Guinness Sustainable Energy Fund on SPIE
Thesis
The fund owns SPIE as a European electrical-engineering and building-maintenance exposure. Its services in France and Germany connect the company to the renovation, electrification and efficiency of existing buildings. The managers expect higher power prices and tightening efficiency standards to support investment in this kind of work over the long term.
“a French electrical engineering company that provides services for building maintenance”
Key risks
- High interest rates can slow renovation activity
- European construction and industrial activity can weaken