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How to buy Tilt Renewables shares (TLT)

What you need to do to buy Tilt Renewables shares on the NZX.

tilt renewables logo

Tilt Renewables is a renewable energy generation company listed on both New Zealand’s Exchange (NZX) and the Australian Securities Exchange (ASX). If you’d like to buy Tilt Renewables shares (TLT) on the NZX, keep reading for step-by-step instructions that lead you through the process from start to finish.

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How to buy shares in Tilt Renewables on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Tilt Renewables. Find the stock by name or ticker symbol: TLT. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tilt Renewables reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Tilt Renewables, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Tilt Renewables. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Tilt Renewables overview and background

Tilt Renewables was established in October 2016 after a demerger from Trustpower Limited. As its name suggests, the company is focused on driving the shift towards renewable energy.

Tilt aims to become the leading developer and provider of renewable energy generation assets in both Australia and New Zealand. Its assets include more than a dozen wind farms (some of which are still being developed) throughout New Zealand and Australia, plus a handful of solar farms in Australia.

Tilt Renewables shares can be traded on both the NZX and ASX, and the company’s head office is located in Melbourne.

Performance and company results

In its interim report for the six-month period ended 30 September 2020, Tilt Renewables Limited announced the following key results:

  • EBITDAF of $31.8 million (down from $71.4 million in H1 FY20)
  • Profit after tax of $26.8 million (up from $11.9 million in H1 FY20)
  • Underlying earnings after tax of $20 million (up from $18.8 million in H1 FY200
  • Basic earnings of 6.32 cents per share

Key details

NameTilt Renewables LimitedIndustryUtilities-Renewable
Ticker symbolTLTISINNZTLTE0003S8
TypeOrdinary sharesDate listed on NZX28 Oct 2016
End of financial yearMarchChief executive officerDeion Campbell
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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