NextEnergy Solar Fund (LON:NESF) Posts Quarterly Earnings Results

NextEnergy Solar Fund (LON:NESF) released its quarterly earnings data on Monday. The company reported GBX (10.61) EPS for the quarter, Digital Look Earnings reports. NextEnergy Solar Fund had a negative return on equity of 1.06% and a negative net margin of 19.62%.The business had revenue of GBX 1,033 million during the quarter.

NextEnergy Solar Fund Price Performance

Shares of LON NESF opened at GBX 46.38 on Monday. The company has a current ratio of 9.28, a quick ratio of 13.96 and a debt-to-equity ratio of 38.86. NextEnergy Solar Fund has a twelve month low of GBX 43 and a twelve month high of GBX 78.77. The business has a 50 day simple moving average of GBX 46.14 and a 200-day simple moving average of GBX 48.30. The company has a market capitalization of £266.75 million, a price-to-earnings ratio of -45.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued an “underperform” rating on shares of NextEnergy Solar Fund in a research note on Thursday, June 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

NextEnergy Solar Fund Company Profile

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.