Foresight Solar (LON:FSFL) Posts Earnings Results

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

Foresight Solar Price Performance

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

Wall Street Analysts Forecast Growth

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

About Foresight Solar

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.