NextEnergy Solar Fund (LON:NESF) Shares Down 3.2% – Time to Sell?

NextEnergy Solar Fund Limited (LON:NESF)’s stock price fell 3.2% during trading on Monday . The stock traded as low as GBX 44.25 and last traded at GBX 44.35. 3,064,045 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 3,043,067 shares. The stock had previously closed at GBX 45.80.

NextEnergy Solar Fund Stock Performance

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 firm has a market cap of £264.59 million, a price-to-earnings ratio of -45.54, a PEG ratio of 1.17 and a beta of 0.46. The company has a 50 day moving average of GBX 47.61 and a 200 day moving average of GBX 51.65.

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.