Power price declines put renewable trusts under pressure

Stifel explains its ‘sell’ ratings on NextEnergy Solar and John Laing Environmental Assets  
Thursday 21 Jun 2018 Author: Steven Frazer
The spotlight has fallen on infrastructure investment trusts after two separate closed-end funds have come under fire from analysts at investment bank Stifel. It is negative on the immediate prospects for NextEnergy Solar Fund ( NESF ) and John Laing Environmental Assets ( JLEN ) largely because of declining power price assumptions that act as a drag on net asset value (NAV). Long-term power price assumptions have fallen by...

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