The Renewables Infrastructure Group (LON:TRIG) Hits New 1-Year Low – Here’s What Happened

The Renewables Infrastructure Group Limited (LON:TRIG) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 63.50 and last traded at GBX 63.89, with a volume of 4399270 shares changing hands. The stock had previously closed at GBX 65.

The Renewables Infrastructure Group Stock Down 1.7%

The company has a 50-day simple moving average of GBX 67.42 and a two-hundred day simple moving average of GBX 71.04. The firm has a market cap of £1.53 billion, a PE ratio of -11.83 and a beta of 0.35.

Insiders Place Their Bets

In related news, insider John Whittle acquired 40,000 shares of the stock in a transaction on Monday, January 5th. The shares were acquired at an average price of GBX 69 per share, with a total value of £27,600. Also, insider Tove Feld bought 6,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £3,960. Insiders have bought a total of 68,000 shares of company stock worth $4,630,000 over the last quarter. Company insiders own 0.03% of the company’s stock.

About The Renewables Infrastructure Group

TRIG was one of the first investment companies investing in renewable energy infrastructure projects listed on the London Stock Exchange.

TRIG completed its IPO in 2013 raising £300m and is a member of the FTSE250 index. The Company develops, constructs and operates a portfolio of renewable energy infrastructure that creates value for its shareholders and generates secure, clean electricity that benefits both society and the environment.

The Company’s diversified portfolio includes onshore and offshore wind farms, solar parks and battery storage projects in the UK and mainland Europe.

TRIG’s strategy is focused on delivering capital growth and attractive, income-based returns supported by strong cash generation and a positive link to inflation.