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Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ) has issued an update.
Downing Renewables & Infrastructure Trust announced the sale of its Swedish wind farm, achieving a premium over its carrying value, resulting in a 54% total return since its acquisition. This sale enables the company to repay its revolving credit facility, invest in its portfolio, and continue its share buyback program, positively affecting investor sentiment and reducing the discount.
More about Downing Renewables & Infrastructure Trust Plc
Downing Renewables & Infrastructure Trust Plc operates in the renewable energy and infrastructure sector, focusing on investments in sustainable energy projects. The company is engaged in acquiring and managing renewable energy assets, with an emphasis on creating value for shareholders through strategic investments and asset sales.
YTD Price Performance: 12.47%
Average Trading Volume: 255,690
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £148.2M
Find detailed analytics on DORE stock on TipRanks’ Stock Analysis page.
