NextEnergy Solar Fund (LON:NESF) Hits New 1-Year Low – Here’s Why

NextEnergy Solar Fund Limited (LON:NESF) shares reached a new 52-week low on Monday . The stock traded as low as GBX 70.20 ($0.88) and last traded at GBX 70.20 ($0.88), with a volume of 4204152 shares changing hands. The stock had previously closed at GBX 72.42 ($0.91).

NextEnergy Solar Fund Price Performance

The firm has a market cap of £414.76 million, a PE ratio of 903.75, a P/E/G ratio of 1.17 and a beta of 0.29. The company has a debt-to-equity ratio of 30.98, a current ratio of 14.49 and a quick ratio of 13.96. The business’s fifty day moving average is GBX 77.19 and its 200-day moving average is GBX 77.99.

NextEnergy Solar Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, November 14th will be issued a GBX 2.11 ($0.03) dividend. This represents a dividend yield of 2.91%. The ex-dividend date is Thursday, November 14th. This is a boost from NextEnergy Solar Fund’s previous dividend of $2.10. NextEnergy Solar Fund’s payout ratio is 10,000.00%.

NextEnergy Solar Fund Company Profile

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.