NextEnergy Solar Fund (LON:NESF) Shares Cross Below 50 Day Moving Average - Here's What Happened

Key Points

• Shares of NextEnergy Solar Fund (LON:NESF) slipped below its 50-day moving average (GBX 47.06), trading as low as GBX 45.60 and last at GBX 47.70 on a volume of 1,522,302 shares.
• The fund's market capitalization is £275.42m versus an unaudited gross asset value of £1,071m as of 31 Dec 2024, implying a steep discount to NAV.
• NextEnergy is a FTSE 250 specialist in utility-scale solar and energy storage focused on dividend income with largely inflation-linked cash flows; reported metrics include a negative P/E (-47.41) and a debt-to-equity ratio of 38.86.

NextEnergy Solar Fund Limited (LON:NESF - )'s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 47.06 and traded as low as GBX 45.60. NextEnergy Solar Fund shares last traded at GBX 47.70, with a volume of 1,522,302 shares trading hands.

NextEnergy Solar Fund Stock Up 0.4%

The stock has a 50 day moving average price of GBX 47.06 and a 200-day moving average price of GBX 51.12. The stock has a market capitalization of £275.42 million, a P/E ratio of -47.41, a PEG ratio of 1.17 and a beta of 0.46. The company has a debt-to-equity ratio of 38.86, a current ratio of 9.28 and a quick ratio of 13.96.

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. The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies. As at 31 December 2024, the Company had an unaudited gross asset value of £1,071m.

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