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NextEnergy Solar fund NAV drops 8.4% amid reduction in power price forecasts
NextEnergy Solar fund NAV drops 8.4% amid reduction in power price forecasts
Investment Week
Ordinary shareholders’ NAV endured a similar fate, dropping from £674.4m at the end of March 2023 to £618.6m as of 31 March 2024. The falls were largely attributed to a reduction in short-term UK power price forecasts, which Investec analysts Ben Newell and Alan Brierley said detracted 7.8p per share. US Solar Fund eyes share buybacks as NAV falls 20% over 2023 They explained increases in discount rates also detracted 4.6p per share. However, these were partly offset by revisions to short-term inflation forecasts, the revaluation of new assets as they became operational and the sal…
The full article is available here. This article was published at Investment Week.
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