The Renewables Infrastructure Group (LON:TRIG) Hits New 1-Year High – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG) 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 trading hands. The stock had previously closed at GBX 79.60.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of The Renewables Infrastructure Group in a research note on Friday, July 31st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, The Renewables Infrastructure Group has an average rating of “Hold”.

The Renewables Infrastructure Group Price Performance

The firm has a market capitalization of £1.88 billion, a PE ratio of -136.33 and a beta of 0.40. The firm’s fifty day moving average is GBX 77.81 and its two-hundred day moving average is GBX 72.51.

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.