Will Good Energy ever be a good investment? (Updated)
The renewable energy specialist is struggling to progress but there is plenty to like about this green energy pioneer and a more focused strategy would go down well. Our updated research note assesses its prospects.
Good Energy Group (LON:GOOD) is a UK based renewable energy company, based in Chippenham, Wiltshire. Its business model can be split into four key areas: It purchases renewable electricity from a community of 1,600 independent UK generators. This is typically from local farms and sustainable businesses who generate their own power and sell Good Energy the excess. The Group incentivises people and businesses to generate their own electricity via Feed-in Tariffs (FiT) and their HomeGen scheme actually laid the foundations for the government’s FiT scheme. Today it is one of the biggest FiT providers in the UK. As well as supporting…