NextEnergy Solar Fund (LON:NESF) Reaches New 52-Week Low – Here’s What Happened

NextEnergy Solar Fund Limited (LON:NESF)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 62 ($0.77) and last traded at GBX 62.55 ($0.78), with a volume of 2807531 shares. The stock had previously closed at GBX 64.70 ($0.81).

NextEnergy Solar Fund Stock Performance

The company has a market cap of £369.56 million, a PE ratio of 781.88, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The business has a fifty day simple moving average of GBX 69.45 and a two-hundred day simple moving average of GBX 76.21. 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 was paid on Monday, December 30th. Investors of record on Thursday, November 14th were given a dividend of GBX 2.11 ($0.03) per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from NextEnergy Solar Fund’s previous dividend of $2.10. This represents a yield of 2.91%. NextEnergy Solar Fund’s payout ratio is currently 10,000.00%.

Insiders Place Their Bets

In other news, insider Caroline Chan bought 39,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of GBX 66 ($0.82) per share, with a total value of £25,740 ($32,110.78). Also, insider Helen M. Mahy purchased 22,876 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of GBX 65 ($0.81) per share, for a total transaction of £14,869.40 ($18,549.65). 0.38% of the stock is owned by insiders.

About NextEnergy Solar Fund

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.