NextEnergy Solar Fund (LON:NESF) Trading 0.1% Higher

Posted by MarketBeat News on Sep 9th, 2023

NextEnergy Solar Fund Limited (LON:NESF – Get Free Report)’s share price traded up 0.1% during trading on Thursday . The company traded as high as GBX 86.70 ($1.09) and last traded at GBX 86 ($1.09). 503,755 shares changed hands during trading, a decline of 52% from the average session volume of 1,047,536 shares. The stock had previously closed at GBX 85.90 ($1.08).

NextEnergy Solar Fund Stock Up 0.6 %

The business has a fifty day simple moving average of GBX 91.38 and a 200 day simple moving average of GBX 99.84. The firm has a market cap of £511.75 million, a price-to-earnings ratio of 394.09, a PEG ratio of 1.17 and a beta of 0.19. The company has a debt-to-equity ratio of 27.34, a current ratio of 13.98 and a quick ratio of 13.96.

NextEnergy Solar Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 17th will be issued a GBX 2.08 ($0.03) dividend. This represents a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from NextEnergy Solar Fund’s previous dividend of $1.88. NextEnergy Solar Fund’s dividend payout ratio (DPR) is currently 3,636.36%.

Insider Activity at NextEnergy Solar Fund

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In other NextEnergy Solar Fund news, insider Kevin Lyon bought 25,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was bought at an average price of GBX 102 ($1.29) per share, with a total value of £25,500 ($32,205.10). Insiders own 0.37% of the company’s stock.

NextEnergy Solar Fund Company Profile

(Get Free Report)

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.