The Renewables Infrastructure Group (LON:TRIG) Sets New 12-Month High – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 80.60 and last traded at GBX 80.50, with a volume of 3,188,545 shares traded. The stock had previously closed at GBX 79.60.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of The Renewables Infrastructure Group in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

The Renewables Infrastructure Group Price Performance

The stock has a fifty day simple moving average of GBX 77.65 and a two-hundred day simple moving average of GBX 72.40. The firm has a market capitalization of £1.85 billion, a P/E ratio of -134.17 and a beta of 0.40.

The Renewables Infrastructure Group Company Profile

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.