NextEnergy Solar Fund (LON:NESF) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of NextEnergy Solar Fund Limited (LON:NESFGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 45.49 and traded as low as GBX 44.60. NextEnergy Solar Fund shares last traded at GBX 44.90, with a volume of 542,610 shares.

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 50-day simple moving average is GBX 45.47 and its 200 day simple moving average is GBX 49.51. The company has a market capitalization of £254.10 million, a P/E ratio of -43.74, a P/E/G ratio of 1.17 and a beta of 0.31.

About NextEnergy Solar Fund

(Get Free Report)

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.

Read More

Receive News & Ratings for NextEnergy Solar Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEnergy Solar Fund and related companies with MarketBeat.com's FREE daily email newsletter.