STOCK WATCH

Daily Mail - - City & Finance -

NOT many com­pa­nies at­tribute healthy re­sults to the speed of the wind, but it’s se­ri­ously im­por­tant for Green­coat UK Wind, with stakes in 34 re­new­able en­ergy projects.

Yes­ter­day it said it would be rais­ing around £660m to buy new as­sets as it takes ad­van­tage of fresh op­por­tu­ni­ties.

With debt of about £800m, or 34pc of gross as­sets, is­su­ing eq­uity seems sen­si­ble. The stock will be priced at 133p, a 6pc dis­count on Wed­nes­day’s 142p close. Shares closed at 138p, down 2.8pc, or 4p.

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