SDCL Energy Efficiency Income Trust (LON:SEIT) Trading Up 4.8% - Still a Buy?

SDCL Energy Efficiency Income Trust Plc (LON:SEIT - Get Free Report)'s share price shot up 4.8% during mid-day trading on Tuesday . The company traded as high as GBX 48.65 ($0.66) and last traded at GBX 47.60 ($0.65). 15,918,274 shares traded hands during mid-day trading, an increase of 309% from the average session volume of 3,894,959 shares. The stock had previously closed at GBX 45.40 ($0.62).

SDCL Energy Efficiency Income Trust Trading Up 3.4%

The company has a market cap of £537.36 million, a P/E ratio of -9.49 and a beta of 0.48. The stock's 50 day moving average is GBX 45.84 and its 200-day moving average is GBX 49.56.

SDCL Energy Efficiency Income Trust Company Profile

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.