Daily Ideas·Pitch·GRP.L·2026年1月29日

GRP.L stock pitch - 2026-01-30

Theodosian Capital
YellowBrick

GRP.L (update): Q4 NAV 99c (-2.5c q/q) from poor wind generation 10% below budget, but 2026 dividend maintained at 6.81c/share (10.2% yield) with 1.5x+ coverage. Structural growth play on electricity demand (data centers, AI, electrification) with attractive income stream despite near-term headwinds.

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