Foresight Solar (LON:FSFL) Posts Quarterly Earnings Results

Foresight Solar (LON:FSFL) announced its quarterly earnings data on Wednesday. The company reported GBX (0.54) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Foresight Solar had a negative return on equity of 5.64% and a negative net margin of 112.38%.

Foresight Solar Price Performance

Foresight Solar stock traded up GBX 0.69 during midday trading on Wednesday, reaching GBX 71.19. The stock had a trading volume of 367,774 shares, compared to its average volume of 1,573,640. The firm has a market cap of £387.91 million, a price-to-earnings ratio of -12.21 and a beta of 0.32. The firm’s fifty day simple moving average is GBX 70.92 and its two-hundred day simple moving average is GBX 68.17. Foresight Solar has a twelve month low of GBX 59.60 and a twelve month high of GBX 81.30.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Foresight Solar in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Foresight Solar Company Profile

Foresight Solar Fund Limited (“FSFL”) is a Jersey-registered, closed-end investment company investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally. The Company aims to deliver sustainable investment returns alongside strong environmental, social and governance (“ESG”) benefits.