Bluefield Solar Income Fund (LON:BSIF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Bluefield Solar Income Fund (LON:BSIF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 82.97 and traded as high as GBX 91.50. Bluefield Solar Income Fund shares last traded at GBX 91.40, with a volume of 6,524,864 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Bluefield Solar Income Fund in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 95.

Bluefield Solar Income Fund Stock Up 0.1%

The stock’s 50-day moving average price is GBX 83.17 and its 200 day moving average price is GBX 76.83. The firm has a market capitalization of £541.75 million, a price-to-earnings ratio of -9.83 and a beta of 0.11.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund (BSIF) is an investment company focused on the acquisition and long-term management of a diversified portfolio of low carbon assets in the UK, with a primary focus on solar assets. The fund’s initial public offering (IPO) was in July 2013, making it the first investment company focused on solar PV to be listed on the London Stock Exchange (LSE). The investment objective of the fund is to deliver long term, attractive yield via the payment of quarterly dividends.

The fund primarily targets utility scale solar assets and portfolios on greenfield, industrial and/or commercial sites.