NextEnergy Solar Fund (LON:NESF) Sets New 52-Week Low – Here’s Why

Shares of NextEnergy Solar Fund Limited (LON:NESF) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 49 and last traded at GBX 49, with a volume of 2048629 shares. The stock had previously closed at GBX 50.

NextEnergy Solar Fund Stock Down 2.0%

The stock has a fifty day moving average price of GBX 54.82 and a two-hundred day moving average price of GBX 64.47. The company has a market cap of £281.85 million, a price-to-earnings ratio of -26.34, a P/E/G ratio of 1.17 and a beta of 0.29. The company has a quick ratio of 13.96, a current ratio of 25.38 and a debt-to-equity ratio of 34.68.

NextEnergy Solar Fund (LON:NESF) last announced its earnings results on Wednesday, December 3rd. The company reported GBX (2.06) earnings per share (EPS) for the quarter. NextEnergy Solar Fund had a negative return on equity of 2.33% and a negative net margin of 408.61%. As a group, sell-side analysts expect that NextEnergy Solar Fund Limited will post 7.8159757 EPS 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.