NextEnergy Solar Fund (LON:NESF) Hits New 52-Week Low - Should You Sell?

Key Points

• NextEnergy Solar Fund shares reached a new 52-week low of GBX 59.40 ($0.80) during trading, closing slightly higher at GBX 61 ($0.82).
• The company has a market capitalization of £350.85 million and a notably high P/E ratio of -3,279.41.
• NextEnergy Solar Fund focuses on investing in a diversified portfolio of utility-scale solar energy and energy storage assets to provide regular dividends to shareholders.

Shares of NextEnergy Solar Fund Limited (LON:NESF - ) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 59.40 ($0.80) and last traded at GBX 61 ($0.82), with a volume of 1566518 shares trading hands. The stock had previously closed at GBX 61.60 ($0.83).

NextEnergy Solar Fund Price Performance

The company has a quick ratio of 13.96, a current ratio of 25.38 and a debt-to-equity ratio of 34.68. The company has a market capitalization of £350.85 million, a P/E ratio of -3,279.41, a PEG ratio of 1.17 and a beta of 0.29. The business has a 50 day simple moving average of GBX 66.50 and a 200-day simple moving average of GBX 69.42.

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.

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