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Foresight Solar net asset fall, driven by downward revision of UK power price forecasts

By BFN News | 08:43 AM | Thursday 22 August, 2019


Foresight Solar reported a fall in net assets in the first half of the year driven by a downward revision of UK power price forecasts. For the six-month period ended 30 June 2019, Net asset value decreased to £601.5m from £610.3m reported at the of December last year. The company a 0.25% reduction in the discount rate applied to the UK portfolio and improved financing terms eased the decline in net assets. The company said it was on track to deliver 2019 target dividend of 6.76p per share. At 8:43am: (LON:FSFL) Foresight Solar Fund Ltd share price was -1.25p at 121.75p Story provided by StockMarketWire.com

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