NextEnergy Solar Fund (LON:NESF) Trading Down 0.6% - Here's Why

Key Points

• NextEnergy Solar Fund (LON:NESF) saw its stock price decline by 0.6%, trading at GBX 66.90 ($0.91) after previously closing at GBX 67.30.
• The company reported a negative net margin of 408.61% and a loss per share of GBX (1.86) in its latest quarterly earnings, indicating financial challenges.
• NextEnergy Solar Fund aims to provide shareholders with attractive risk-adjusted returns through investments in utility-scale solar energy and energy storage assets.

NextEnergy Solar Fund Limited (LON:NESF - Get Free Report)'s stock price was down 0.6% during trading on Tuesday . The company traded as low as GBX 66.80 ($0.90) and last traded at GBX 66.90 ($0.91). Approximately 1,185,344 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 2,001,931 shares. The stock had previously closed at GBX 67.30 ($0.91).

NextEnergy Solar Fund Price Performance

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 firm has a market capitalization of £384.81 million, a P/E ratio of -3,596.77, a P/E/G ratio of 1.17 and a beta of 0.29. The firm's 50 day simple moving average is GBX 72.88 and its two-hundred day simple moving average is GBX 70.34.

NextEnergy Solar Fund (LON:NESF - Get Free Report) last announced its quarterly earnings data on Monday, June 16th. The company reported GBX (1.86) earnings per share (EPS) for the quarter. NextEnergy Solar Fund had a negative net margin of 408.61% and a negative return on equity of 2.33%. As a group, analysts predict that NextEnergy Solar Fund Limited will post 7.8159757 earnings per share for the current year.

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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