Harmony Energy Income Trust PLC 21.6% potential upside indicated by Berenberg Bank

Harmony Energy Income Trust PLC with ticker (LON:HEIT) now has a potential upside of 21.6% according to Berenberg Bank.



Berenberg Bank set a target price of 135 GBX for the company, which when compared to the Harmony Energy Income Trust PLC share price of 111 GBX at opening today (31/05/2023) indicates a potential upside of 21.6%. Trading has ranged between 96 (52 week low) and 127 (52 week high) with an average of 161,298 shares exchanging hands daily. The market capitalisation at the time of writing is £252,112,302.

Harmony Energy Income Trust plc is a United Kingdom-based investment company. The Company invests in commercial-scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of battery energy storage systems (BESS) located in Great Britain. Its investment objective is to provide an attractive and sustainable level of income returns, with the potential for capital growth, by investing in commercial-scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of BESS located in Great Britain. The Company may invest in operational, under-construction or shovel-ready projects, and may also provide development finance to pipeline projects. It owns the Bumpers Project with a capacity of 99 megawatts (MW)/198-megawatt hours (MWh), located in Buckinghamshire. It also owns three shovel-ready pipeline projects with a capacity of 181.9 MW/363.8 MWh. Its portfolio includes nine BESS projects.