SDCL Energy Efficiency Income Trust (LON:SEIT) Stock Price Up 0.1% - Still a Buy?

SDCL Energy Efficiency Income Trust Plc (LON:SEIT - Get Free Report)'s stock price rose 0.1% during mid-day trading on Friday . The stock traded as high as GBX 47.20 ($0.63) and last traded at GBX 47 ($0.63). Approximately 2,009,402 shares changed hands during trading, a decline of 39% from the average daily volume of 3,287,987 shares. The stock had previously closed at GBX 46.95 ($0.63).

SDCL Energy Efficiency Income Trust Stock Performance

The stock has a market capitalization of £515.68 million, a price-to-earnings ratio of -9.11 and a beta of 0.48. The business has a 50-day moving average of GBX 47.49 and a 200-day moving average of GBX 52.04.

About SDCL Energy Efficiency Income Trust

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States. The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy. The Company is targeting an attractive total return for shareholders of 7-8 per cent.