US Solar Fund (GB:USF) has released an update.
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US Solar Fund PLC reported a slight decrease in NAV to $255.9 million for Q1 2024, impacted by lower than expected solar generation primarily due to weather conditions. Despite the underperformance, technical issues improved compared to the previous year. Additionally, the company completed a tender offer returning up to $19 million to shareholders and reduced its revolving credit facility from $40 million to $20 million to optimize capital management.
For further insights into GB:USF stock, check out TipRanks’ Stock Analysis page.
