NextEnergy Solar Fund (LON:NESF) Sets New 12-Month High at $117.60

Shares of NextEnergy Solar Fund Limited (LON:NESFGet Rating) hit a new 52-week high on Thursday . The company traded as high as GBX 117.60 ($1.44) and last traded at GBX 117.40 ($1.44), with a volume of 171467 shares traded. The stock had previously closed at GBX 114.80 ($1.41).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 130 ($1.59) price objective on shares of NextEnergy Solar Fund in a research report on Tuesday, July 5th.

NextEnergy Solar Fund Trading Up 0.9 %

The stock has a market capitalization of £689.54 million and a P/E ratio of 688.24. The stock has a 50-day moving average price of GBX 110.11 and a two-hundred day moving average price of GBX 106.78. The company has a debt-to-equity ratio of 29.63, a quick ratio of 3.05 and a current ratio of 3.05.

NextEnergy Solar Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, May 19th were given a GBX 1.79 ($0.02) dividend. The ex-dividend date was Thursday, May 19th. This represents a dividend yield of 1.57%. NextEnergy Solar Fund’s dividend payout ratio is currently 41.96%.

About NextEnergy Solar Fund

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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.

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