premiums cool, while others are trading on potentially unjustly wide discounts. The pick-up in market volatility of late, amid concerns over rising inflation levels and the emergence last month of the Omicron variant, has led to a welcome increase in potential investment trust discount […]
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15 Nov 2021 1 min read
Renewable trust NAV declines are unnerving some investors
QuotedData’s James Carthew looks at how declining forecasts of long-term power prices are impacting renewable investment trusts ESGClarity, 15 November 2021 / Opinion Following a successful £210m new issue from Harmony Energy Income, there are now 20 companies in the AIC’s renewable energy sector and at least two more – Atrato Onsite Energy and ThomasLloyd Energy […]
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13 Apr 2021 1 min read
Bridges and walls are the road to profit in the US recovery plan
Bridges and walls are the road to profit in the US recovery plan David Brenchley, Sunday April 11 2021, 12.01am, The Sunday Times While on the campaign trail to become president, Joe Biden pledged to “build bridges, not walls”. On April 1 he announced plans to build literal bridges, alongside other infrastructure projects, in a […]
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25 Jan 2021 1 min read
Can you cash in on a Biden bounce
Is America’s bubble about to burst – or can you cash in on a BIDEN BOUNCE as Democrat takes the reins By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 23 January 2021 | UPDATED: 10:38, 24 January 2021 In the last few days, the world’s eyes have been on the United States as the presidency has transferred from Donald […]
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16 Apr 2019 1 min read
Investment Trust Insider on US Solar Fund
Investment Trust Insider on US Solar Fund – James Carthew: I’m delighted US Solar made it over the line The Brexit can has been kicked down the road again, extending a period of paralysis and indecision that has dragged on for months. Companies are deferring investment and this has real consequences for the UK economy which […]
