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About the company
Foresight Solar Fund Limited is a Jersey-based closed-ended investment company with a diversified portfolio of solar photovoltaics (PV) and battery storage assets. The Company’s investment objective is to provide investors with a sustainable and progressive quarterly dividend underpinned by investments in a geographically diverse portfolio of assets. It aims to deliver sustainable investment returns to investors alongside environmental, social and governance (ESG) benefits. The Company acquires ground-based, operational solar power plants. It is also permitted to invest in utility-scale battery storage systems up to a limit of 10% of the GAV of the Company, calculated at the time of investment. Its diversified portfolio consists of 61 assets with a total global peak capacity of 1.1 gigawatt (GW). Its assets include Highfields, Castle Eaton, High Penn, Hunters Race, Spriggs Farm, Kencot Hill, Copley, Paddock Wood, Southam, Port Farm, Sandridge, Wally Corner, Park Farm and others.
- Revenue in GBP (TTM)14.40m
- Net income in GBP6.40m
- Incorporated2013
- Employees0.00
- LocationForesight Solar Fund Limited28 EsplanadeSAINT HELIER JE2 3QAJerseyJEY
- Phone+44 1 534700000
- Websitehttps://fsfl.foresightgroup.eu/
Profile
| Management group(s) | Foresight Group LLP |
|---|---|
| AIC sector | Renewable Energy Infrastructure |
| ISIN | JE00BD3QJR55 |
| Launch date | 29 Oct 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, whilst facilitating climate change mitigation and the transition to a lower carbon economy. The Company pursues its investment objective by investing in a diversified portfolio of ground-based, solar power plants and utility-scale battery energy storage systems ('BESS') predominantly located in the UK.
Managed by
| Ricardo Pineiro |
|---|
Management & contract fees
The annual management fee of 1% p.a. of NAV up to GBP 500m, NAV in excess of GBP 500m is charged at 0.9% p.a.. This is payable quarterly in arrears and is calculated based on the published quarterly NAV. The Management Agreement has an initial term of 4 years and contract terminable on a 12-months notice period.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jpmorgan Uk Small Cap Growth & IncomePLC | 104.52m | 99.70m | 419.63m | 0.00 | 3.46 | 0.8027 | -- | 4.01 | 0.8739 | 0.8739 | 1.01 | 3.76 | 0.2475 | -- | 41.50 | -- | 23.60 | 9.75 | 26.26 | 10.63 | 95.90 | 91.27 | 95.39 | 89.73 | -- | -- | 0.00 | 20.70 | 1,238.81 | -- | 875.44 | -- | -- | 12.84 |
| Tatton Asset Management PLC | 40.96m | 15.34m | 421.16m | 103.00 | 28.04 | 8.94 | 25.79 | 10.28 | 0.2496 | 0.2496 | 0.6667 | 0.7831 | 0.7681 | -- | 18.98 | 397,679.60 | 28.60 | 26.86 | 33.50 | 33.08 | -- | -- | 37.23 | 34.92 | -- | 27.05 | 0.0119 | 70.22 | 13.86 | 16.01 | -3.38 | 21.61 | 1.61 | 13.75 |
| IP Group Plc | 0.00 | -223.00m | 423.08m | 95.00 | -- | 0.4064 | -- | -- | -0.2156 | -0.2156 | 0.00 | 1.06 | 0.00 | -- | -- | 0.00 | -16.22 | 0.4855 | -16.33 | 0.4948 | -- | -- | -- | 5.31 | -- | -0.1223 | 0.1242 | 96.72 | -600.00 | -- | 49.84 | -- | -- | -- |
| Abrdn Asia Focus PLC | 55.49m | 37.33m | 427.99m | 0.00 | 11.69 | 0.8687 | -- | 7.71 | 0.2429 | 0.2429 | 0.3585 | 3.27 | 0.0974 | -- | 18.36 | -- | 6.55 | 5.67 | 6.79 | 5.79 | 90.84 | 87.43 | 67.26 | 73.99 | -- | -- | 0.1166 | 32.94 | 23.54 | 10.05 | 6.07 | 6.71 | -- | 18.05 |
| North American Income Trust PLC | 61.93m | 54.54m | 428.41m | 0.00 | 8.40 | 0.9763 | -- | 6.92 | 0.4025 | 0.4025 | 0.4527 | 3.46 | 0.1249 | -- | 14.44 | -- | 11.00 | 5.47 | 11.15 | 5.60 | 93.11 | 87.54 | 88.07 | 78.00 | -- | -- | 0.0787 | 58.35 | -103.14 | -- | -121.94 | -- | -- | 6.60 |
