NextEnergy Solar Fund (LON:NESF) Stock Price Down 0.5% – Here’s Why

NextEnergy Solar Fund Limited (LON:NESF) shares were down 0.5% during trading on Wednesday . The stock traded as low as GBX 65.90 ($0.83) and last traded at GBX 66.10 ($0.83). Approximately 1,554,089 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 2,253,528 shares. The stock had previously closed at GBX 66.40 ($0.84).

NextEnergy Solar Fund Stock Performance

The stock has a 50-day moving average of GBX 65.26 and a 200 day moving average of GBX 73.06. The company has a debt-to-equity ratio of 34.68, a quick ratio of 13.96 and a current ratio of 25.38. The firm has a market capitalization of £384.24 million, a P/E ratio of -28.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund (LON:NESF) last released its quarterly earnings results on Thursday, November 21st. The company reported GBX (2.91) (($0.04)) EPS for the quarter. NextEnergy Solar Fund had a negative net margin of 408.61% and a negative return on equity of 2.33%. On average, research analysts anticipate that NextEnergy Solar Fund Limited will post 7.8159757 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Helen M. Mahy acquired 22,876 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of GBX 65 ($0.82) per share, for a total transaction of £14,869.40 ($18,710.71). Also, insider Caroline Chan acquired 39,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of GBX 66 ($0.83) per share, for a total transaction of £25,740 ($32,389.58). Company insiders own 0.38% of the company’s stock.

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 and is a FTSE 250 constituent.

NextEnergy Solar Fund’s investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets.