• Our Services
  • Media
    • News
    • Blog
    • Videos
    • Our CORE
    • Awards & Recognition
    • Events
  • About Us
    • Meet the team
    • Awards & Recognition
    • Employee Ownership
    • Castlefield Charitable Fund (CCF)
    • Corporate Sustainability & Net Zero
  • Contact Us
  • Existing Clients

Castlefield

Main menu

  • Our Services
  • Media
    • News
    • Blog
    • Videos
    • Our CORE
    • Awards & Recognition
    • Events

    Media

    Stay up to date with all the latest Castlefield company news, blogs, events and videos. Our CORE includes an internal perspective on the Castlefield culture and insights from Co-owners.

    If you think you’re on the wrong profile you can choose other options

  • About Us
    • Meet the team
    • Awards & Recognition
    • Employee Ownership
    • Castlefield Charitable Fund (CCF)
    • Corporate Sustainability & Net Zero

    About Us

    We're Castlefield, an investment management and financial planning business with a reputation for being at the forefront of ethical investing.

    If you think you’re on the wrong profile you can choose other options

  • Contact Us
  • Existing Clients
  • Open Search
  • Menu

Castlefield AIM Stock Story - Good Energy

By David Gorman

  • Share
  • July 18/07/2024, 12:00 AM

For this featured stock, Castlefield Investment Analyst David Gorman introduces Good Energy - the utility supplier specialising in the provision of carbon free electricity and gas - held in our AIM portfolios.

No doubt clients will have personal experience of the volatility of the energy supply market over the last few years, both as bill-payers and as consumers of goods and services affected by higher gas and electricity prices.

You may also have been with an energy provider which no longer exists. One of the survivors of this serious shakedown of energy providers is Good Energy, whose shares we hold in our AIM portfolios. The company aligns with our Resource Efficiency category of investments.

Good Energy is a utility supplier specialising in the provision of carbon free electricity and gas to UK customers, both business and residential. It is also involved in decentralized energy, e-mobility and in energy services. We have been shareholders in Good Energy for several years, as part of our commitment to supporting businesses which are at the forefront of the energy transition.

Good Energy helps over one million customers cut carbon emissions

The company continues to evolve and has undergone a transformation in the last year or so from renewable supplier to services provider. This is demonstrated by three acquisitions of installation companies across the south of England which supply and fit solar panels, energy storage and heat pumps. This means that Good Energy customers can now obtain energy but also generate electricity for their own use or to export it back into the grid and the company now claims that it helps over one million customers cut carbon emissions.

In an industry with a poor reputation for customer service, Good Energy scores well, winning several consumer awards. It also has the London Stock Exchange’s “Green Economy Mark.”

Good Energy is also a major shareholder in ZapMap, a market leading phone app which enables users to locate charging points for their electric vehicles, plan long trips and to pay for the energy they use. The app has around 330,000 monthly active users, a number which is growing all the time.

Unsurprisingly, the Good Energy share price has been volatile in the last three years, reflecting the unpredictable nature of energy markets, especially since the start of the war in Ukraine.

Nevertheless, the company is in excellent financial shape and the strength of its balance sheet combined with skill of senior management helped it emerge from a challenging period in good heart and ready for the future.

Written by David Gorman

 

The information and opinions contained in the article do not constitute advice or a recommendation nor an offer to buy or sell any security or other financial instrument. With investment, capital is at risk.

About

  • Meet the team
  • Document Library
  • Media
  • Privacy Notice
  • Cookie policy
  • Awards & Recognition
  • Affiliations & Memberships
  • Corporate Sustainability & Net Zero
  • Legal & Regulatory

Funds

  • Glossary Page

Services

  • Helpful links and support
  • Existing Clients
  • Complaints Procedure
  • Terms and Conditions
  • Fraud and Scam Alert

I am a...

Castlefield
Copyright © 2024 Castlefield. All rights reserved. Castlefield Investment Partners LLP (CIP) is authorised and regulated by the Financial Conduct Authority (FCA) No. 432488. Registered in England and Wales No. OC302833. Castlefield is a trading name, registered trademark and the property of Castlefield Partners Limited (CPL). Registered in England and Wales No. 06942320. Registered Office for CIP & CPL is 111 Piccadilly, Manchester, M1 2HY, United Kingdom. Part of the Castlefield employee-owned group. Member of the Employee Ownership Association.
  • DC Committed Wht Trans
  • RS16092 CFAB Age Friendly Employer Pledge Outline White RGB
  • Proudly Employee Owned Inverse
 
Loading...

Nearly there...

It looks like you've landed on one of our pages without choosing your user profile. Please select one of the options below to continue.