Foresight Solar (LON:FSFL) Posts Earnings Results

Foresight Solar (LON:FSFL) announced its earnings results on Wednesday. The company reported GBX (0.54) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Foresight Solar had a negative net margin of 80.27% and a negative return on equity of 6.35%.

Foresight Solar Stock Performance

FSFL traded up GBX 0.10 during mid-day trading on Friday, reaching GBX 71. The stock had a trading volume of 1,236,596 shares, compared to its average volume of 1,566,179. The stock has a market capitalization of £386.86 million, a P/E ratio of -12.18 and a beta of 0.32. Foresight Solar has a 52 week low of GBX 59.60 and a 52 week high of GBX 81.30. The firm’s fifty day simple moving average is GBX 70.80 and its two-hundred day simple moving average is GBX 68.26.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Foresight Solar in a report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Foresight Solar Company Profile

Foresight Solar Fund Limited (“FSFL”) is a Jersey-registered, closed-end investment company investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally. The Company aims to deliver sustainable investment returns alongside strong environmental, social and governance (“ESG”) benefits.