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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
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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.
  • Interested in NextEnergy Solar Fund? Here are five stocks we like better.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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