NextEnergy Solar’s (NESF) strategy reset frees up capital through a dividend policy reset and an extension of the asset disposal programme, in order to continue reducing debt and allow reinvestment in growth initiatives. A dividend cut was clearly necessary, implied by the projected dividend level for FY27. Given that a change was needed, we believe this strategy reset is a sensible outcome and agree with the Board’s reasons against the alternative options – though execution and evidence of capi ....
