NextEnergy Solar Fund - NESF Share Forecast, Price & News

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial. It invests in solar power plants. The fund may also acquire selected building-integrated installations. It invests in electric power by solar energy and independent power producers and energy traders. It seeks to invest in the United Kingdom. It will typically seek to acquire sole ownership, but may enter into joint ventures or acquire majority interests. Where an interest of less than 100 percent in a particular asset is acquired, the fund intends to secure controlling shareholder rights through shareholders' agreements or other legal arrangements. The fund will not invest more than 30 percent of the gross asset value in any one project. In case of under developed assets it will not invest more than 10 per cent of the gross asset value. It may invest by way of equity or a mix of equity and shareholder loans.

NextEnergy Solar Fund Price Performance

Shares of LON:NESF traded down GBX 0.20 ($0.00) during midday trading on Friday, hitting GBX 118 ($1.43). The stock had a trading volume of 1,110,483 shares, compared to its average volume of 1,563,230. The company has a market capitalization of £695.43 million and a PE ratio of 694.12. The stock has a 50 day simple moving average of GBX 111.14 and a 200-day simple moving average of GBX 107.40. NextEnergy Solar Fund has a 1 year low of GBX 97.60 ($1.18) and a 1 year high of GBX 119.80 ($1.45). The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 29.63.

NextEnergy Solar Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, August 18th will be given a GBX 1.88 ($0.02) dividend. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, August 18th. This is an increase from NextEnergy Solar Fund's previous dividend of $1.79. NextEnergy Solar Fund's dividend payout ratio (DPR) is 41.96%.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated an "outperform" rating and set a GBX 130 ($1.57) price target on shares of NextEnergy Solar Fund in a research report on Tuesday, July 5th.