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About the company
Harmony Energy Income Trust plc is a United Kingdom-based investment company. The Company’s principal activity is to invest in commercial scale battery energy storage and renewable energy generation projects, with an initial focus on a portfolio of utility scale battery energy storage systems (BESS), located in diverse locations across 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 Pillswood project with a capacity of 98 megawatts (MW) / 196 megawatt hours (MWh). It also owns the Bumpers Project with a capacity of 99 MW/198 MWh, located in Buckinghamshire.
- Revenue in GBP (TTM)-26.29m
- Net income in GBP-29.08m
- Incorporated2021
- Employees--
- LocationHarmony Energy Income Trust PLCThe Scalpel, 18th Floor, 52 Lime StreetLONDON EC3M 7AFUnited KingdomGBR
- Websitehttps://www.heitp.co.uk/
Profile
Management group(s) | Harmony Energy Advisors Limited |
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AIC sector | Renewable Energy Infrastructure |
ISIN | GB00BLNNFY18 |
Launch date | 09 Nov 2021 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
To provide investors with 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 battery energy storage systems located in Great Britain.
Managed by
Paul Mason, Max Slade, Peter Kavanagh, James Ritchie |
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Management & contract fees
The Investment Adviser is entitled to a fee of (a) one twelfth of 0.9% per calendar month of the lesser of the (i) NAV or (ii) Average Market Capitalisation of the Company up to the threshold of £250,000,000 and (b) one twelfth of 0.8% per calendar month of the lesser of the (i) NAV or (ii) Average Market Capitalisation of the Company in excess of GBP 250m. The AIFM has appointed the Investment Adviser for an initial period of two years and thereafter the Investment Advisory Agreement is terminable on six months’ notice by the Company and twelve months’ notice by the Investment Adviser (or on immediate notice in certain customary circumstances).
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Northern Venture Trust plc | 5.92m | 3.22m | 111.50m | 0.00 | 30.54 | 0.9205 | -- | 18.83 | 0.0182 | 0.0182 | 0.033 | 0.6029 | 0.0544 | -- | -- | -- | 2.95 | -- | 2.96 | -- | 65.13 | -- | 54.31 | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
VPC Specialty Lending Investments PLC | -10.18m | -25.83m | 113.82m | 0.00 | -- | 0.5055 | -- | -- | -0.0928 | -0.0928 | -0.0366 | 0.8091 | -0.0317 | -- | -- | -- | -8.04 | 3.85 | -8.04 | 3.91 | -- | 76.32 | -- | 41.46 | -- | -2.64 | 0.1445 | 158.52 | -259.48 | -- | -16.73 | -- | -- | 0.00 |
Albion KAY VCT PLC | 4.80m | 2.14m | 114.52m | 0.00 | 48.12 | 1.01 | -- | 23.84 | 0.0043 | 0.0043 | 0.0093 | 0.2038 | 0.0456 | -- | 2.63 | -- | 2.03 | 5.22 | 2.04 | 5.27 | 54.12 | 71.40 | 44.46 | 65.70 | -- | -- | 0.00 | 147.51 | 44.87 | -12.71 | 194.21 | -21.55 | -- | -2.64 |
CQS Natural Rsrcs Grwth Inc PLC | -9.74m | -13.69m | 114.92m | 0.00 | -- | 0.8662 | -- | -- | -0.2047 | -0.2047 | -0.1456 | 2.04 | -0.0605 | -- | -- | -- | -8.51 | 10.17 | -9.35 | 11.63 | -- | 88.26 | -- | 83.07 | -- | -- | 0.0929 | 34.22 | -65.75 | -8.52 | -77.73 | -13.07 | -- | 0.00 |
Molten Ventures VCT PLC | -5.00m | -8.05m | 115.33m | 0.00 | -- | 0.8716 | -- | -- | -0.0332 | -0.0332 | -0.0206 | 0.4819 | -0.044 | -- | -- | -- | -7.08 | 1.30 | -7.08 | 1.31 | -- | 46.92 | -- | 32.83 | -- | -- | 0.00 | 469.97 | -1.58 | -- | -6.53 | -- | -- | -3.58 |
Amati AIM VCT PLC | -41.59m | -44.82m | 117.57m | 0.00 | -- | 0.8394 | -- | -- | -0.297 | -0.297 | -0.2757 | 0.9471 | -0.2402 | -- | -- | -- | -25.88 | -4.44 | -26.03 | -4.47 | -- | -- | -- | -- | -- | -- | 0.00 | -- | 22.90 | -- | 23.05 | -- | -- | -7.79 |
