NextEnergy Solar Fund (LON:NESF) Hits New 1-Year Low – What’s Next?

NextEnergy Solar Fund Limited (LON:NESF)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 68.80 ($0.87) and last traded at GBX 69.19 ($0.88), with a volume of 1715373 shares. The stock had previously closed at GBX 69.96 ($0.89).

NextEnergy Solar Fund Stock Performance

The firm’s fifty day simple moving average is GBX 75.39 and its 200 day simple moving average is GBX 77.67. The company has a market capitalization of £408.79 million, a PE ratio of 862.33, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. 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 firm also recently announced a dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, November 14th will be given a dividend of GBX 2.11 ($0.03) per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from NextEnergy Solar Fund’s previous dividend of $2.10. This represents a dividend yield of 2.91%. NextEnergy Solar Fund’s dividend payout ratio (DPR) is 10,000.00%.

NextEnergy Solar Fund Company Profile

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.