NextEnergy Solar Fund (LON:NESF) Stock Price Down 10.1% – Here’s What Happened

NextEnergy Solar Fund Limited (LON:NESFGet Free Report)’s stock price was down 10.1% during mid-day trading on Wednesday . The stock traded as low as GBX 45.21 and last traded at GBX 49.08. Approximately 16,609,563 shares were traded during trading, an increase of 444% from the average daily volume of 3,052,015 shares. The stock had previously closed at GBX 54.60.

NextEnergy Solar Fund Stock Performance

The company has a quick ratio of 13.96, a current ratio of 9.28 and a debt-to-equity ratio of 38.86. The company has a market capitalization of £269.05 million, a PE ratio of -46.31, a PEG ratio of 1.17 and a beta of 0.46. The business has a 50 day simple moving average of GBX 50.57 and a 200 day simple moving average of GBX 55.79.

NextEnergy Solar Fund Company Profile

(Get Free Report)

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.

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