Northern 2 VCT plc | 5.51m | 2.85m | 118.60m | 0.00 | 36.86 | 0.9253 | -- | 21.52 | 0.0144 | 0.0144 | 0.0277 | 0.5728 | 0.048 | -- | 10.71 | -- | 2.48 | 5.06 | 2.49 | 5.12 | 62.61 | 71.15 | 51.69 | 65.13 | -- | -- | 0.00 | 136.44 | 696.97 | -2.42 | 182.22 | -7.64 | -- | -5.59 |
Symphony International Holdings Ltd | 9.22m | -76.74m | 119.46m | -- | -- | 0.4173 | -- | 12.96 | -0.1991 | -0.1991 | 0.0239 | 0.7429 | 0.028 | -- | 161.58 | -- | -23.27 | -2.84 | -23.29 | -2.94 | 21.30 | 75.84 | -832.53 | -31.53 | -- | 0.0114 | 0.00 | -- | -16.74 | -14.03 | -1,446.62 | -- | -- | -26.93 |
Harmony Energy Income Trust PLC | -26.29m | -29.08m | 119.47m | -- | -- | 0.5467 | -- | -- | -0.1264 | -0.1264 | -0.1179 | 0.9621 | -0.1083 | -- | -- | -- | -11.98 | -- | -12.01 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -87.37 | -- | -93.51 | -- | -- | -- |
Northern 3 VCT PLC | 5.76m | 3.04m | 121.42m | 0.00 | 35.90 | 0.9238 | -- | 21.09 | 0.023 | 0.023 | 0.0437 | 0.8931 | 0.0488 | -- | 11.14 | -- | 2.58 | 5.26 | 2.58 | 5.32 | 63.30 | 71.69 | 52.77 | 66.17 | -- | -- | 0.00 | 112.88 | 850.00 | -3.67 | 254.45 | -9.41 | -- | 0.9806 |
Seraphim Space Investment Trust PLC | 7.33m | 3.31m | 124.29m | -- | 37.72 | 0.5541 | -- | 16.96 | 0.0139 | 0.0139 | 0.0307 | 0.9457 | 0.0328 | -- | 200.77 | -- | 1.48 | -- | 1.48 | -- | 61.91 | -- | 45.13 | -- | -- | -- | 0.00 | -- | -262.19 | -- | -602.20 | -- | -- | -- |
Rights and Issues Investment Trust PLC | 18.31m | 17.08m | 125.14m | 0.00 | 7.53 | 0.9153 | -- | 6.83 | 3.24 | 3.24 | 3.30 | 26.66 | 0.1314 | -- | 14.20 | -- | 12.25 | 2.85 | 12.30 | 2.86 | 96.83 | -- | 93.27 | 81.64 | -- | -- | 0.00 | 50.63 | 109.21 | -- | 106.63 | -- | -- | 6.42 |
Record Plc | 45.38m | 9.25m | 125.40m | 97.00 | 13.19 | 4.33 | 12.57 | 2.76 | 0.0478 | 0.0478 | 0.2343 | 0.1454 | 1.25 | -- | 3.31 | -- | 25.42 | 23.55 | 31.83 | 29.17 | 99.82 | 99.44 | 20.39 | 23.24 | -- | -- | 0.0064 | 84.00 | 1.54 | 12.69 | -18.40 | 7.55 | 31.76 | 14.87 |
Middlefield Canadian Income PCC | 2.99m | -1.66m | 125.61m | 0.00 | -- | 1.58 | -- | 41.94 | -0.0156 | -0.0156 | 0.0281 | 1.22 | 0.0189 | -- | 4.85 | -- | -1.05 | 7.06 | -1.25 | 8.63 | 66.69 | 92.23 | -55.41 | 75.34 | -- | 0.7975 | 0.1443 | 49.99 | 325.82 | -- | 54.17 | -- | -- | 0.4855 |
Majedie Investments plc | 21.20m | 17.11m | 127.20m | 3.00 | 7.44 | 0.8888 | 7.42 | 6.00 | 0.3228 | 0.3228 | 0.3999 | 2.70 | 0.134 | -- | 3.01 | 7,065,334.00 | 10.81 | -2.46 | 11.65 | -2.48 | 88.80 | -- | 80.70 | -- | -- | -- | 0.1262 | -- | 182.02 | 21.85 | 155.72 | 59.86 | -42.57 | -13.26 |
Artemis Alpha Trust PLC | 20.32m | 17.68m | 127.58m | 0.00 | 7.22 | 0.9428 | -- | 6.28 | 0.5405 | 0.5405 | 0.6213 | 4.14 | 0.1523 | -- | 10.70 | -- | 13.25 | 4.44 | 13.86 | 4.61 | 90.12 | 84.53 | 86.99 | 76.87 | -- | -- | -- | 32.85 | 648.03 | -- | 2,090.83 | -- | -- | 6.34 |
Holder | Shares | % Held |
---|---|---|
Schroder & Co. Ltd.as of 24 Jan 2024 | 40.56m | 17.86% |
PrimeStone Capital LLPas of 28 Jun 2024 | 25.49m | 11.22% |
Close Asset Management Ltd.as of 31 Oct 2023 | 20.42m | 8.99% |
EQ Investors Ltd.as of 31 Oct 2023 | 11.82m | 5.21% |
Premier Fund Managers Ltd.as of 09 Feb 2024 | 11.46m | 5.05% |
Handelsbanken Wealth & Asset Management Ltd.as of 12 Feb 2024 | 9.96m | 4.39% |
Schroder Investment Management Ltd.as of 31 Dec 2023 | 9.74m | 4.29% |
Walker Crips Investment Management Ltd. (Invt Mgmt)as of 31 Oct 2023 | 8.61m | 3.79% |
Waverton Investment Management Ltd.as of 31 Oct 2023 | 6.90m | 3.04% |
Newton Investment Management Ltd.as of 31 Jul 2024 | 6.79m | 2.99% |