SDCL Energy Efficiency Income Trust (LON:SEIT) Trading 0.4% Higher – Here’s Why

SDCL Energy Efficiency Income Trust Plc (LON:SEIT)’s stock price shot up 0.4% during trading on Friday . The stock traded as high as GBX 39 and last traded at GBX 38.75. 3,737,345 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 4,692,320 shares. The stock had previously closed at GBX 38.60.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “restricted” rating on shares of SDCL Energy Efficiency Income Trust in a research report on Friday, June 26th.

SDCL Energy Efficiency Income Trust Trading Up 0.4%

The stock has a market cap of £420.60 million, a PE ratio of -4.78 and a beta of 0.82. The firm has a fifty day simple moving average of GBX 38.89 and a two-hundred day simple moving average of GBX 43.27.

SDCL Energy Efficiency Income Trust (LON:SEIT) last announced its earnings results on Thursday, June 25th. The company reported GBX (8.10) earnings per share for the quarter. SDCL Energy Efficiency Income Trust had a net margin of 192.94% and a negative return on equity of 9.74%. The company had revenue of GBX (7,650) million during the quarter.

About SDCL Energy Efficiency Income Trust

“SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 per cent.