NextEnergy Solar Fund (LON:NESF) Issues Earnings Results

NextEnergy Solar Fund (LON:NESF) released its quarterly earnings results on Monday. The company reported GBX (10.61) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The business had revenue of GBX 1,033 million during the quarter. NextEnergy Solar Fund had a negative return on equity of 1.06% and a negative net margin of 19.62%.

Here are the key takeaways from NextEnergy Solar Fund’s conference call:

• NESF said the year was challenging because a persistent discount to NAV weighed on the share price, prompting an unwelcome but, in management’s view, necessary change to the dividend policy.
• The portfolio outperformed budget, generating 844 GWh of electricity, while total income rose to GBP 141.3 million and EBITDA increased to GBP 104.5 million.
• NESF completed the initial capital recycling program, selling 245 MW of assets and raising about GBP 119 million, while also repaying roughly GBP 31 million of debt and reducing costs through lower fees and O&M savings.
• NAV fell to GBP 437.5 million, mainly due to lower long-term power price forecasts, changes to subsidy indexation, and a higher discount rate, despite strong operating performance.
• Management reiterated a strategic reset focused on deleveraging, disciplined capital allocation, and long-term value creation, including potential upside from repowering, battery storage, and asset-life extensions.

NextEnergy Solar Fund Stock Performance

Shares of LON NESF opened at GBX 45.02 on Wednesday. NextEnergy Solar Fund has a 1 year low of GBX 43 and a 1 year high of GBX 78.77. The firm has a market cap of £258.96 million, a P/E ratio of -44.57, a PEG ratio of 1.17 and a beta of 0.34. The stock has a fifty day moving average price of GBX 46.12 and a two-hundred day moving average price of GBX 48.17. The company has a debt-to-equity ratio of 38.86, a quick ratio of 13.96 and a current ratio of 9.28.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated an “underperform” rating on shares of NextEnergy Solar Fund in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

NextEnergy Solar Fund Company Profile

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.

NextEnergy Solar Fund’s investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, in the form of regular dividends and total return, 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.

On 11 March 2026, NextEnergy Solar Fund (NESF) announced a roadmap to give shareholders both total returns and attractive income with long-term visibility.