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Craig's avatar

I am substantially overweight GSF (vs. my usual allocation to individual ITs). Far too cheap based on installed capacity and the % of revenues that are fixed. Too much pearl-clutching from the market about historically uncovered dividends, when much of the portfolio was still under construction. (but with GSF in a net cash position, what would be better? Leaving it in the bank?) Once 750MW is fully operational and the US tax credit is in the bank, investors will look back and wonder how it ever traded at 50p.

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Richard W's avatar

"Battery energy storage systems costs are plunging."

That seems like a negative to me. The batteries that we're investing in now may be undercut by competition from cheaper ones in the future. This is what has put me off owning battery funds in the past, though I do now own some GSF. (It's also why I own a lot more wind than solar, as wind turbines are not likely to fall in price as fast as solar panels.)

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