Shares of NextEnergy Solar Fund Limited (LON:NESF – Get Free Report) dropped 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 traded hands 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 Price Performance
The company has a current ratio of 9.28, a quick ratio of 13.96 and a debt-to-equity ratio of 38.86. The business’s fifty day moving average is GBX 50.72 and its 200 day moving average is GBX 55.92. The company has a market cap of £282.30 million, a P/E ratio of -48.59, a PEG ratio of 1.17 and a beta of 0.46.
NextEnergy Solar Fund Company Profile
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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