Independent research. Uncommon companies.

The capital behind SDCL’s dividend

A £40m capital receipt helped cover the fund’s payout. Its filings show why cash cover and repeatable income need separate scrutiny.

Energy3 min read

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Electrical equipment and insulators at a power substation
Under the surface

Follow the money.

The life of an order, in three questions.

Illustrative research lens

Choose a stage to look closer

01 / The commitment

How firm is a full order book?

Start with cancellation terms. What has the customer committed to, and what can still change before delivery?

Explore the example guide
Electrical equipment at a power substation

When solar tariffs run out

A forecast for 7C’s existing solar fleet shows the earnings it needs to replace as older support expires.

Energy3 min read

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