NextEnergy Solar Fund (LON:NESF) Sets New 52-Week Low – What’s Next?

NextEnergy Solar Fund Limited (LON:NESF)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 48.80 and last traded at GBX 49.75, with a volume of 1769257 shares changing hands. The stock had previously closed at GBX 49.15.

NextEnergy Solar Fund Stock Up 1.2%

The firm has a fifty day moving average of GBX 52.48 and a 200-day moving average of GBX 62.97. The company has a quick ratio of 13.96, a current ratio of 25.38 and a debt-to-equity ratio of 34.68. The firm has a market cap of £286.16 million, a P/E ratio of -49.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund (LON:NESF) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX (2.06) earnings per share for the quarter. NextEnergy Solar Fund had a negative net margin of 408.61% and a negative return on equity of 2.33%. On average, equities research analysts anticipate that NextEnergy Solar Fund Limited will post 7.8159757 earnings per share for the current year.

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the main market of the London Stock Exchange and is a FTSE 250 constituent.

NextEnergy Solar Fund’s investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets. The majority of NESF’s long-term cash flows are inflation-linked via UK government subsidies.

As at 31 December 2024, the Company had an unaudited gross asset value of £1,071m.