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Gresham House Energy Storage NAV per share drops amid 'conservative' revenue forecasts in H1
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investmentweek.co.ukIn its trading update published today (9 September), the energy storage trust said the 19.91p fall was mostly caused by «third-party revenue forecasts», which contributed 19.47p of the total decline, due to the introduction of a «new, more conservative curve provider». GRID noted the fund generated net revenues of £17.9m over the six-month period, although 14.5% lower than the £20.5m generated in the first half of 2023. This, it explained, was caused by an «especially weak» first quarter of 2024, but revenues recovered and stabilised in Q3, although «at a level lower than expected over t...
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