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    FSFL   JE00BD3QJR55

FORESIGHT SOLAR FUND LIMITED

(FSFL)
  Report
Delayed London Stock Exchange  -  11:35 2022-12-06 am EST
118.00 GBX   -0.17%
12/01Foresight Group managed assets, funds up amid renewable energy demand
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11/24IN BRIEF: Foresight Solar Fund confirms electricity generator levy hit
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11/24Foresight Solar Fund Limited Announces Third Interim Dividend, in Respect of the Period 1 July 2022 to 30 September 2022, Payable on 24 February 2023
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IN BRIEF: Foresight Solar Fund confirms electricity generator levy hit

11/24/2022 | 08:32am EST

Foresight Solar Fund Ltd - Jersey-based investment fund focused on solar photovoltaics and battery storage - Confirms it will be affected by the electricity generator levy in the UK. Says potential impact would be a 0.8 pence hit to net asset value per share at September 30, which was 126.4p per share. It said it would get a 7.9p boost from a reversal of the power curve discount but take a 8.6p hit from applying the levy to its forecast UK solar generation revenue. Its battery storage assets are not expected to fall within scope of levy.

The electricity generator levy, announced as part of the UK government's autumn statement, is a temporary windfall tax of 45% applied to wholesale market revenue above GBP75 per megawatt hours on low-carbon electricity generation. Levy will be applied from January 1, 2023, until March 31, 2028.

Current stock price: 117.24 pence, down 1.2% in London on Thursday

12-month change: up 17%

By Chris Dorrell; chrisdorrell@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
FORESIGHT GROUP HOLDINGS LIMITED 6.59% 437 Delayed Quote.-0.68%
FORESIGHT SOLAR FUND LIMITED -0.17% 118 Delayed Quote.16.37%
All news about FORESIGHT SOLAR FUND LIMITED
12/01Foresight Group managed assets, funds up amid renewable energy demand
AN
11/24IN BRIEF: Foresight Solar Fund confirms electricity generator levy hit
AN
11/24Foresight Solar Fund Limited Announces Third Interim Dividend, in Respect of the Period..
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11/24Foresight Solar Fund Warns NAV Reduction Due To Electricity Generator Levy
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09/30Foresight Solar, JLEN Buy 50% Stake Each in Scottish Battery Energy Storage Plant
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09/15Foresight Solar Fund's H1 Profit Soars On Higher Investment Gains
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09/15Earnings Flash (FSFL.L) FORESIGHT SOLAR FUND Reports H1 EPS GBX19.04
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09/15Foresight Solar Fund Limited Reports Earnings Results for the Half Year Ended June 30, ..
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09/15Foresight Solar Fund Limited Announces Second Interim Dividend for the Fiscal Year of 2..
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08/01Foresight Solar Fund Limited(LSE:FSFL) added to FTSE 25..
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Financials
Sales 2021 125 M 153 M 153 M
Net income 2021 118 M 144 M 144 M
Net cash 2021 10,8 M 13,2 M 13,2 M
P/E ratio 2021 5,24x
Yield 2021 6,88%
Capitalization 720 M 881 M 881 M
EV / Sales 2020 -2 245x
EV / Sales 2021 4,87x
Nbr of Employees -
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 1,18
Average target price
Spread / Average Target -
Managers and Directors
Gary Fraser Chief Financial & Operating Officer
Alexander Anders Ohlsson Independent Non-Executive Chairman
Christopher John Ambler Independent Non-Executive Director
Peter Frederick Dicks Independent Non-Executive Director
Monique O'Keefe Independent Non-Executive Director