NextEnergy Solar Fund (LON:NESF) Shares Down 1.7% – Here’s Why

NextEnergy Solar Fund Limited (LON:NESF)’s stock price traded down 1.7% on Wednesday . The company traded as low as GBX 62.90 ($0.78) and last traded at GBX 62.90 ($0.78). 1,887,991 shares traded hands during trading, a decline of 27% from the average session volume of 2,602,160 shares. The stock had previously closed at GBX 64 ($0.80).

NextEnergy Solar Fund Stock Performance

The firm has a market capitalization of £371.63 million, a P/E ratio of 786.25, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The company has a current ratio of 14.49, a quick ratio of 13.96 and a debt-to-equity ratio of 30.98. The business’s 50 day simple moving average is GBX 66.16 and its two-hundred day simple moving average is GBX 74.64.

NextEnergy Solar Fund (LON:NESF) last released its quarterly earnings data on Thursday, November 21st. The company reported GBX (2.91) (($0.04)) earnings per share for the quarter. Sell-side analysts anticipate that NextEnergy Solar Fund Limited will post 7.8159757 EPS for the current fiscal year.

NextEnergy Solar Fund Increases Dividend

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

Insider Transactions at NextEnergy Solar Fund

In other news, insider Helen M. Mahy purchased 22,876 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 65 ($0.81) per share, with a total value of £14,869.40 ($18,512.70). Also, insider Caroline Chan purchased 39,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 66 ($0.82) per share, for a total transaction of £25,740 ($32,046.81). Company insiders own 0.38% of the company’s stock.

About NextEnergy Solar Fund

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.