NextEnergy Solar Fund (LON:NESF) Trading Down 2.6% - Should You Sell?

Key Points

• The NextEnergy Solar Fund (LON:NESF) saw its stock price decrease by 2.6%, trading at GBX 60.30 ($0.81) after a low of GBX 59.50 ($0.80) on Tuesday.
• The fund, with a market cap of £346.82 million, invests in utility-scale solar energy and energy storage infrastructure and aims to provide attractive risk-adjusted returns primarily through dividends.
• Trading volume increased by 41% to 2,838,415 shares compared to its average, indicating heightened investor activity amid the price drop.

NextEnergy Solar Fund Limited (LON:NESF - )'s stock price traded down 2.6% on Tuesday . The stock traded as low as GBX 59.50 ($0.80) and last traded at GBX 60.30 ($0.81). 2,838,415 shares were traded during trading, an increase of 41% from the average session volume of 2,007,158 shares. The stock had previously closed at GBX 61.90 ($0.83).

NextEnergy Solar Fund Stock Performance

The company has a current ratio of 25.38, a quick ratio of 13.96 and a debt-to-equity ratio of 34.68. The company's 50-day moving average price is GBX 65.57 and its two-hundred day moving average price is GBX 69.27. The company has a market cap of £346.82 million, a P/E ratio of -32.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29.

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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