Peel Hunt: Rate cuts a catalyst for alternatives trust discounts to narrow
'The reality is that the first leg of discount narrowing is likely to be reliant on that one factor'
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'The reality is that the first leg of discount narrowing is likely to be reliant on that one factor'
Rising interest rates and volatile power prices have hurt clean energy funds but annual results from The Renewables Infrastructure Group yesterday demonstrate their sell-off has gone too far and the shares look attractive.
Concerns have now shifted towards each vehicle’s balance sheet resilience and portfolio valuation impact.
JLEN Environmental Assets has reported a modest drop in NAV for Q4 2023, in part due to revenue forecast reductions on its battery storage assets.
Peel Hunt has upgraded Chrysalis from neutral to outperform on the back of Klarna’s potential IPO, among other “potential catalysts”.