NextEnergy Solar Fund (LON:NESF) Reaches New 1-Year Low – Here’s What Happened

NextEnergy Solar Fund Limited (LON:NESF)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 68.80 ($0.87) and last traded at GBX 69.19 ($0.88), with a volume of 1715373 shares changing hands. The stock had previously closed at GBX 69.96 ($0.89).

NextEnergy Solar Fund Stock Performance

The firm has a market cap of £408.79 million, a PE ratio of 862.33, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The company has a quick ratio of 13.96, a current ratio of 14.49 and a debt-to-equity ratio of 30.98. The business has a 50 day simple moving average of GBX 75.39 and a two-hundred day simple moving average of GBX 77.67.

NextEnergy Solar Fund Increases Dividend

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