NextEnergy Solar Fund (LON:NESF) Sets New 12-Month Low – Here’s Why

Shares of NextEnergy Solar Fund Limited (LON:NESFGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 43.16 and last traded at GBX 47.33, with a volume of 20505127 shares traded. The stock had previously closed at GBX 45.30.

NextEnergy Solar Fund Trading Down 5.7%

The stock has a market cap of £256.83 million, a P/E ratio of -44.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.46. The stock’s 50-day moving average is GBX 50.46 and its two-hundred day moving average is GBX 55.61. The company has a debt-to-equity ratio of 38.86, a current ratio of 9.28 and a quick ratio of 13.96.

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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