The Renewables Infrastructure Group (LON:TRIG) Reaches New 52-Week Low – What’s Next?

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 59.13 and last traded at GBX 69.08, with a volume of 3843813 shares trading hands. The stock had previously closed at GBX 68.70.

The Renewables Infrastructure Group Price Performance

The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of -12.89 and a beta of 0.34. The stock has a 50 day simple moving average of GBX 66.76 and a two-hundred day simple moving average of GBX 69.70.

Insiders Place Their Bets

In related news, insider Tove Feld acquired 6,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were bought at an average price of GBX 66 per share, with a total value of £3,960. Insiders own 0.03% of the company’s stock.

About The Renewables Infrastructure Group

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.