Daily Stock Market Report (Mon 16th February 2026) - PEB, HTG, BKS, PINE, TRIG

Good morning and welcome to today's report. 
Today is Presidents' Day in the US, so American markets will be closed and there will be no news from US companies. 
That's all for today - thanks for reading, we'll be back in the morning!

Spreadsheet accompanying this report: link.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)Renewables Infrastructure (LON:TRIG) (£1.65bn | SR87)NAV, dividend amp; portfolio update - Q4 2025NAVps fell by 5.7p to 104p per share during Q4, due to factors including a reduction in revenue forecasts and lower power prices and outages in Sweden. 2025 dividend target of 7.55p has been met with net cash cover of 1.0xAMBER = (Roland - I hold)I’m staying neutral ahead of Friday’s results, as I don’t believe today’s (mildly negative) update contains sufficient new information to justify a change of view.Fundamentally, I think TRIG still has a decent quality portfolio, but wind operators are facing more difficult macro conditions and the capital structure (developed in an era of falling interest rates and rising subsidies) continues to look somewhat challenged to me. However, with the stock at a 35% discount to NAV, I think the valuation reflects many of these risks. I’m...