NextEnergy Solar Fund (LON:NESF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of NextEnergy Solar Fund Limited (LON:NESF) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 46.51 and traded as low as GBX 45.55. NextEnergy Solar Fund shares last traded at GBX 45.60, with a volume of 2,482,321 shares trading hands.

NextEnergy Solar Fund Stock Down 3.6%

The company’s 50-day moving average is GBX 46.51 and its 200 day moving average is GBX 50.28. The company has a market capitalization of £252.89 million, a PE ratio of -43.53, a P/E/G ratio of 1.17 and a beta of 0.31. The company has a debt-to-equity ratio of 38.86, a quick ratio of 13.96 and a current ratio of 9.28.

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.