US Solar Fund (GB:USF) has released an update.
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US Solar Fund PLC has reported a decrease in Net Asset Value (NAV) to $230.4m and a NAV per share drop to $0.75, attributing the decline to a range of factors including increased risk-free rates, dividend distributions, and changes in operating assumptions. Despite operational challenges such as below-budget generation and unscheduled outages, the company has returned $18.6 million to shareholders through a tender offer and continues to focus on portfolio optimization for future liquidity events. A forthcoming dividend payment is scheduled for October 2024, consistent with the company’s revised interim dividend target.
For further insights into GB:USF stock, check out TipRanks’ Stock Analysis page.
