Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
Octopus Renewables Infrastructure Trust Plc has embarked on a strategic initiative to enhance shareholder returns by prioritizing the reduction of short-term borrowings and actively managing their capital. The company successfully sold two wind farms at a premium and opted out of a solar project acquisition, resulting in net gains and reinforcing their conservative valuation approach. To address the current undervaluation of its shares relative to the net asset value, ORIT has announced a share buyback program of up to £10 million, leveraging the proceeds from these asset disposals.
For further insights into GB:ORIT stock, check out TipRanks’ Stock Analysis page.
