NextEnergy Solar Fund (LON:NESF) Share Price Passes Below Fifty Day Moving Average – What’s Next?

NextEnergy Solar Fund Limited (LON:NESF) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 78.71 ($1.02) and traded as low as GBX 74.60 ($0.97). NextEnergy Solar Fund shares last traded at GBX 75 ($0.97), with a volume of 3,719,738 shares.

NextEnergy Solar Fund Price Performance

The company has a debt-to-equity ratio of 30.98, a quick ratio of 13.96 and a current ratio of 14.49. The stock has a market cap of £440.16 million, a PE ratio of 931.25, a PEG ratio of 1.17 and a beta of 0.29. The stock has a 50 day moving average of GBX 78.50 and a two-hundred day moving average of GBX 77.80.

NextEnergy Solar Fund Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, August 15th were issued a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 2.57%. This is a positive change from NextEnergy Solar Fund’s previous dividend of $2.09. NextEnergy Solar Fund’s payout ratio is currently 10,000.00%.

About NextEnergy Solar Fund

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.