$1.395

0.005 (0.36%)

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NEW General Information

New Energy Solar
NEW
http://www.nes.com.au
Renewable Electricity
484
347

NEW Current Share Price+

Current Price $1.395
Open $1.400
High $1.415
Low $1.395
Last Close $1.400
Volume 65862
Price Movement $0.00 ( 0.36% )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

NEW Company Overview

Business Description

New Energy Solar (NEW) is a new sustainable investment fund initially focused on investing in large-scale, cash-flow producing solar farms that generate emissions-free power also managed by a subsidiary of Walsh & Company Asset Management, a Sydney-based specialist global fund manager. It's objective is to help investors generate positive social impact alongside attractive financial returns through the combination of distributions from producing solar assets and growth through new acquisitions and developments in the solar and renewable sectors. NES has a portfolio of four operating solar power plants – two in California and two North Carolina – with a total capacity of 225MWDC.These four assets generated in excess of 189,000 megawatt hours (MWh) of emission-free electricity.

NEW Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 A -7.10 -3.50 0.00% 0.00 4.00 2.60% 0.0%

NEW Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2017 A 2017 A 2017 A
Infigen Energy (IFN) $426M 0.1915 0.0063 0.0270 9.2902 9.2324 8.9899 0.00% 0.00% 0.00%
New Energy (NEW) $486M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 2.86% 0.00% 0.00%

NEW Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.96 0.00
Market 0.72 14.10 1.24 0.95
Sector 0.87 24.20 1.42 1.89

NEW Directors

Name Position Start Date
Mr John Stuart Martin Chief Executive Officer, Managing Director 27 Oct 2017
Mr Jeffrey Robert Whalan Non-Executive Chairman, Non-Executive Director 27 Oct 2017
Mr Michael (Mike) Adams Non-Executive Director 9 Jul 2018
Mr John Holland Non-Executive Director 27 Oct 2017
Mr Alan Cochrane Dixon Non-Executive Director 27 Oct 2017
Mr Alexander Gen MacLachlan Non-Executive Director 27 Jun 2012
Mr James Davies Non-Executive Director 27 Oct 2017
Ms Maxine McKew Non-Executive Director 27 Oct 2017

NEW Management

Name Position
Hannah Chan Company Secretary
Caroline Purtell Company Secretary
Hannah Chan Joint Company Secretary
Simon Barnett Joint Company Secretary

NEW Substantial Shareholders

Holding Name
0 (0%) No substantial shareholder's information disclosed

NEW Calendar of Events

Date Event
30 August 2019 Report (Interim)
27 August 2019 Report (Interim)
22 March 2019 Report (Annual)
27 February 2019 Report (Annual)
27 February 2019 Report (Prelim)
15 February 2019 Div Pay Date
31 December 2018 Books Close
28 December 2018 Div Ex Date

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