Gresham House Energy Storage Fund PLC 17.9% potential upside indicated by Barclays

Gresham House Energy Storage Fund PLC with ticker (LON:GRID) now has a potential upside of 17.9% according to Barclays.



Barclays set a target price of 184 GBX for the company, which when compared to the Gresham House Energy Storage Fund PLC share price of 156 GBX at opening today (26/05/2023) indicates a potential upside of 17.9%. Trading has ranged between 2 (52 week low) and 184 (52 week high) with an average of 596,249 shares exchanging hands daily. The market capitalisation at the time of writing is £839,840,610.

Gresham House Energy Storage Fund plc is a United Kingdom-based closed-ended investment company. Through its subsidiaries, the Company’s principal activity is to invest in special purpose vehicles (SPVs), which operate a diversified portfolio of operating utility-scale battery energy storage systems (BESS), which utilize batteries and may also utilize generators. The BESS projects comprising the investment portfolio are located in diverse locations across Great Britain. The Company seeks to provide shareholders with a sustainable dividend over the long term, alongside the prospect of capital growth. The Company’s projects portfolio includes Staunch, Rufford, Littlebrook, Lockleaze, Glassenbury, Roundponds, Wolves, Cleator, Red Scar, Bloxwich, Thurcroft, Wickham, Tynemouth and other. The Company is managed by Gresham House Asset Management Limited.