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

NextEnergy Solar Fund Limited (LON:NESF) reached a new 52-week low on Wednesday . The company traded as low as GBX 62 ($0.77) and last traded at GBX 62.55 ($0.78), with a volume of 2807531 shares traded. The stock had previously closed at GBX 64.70 ($0.81).

NextEnergy Solar Fund Price Performance

The firm has a 50-day moving average of GBX 69.45 and a 200-day moving average of GBX 76.21. The stock has a market cap of £369.56 million, a PE ratio of 781.88, a PEG 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.

NextEnergy Solar Fund Increases Dividend

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

Insider Buying and Selling at NextEnergy Solar Fund

In other NextEnergy Solar Fund news, insider Helen M. Mahy acquired 22,876 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of GBX 65 ($0.81) per share, with a total value of £14,869.40 ($18,549.65). Also, insider Caroline Chan acquired 39,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of GBX 66 ($0.82) per share, for a total transaction of £25,740 ($32,110.78). 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.