NextEnergy Solar Fund’s (NESF) Underperform Rating Reaffirmed at Jefferies Financial Group

NextEnergy Solar Fund (LON:NESF)‘s stock had its “underperform” rating reaffirmed by Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports.

NextEnergy Solar Fund Price Performance

NextEnergy Solar Fund stock opened at GBX 47.08 on Thursday. NextEnergy Solar Fund has a 52 week low of GBX 43 and a 52 week high of GBX 78.77. The business has a 50-day simple moving average of GBX 45.56 and a 200 day simple moving average of GBX 48.73. 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 stock has a market cap of £270.81 million, a price-to-earnings ratio of -46.61, a PEG ratio of 1.17 and a beta of 0.31.

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.