FKRNF - Falck Renewables: Resilient With Leverage Opportunities But Dividend Too Small
By Felipe Bijit
Utilities continue to be a supremely interesting sector. It offers opportunities in diverse exposures across power technologies and geographies, all providing similar resilience to impacts that result from another set of coronavirus-related lock-downs. In the case of Falck Renewables (FKRNF), resilience is offered through globally diversified renewable assets. As a renewable utilities company, Falck offers valuable resilience from electricity markets in the case of a second wave and another round of stay-at-home orders, where residential activity offsets commercial. However, within even the narrow scope of Italian renewable players, Falck is