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NextEnergy Solar Fund (LON:NESF) Reaches New 1-Year Low - Time to Sell?

NextEnergy Solar Fund logo with Financial Services background

Key Points

  • NextEnergy Solar Fund shares have reached a new 52-week low, trading at GBX 60.35 ($0.81) before closing at GBX 60.58 ($0.82).
  • The company's current market cap stands at £348.43 million, with a significantly high PE ratio of -3,256.72, indicating potential struggles in profitability.
  • NextEnergy Solar Fund focuses on investing in utility-scale solar energy and energy storage infrastructure to provide attractive risk-adjusted returns for shareholders.
  • MarketBeat previews the top five stocks to own by November 1st.

NextEnergy Solar Fund Limited (LON:NESF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 60.35 ($0.81) and last traded at GBX 60.58 ($0.82), with a volume of 3952844 shares. The stock had previously closed at GBX 61.80 ($0.83).

NextEnergy Solar Fund Trading Down 2.0%

The stock has a market cap of £348.43 million, a PE ratio of -3,256.72, a PEG ratio of 1.17 and a beta of 0.29. The company has a debt-to-equity ratio of 34.68, a current ratio of 25.38 and a quick ratio of 13.96. The company's fifty day moving average is GBX 68.87 and its 200-day moving average is GBX 69.83.

NextEnergy Solar Fund Company Profile

(Get Free Report)

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.

Further Reading

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