NextEnergy Solar Fund (LON:NESF) Hits New 1-Year Low - Here's What Happened

Key Points

• 52-week low: NextEnergy Solar Fund hit a new 52-week low, trading as low as GBX 53.60 and last at GBX 54.60 on volume of 2,310,971 shares, down about 1.4%.
• Key fundamentals show a market cap of £314.06 million and a negative P/E (-29.35), with a debt-to-equity ratio of 34.68 and 50-/200-day SMAs at GBX 61.48 and 68.05, signaling recent downward momentum.
• NextEnergy Solar Fund is a FTSE 250 specialist that invests in utility-scale solar and energy storage assets with the objective of delivering regular dividends to shareholders.

NextEnergy Solar Fund Limited (LON:NESF - ) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 53.60 and last traded at GBX 54.60, with a volume of 2310971 shares. The stock had previously closed at GBX 55.40.

NextEnergy Solar Fund Trading Down 1.4%

The company has a current ratio of 25.38, a quick ratio of 13.96 and a debt-to-equity ratio of 34.68. The company has a market cap of £314.06 million, a PE ratio of -29.35, a P/E/G ratio of 1.17 and a beta of 0.29. The company has a fifty day simple moving average of GBX 61.48 and a two-hundred day simple moving average of GBX 68.05.

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.

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