NextEnergy Solar Fund (LON:NESF) Sets New 12-Month Low – What’s Next?

NextEnergy Solar Fund Limited (LON:NESF) reached a new 52-week low on Monday . The stock traded as low as GBX 43.30 and last traded at GBX 43.95, with a volume of 2297572 shares traded. The stock had previously closed at GBX 44.65.

NextEnergy Solar Fund Trading Down 1.6%

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 stock has a market capitalization of £252.80 million, a price-to-earnings ratio of -43.51, a price-to-earnings-growth ratio of 1.17 and a beta of 0.46. The business has a 50 day simple moving average of GBX 49.59 and a 200-day simple moving average of GBX 53.89.

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.