Earnings call transcript: Foresight Solar H1 2026 profit steady as output slips

Foresight Solar Fund reported first-half earnings that were largely in line with expectations in its earnings call transcript. The trust's EBITDA remained on budget, but global generation fell 5.6% below budget and net asset value declined to £517.9 million, down 5.1% from the previous year-end. The fund's shares gained 1.56% in premarket trading to $71.6 before later settling at $69.9, a 1.27% drop from the prior close.

Despite the mixed results, dividend cover for 2026 is projected at 1.1x based on contracted revenues. Foresight Solar is expanding its battery storage capabilities with the first asset, Sandridge, and reviewing potential disposals across the UK, Spain, and Australia. The fund lead, Will Morgan, stated that EBITDA being on budget marks a positive start to the year.