Foresight Solar (LON:FSFL) Shares Pass Below 200 Day Moving Average - Here's Why

Key Points

• Technical breach: Foresight Solar shares crossed below their 200‑day moving average (GBX 66.49), trading as low as GBX 63.10 and last at GBX 64.50 on volume of 3,052,172.
• Weak recent results: The company reported quarterly EPS of GBX (5.83) and has a negative ROE (-5.64%) and net margin (-112.38%) with a P/E of -11.06, although analysts forecast EPS of about 2.07 for the current fiscal year.
• Company profile: FSFL is a Jersey‑registered, closed‑end investment company focused on ground‑based solar PV and battery storage assets in the UK and internationally, with a market cap of £352.94 million.

Foresight Solar (LON:FSFL - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 66.49 and traded as low as GBX 63.10. Foresight Solar shares last traded at GBX 64.50, with a volume of 3,052,172 shares.

Foresight Solar Stock Performance

The stock's 50-day moving average is GBX 63.47 and its 200-day moving average is GBX 66.49. The stock has a market cap of £352.94 million, a price-to-earnings ratio of -11.06 and a beta of 0.29.

Foresight Solar (LON:FSFL - Get Free Report) last posted its earnings results on Tuesday, March 24th. The company reported GBX (5.83) earnings per share (EPS) for the quarter. Foresight Solar had a negative return on equity of 5.64% and a negative net margin of 112.38%. On average, equities analysts predict that Foresight Solar will post 2.0674521 earnings per share for the current fiscal year.

Foresight Solar Company Profile

Foresight Solar Fund Limited (“FSFL”) is a Jersey-registered, closed-end investment company investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally. The Company aims to deliver sustainable investment returns alongside strong environmental, social and governance (“ESG”) benefits.

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