Ecotricity buys 6.8% stake in Good Energy

Green energy supplier Ecotricity bought shares in one of its rival firms in March this year. It acquired 6.82% of Good Energy’s shares. The transaction made it the second largest shareholder […]

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By Jacqueline Echevarria

Green energy supplier Ecotricity bought shares in one of its rival firms in March this year.

It acquired 6.82% of Good Energy’s shares.

The transaction made it the second largest shareholder in Good Energy.

In a statement, Good Energy said: “Good Energy Group is rated as a ‘buy’ by the four analysts that follow Good Energy – Cantor Fitzgerald, Investec, Alpha Deal Group and Arden – so it doesn’t surprise us that investors are buying shares.  Ecotricity has had a shareholding in Good Energy on previous occasions.”

Earlier this month, Good Energy announced it will offer more shares to the public as part of its efforts to grow.