| Polar Capital Global Healthcare Trst PLC | 85.55m | 78.00m | 439.71m | 0.00 | 5.63 | 0.9009 | -- | 5.14 | 0.6432 | 0.6432 | 0.7054 | 4.02 | 0.1719 | -- | 20.26 | -- | 15.68 | 7.01 | 16.63 | 7.17 | 95.17 | 90.47 | 91.18 | 84.03 | -- | 66.76 | 0.0138 | 8.98 | -12.96 | -15.35 | -21.53 | -19.22 | -- | 0.9806 |
| Pollen Street Group Ltd | 108.82m | 46.52m | 441.03m | 84.00 | 9.78 | 0.7607 | 9.23 | 4.05 | 0.7262 | 0.7262 | 1.70 | 9.33 | 0.1377 | -- | 8.80 | 1,327,122.00 | 5.89 | 4.30 | 6.40 | 4.84 | -- | -- | 42.75 | 43.67 | -- | 3.57 | 0.1855 | -- | 61.99 | 13.95 | 53.28 | 7.46 | -1.80 | -- |
| Impax Asset Management Group Plc | 176.56m | 40.67m | 442.82m | 290.00 | 10.95 | 3.75 | 9.68 | 2.51 | 0.3046 | 0.3046 | 1.35 | 0.8888 | 1.09 | -- | 4.24 | 608,817.30 | 25.18 | 23.37 | 32.42 | 32.48 | -- | -- | 23.03 | 25.62 | -- | -- | 0.0648 | 69.97 | 1.69 | 22.12 | -34.06 | 28.03 | -13.38 | 46.43 |
| Jupiter Fund Management PLC | 398.00m | -8.90m | 446.66m | 527.00 | -- | 0.5629 | 26.12 | 1.12 | -0.0186 | -0.0186 | 0.7622 | 1.48 | 0.2924 | -- | 2.14 | 755,218.20 | -0.6539 | 6.99 | -0.9407 | 9.08 | 90.83 | 90.99 | -2.24 | 17.29 | -- | -- | 0.2718 | 106.76 | -8.55 | -2.51 | -126.93 | -- | 0.5814 | -16.60 |
| Schroder Asian Totl Retrn Invstmt Co PLC | 76.65m | 68.75m | 451.70m | 0.00 | 6.86 | 0.974 | -- | 5.89 | 0.7038 | 0.7038 | 0.7797 | 4.96 | 0.1524 | -- | 22.08 | -- | 13.67 | 6.89 | 14.92 | 7.43 | 92.84 | 86.10 | 89.70 | 82.74 | -- | -- | 0.0185 | 27.48 | 166.04 | -- | 149.88 | -- | -- | 13.15 |
| Pacific Assets Trust plc | 60.61m | 42.83m | 456.06m | 0.00 | 10.68 | 0.8963 | -- | 7.52 | 0.3541 | 0.3541 | 0.5011 | 4.22 | 0.1196 | -- | 37.20 | -- | 8.45 | 6.78 | 8.47 | 6.81 | 92.35 | 89.43 | 70.66 | 75.78 | -- | -- | 0.00 | 11.41 | -85.04 | -23.40 | -123.96 | -- | -- | 5.92 |
| Foresight Solar Fund Ltd | 14.40m | 6.40m | 457.16m | 0.00 | 78.11 | 0.711 | -- | 31.75 | 0.0105 | 0.0105 | 0.0246 | 1.15 | 0.0208 | -- | 0.7002 | -- | 0.9242 | 7.43 | 0.9251 | 7.44 | 54.17 | 88.66 | 44.44 | 86.67 | -- | -- | 0.00 | 82.16 | -100.59 | -- | -106.01 | -- | -- | 2.79 |
| Georgia Capital PLC | 52.85m | 50.93m | 462.82m | 47.00 | 10.30 | 0.5521 | -- | 8.76 | 1.17 | 1.17 | 1.34 | 21.90 | 0.0584 | -- | -- | 1,124,415.00 | 5.63 | 16.87 | 5.63 | 17.28 | -- | -- | 96.37 | 70.97 | -- | -- | 0.00 | -- | 66,495.67 | -13.65 | 5,107.96 | -- | -- | -- |
| Fidelity Emerging Markets Ltd | 124.23m | 100.31m | 474.17m | 0.00 | 5.72 | 0.8783 | -- | 3.82 | 1.19 | 1.19 | 1.43 | 7.73 | 0.1934 | -- | 21.44 | -- | 15.61 | 1.43 | 16.26 | 1.45 | 97.00 | 78.30 | 80.75 | 40.72 | -- | -- | 0.00 | 103.94 | 306.44 | 16.61 | 766.49 | 21.34 | -- | 1.03 |
| Ashoka India Equity Investment Trust PLC | 113.79m | 96.65m | 480.07m | 0.00 | 3.89 | 1.07 | -- | 4.22 | 0.7654 | 0.7654 | 0.9093 | 2.79 | 0.3247 | -- | 248.18 | -- | 27.58 | 19.27 | 27.90 | 19.64 | 100.11 | 95.32 | 84.94 | 80.02 | -- | -- | 0.00 | -- | 150.40 | 76.11 | 179.51 | 78.18 | -- | -- |
| Foresight Environmental Infrstrctr | -6.50m | -16.34m | 493.44m | 0.00 | -- | 0.6798 | -- | -- | -0.0247 | -0.0247 | -0.0098 | 1.09 | -0.0086 | -- | -- | -- | -2.15 | 8.18 | -2.16 | 8.21 | -- | 88.76 | -- | 86.60 | -- | -- | 0.00 | 74.12 | -103.53 | -- | -114.18 | -- | -- | 3.07 |
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Investment Management (UK) Ltd.as of 17 Oct 2024 | 56.26m | 9.80% |
| Valu-Trac Investment Management Ltd.as of 30 Aug 2024 | 36.16m | 6.30% |
| Legal & General Investment Management Ltd.as of 07 Sep 2023 | 29.85m | 5.20% |
| CCLA Investment Management Ltd.as of 30 Jun 2024 | 26.18m | 4.56% |
| Privium Fund Management BVas of 31 Oct 2024 | 22.16m | 3.86% |
| Schroder & Co. Ltd.as of 31 Dec 2023 | 16.31m | 2.84% |
| RM Capital Markets Ltd.as of 31 Oct 2024 | 10.78m | 1.88% |
| Alder Investment Management Ltd.as of 31 Oct 2024 | 8.62m | 1.50% |
| Foresight Group LLP (Investment Management)as of 31 Oct 2024 | 8.44m | 1.47% |
| Vanguard Global Advisers LLCas of 31 Oct 2024 | 8.39m | 1.46% |
