NextEnergy Solar Fund (LON:NESF) Reaches New 1-Year Low – Time to Sell?

by · The Markets Daily

NextEnergy Solar Fund Limited (LON:NESF – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 64.13 ($0.80) and last traded at GBX 64.90 ($0.81), with a volume of 3440748 shares trading hands. The stock had previously closed at GBX 64.30 ($0.80).

NextEnergy Solar Fund Price Performance

The firm has a market capitalization of £381.08 million, a P/E ratio of 806.25, a P/E/G ratio of 1.17 and a beta of 0.29. The stock’s fifty day simple moving average is GBX 72.46 and its 200 day simple moving average is GBX 76.86. The company has a debt-to-equity ratio of 30.98, a current ratio of 14.49 and a quick ratio of 13.96.

NextEnergy Solar Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, November 14th will be paid a dividend of GBX 2.11 ($0.03) per share. This represents a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from NextEnergy Solar Fund’s previous dividend of $2.10. NextEnergy Solar Fund’s payout ratio is 10,000.00%.

Insider Activity at NextEnergy Solar Fund

In related news, insider Caroline Chan bought 39,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of GBX 66 ($0.82) per share, for a total transaction of £25,740 ($32,170.98). Also, insider Helen M. Mahy purchased 22,876 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of GBX 65 ($0.81) per share, for a total transaction of £14,869.40 ($18,584.43). 0.38% of the stock is currently owned by corporate insiders.

About NextEnergy Solar Fund

(Get Free Report)

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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