Bluefield Solar
Income Fund - Update from
QuotedData
5th November
2024
Compelling
Opportunity
Despite its resilient
business model, record of high dividends, and deep
development pipeline (with an extensive list of upcoming projects),
investors have continued to overlook the Bluefield Solar Income
Fund (BSIF). This appears to be related to the negative sentiment
surrounding the renewable energy sector.
Positively, despite the
troubles of the broader sector, we see a clear path for the
company's discount to
return to its historic premium. The new
partnership with GLIL provides an avenue for the ongoing
development of its impressive pipeline, while the recent sale of a
112MW portfolio of operating solar assets
at NAV further
highlights the irrational discount.
The improving economic
outlook and falling interest
rates provide another
catalyst, as will the new government's recently announced plans to
decarbonise the electricity system as part of the Clean Power 2030
mission. As manager James Armstrong commented, in his 18 years of
experience in renewables, he has never seen such a positive
regulatory outlook.
Given the ongoing execution
of the trust, and the efforts of the advisory team to ensure the
long-term health of its portfolio, investors should remain
confident that BSIF's fortunes will improve.
Full
Research:
https://quoteddata.com/research/bluefield-solar-income-fund-compelling-opportunity-qd/
This research is also
available free on our website www.quoteddata.com
where you will also find
news, performance data and factsheets on every London listed
Investment Company. QuotedData writes and distributes research on a
number of quoted companies, facilitates meetings between those
companies and existing and potential investors and assists in
raising additional capital where required.
NB: Marten & Co was
paid to produce this note on Bluefield Solar Income Fund Limited,
and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities
mentioned in this report. Please read the important information at
the back of this note. QuotedData is a trading name of Marten &
Co Limited which is authorised and regulated by the Financial
Conduct Authority. Marten & Co is not permitted to provide
investment advice to individual investors categorised as Retail
Clients under the rules of the Financial Conduct
Authority.
QUOTEDDATA
50 Gresham Street | London EC2V 7AY
Tel: +44 (0) 20 3691 9430
www.quoteddata.com
| research@quoteddata.com
| www.martenandco.com