NextEnergy Solar Fund (LON:NESF) Shares Down 1.7% – Here’s Why

Shares of NextEnergy Solar Fund Limited (LON:NESF) dropped 1.7% on Wednesday . The company traded as low as GBX 62.90 ($0.78) and last traded at GBX 62.90 ($0.78). Approximately 1,887,991 shares changed hands during trading, a decline of 27% from the average daily volume of 2,602,160 shares. The stock had previously closed at GBX 64 ($0.80).

NextEnergy Solar Fund Price Performance

The company has a debt-to-equity ratio of 30.98, a current ratio of 14.49 and a quick ratio of 13.96. The firm has a market cap of £371.63 million, a P/E ratio of 786.25, a PEG ratio of 1.17 and a beta of 0.29. The stock’s 50-day simple moving average is GBX 66.16 and its two-hundred day simple moving average is GBX 74.64.

NextEnergy Solar Fund (LON:NESF) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX (2.91) (($0.04)) earnings per share for the quarter. Equities research analysts forecast that NextEnergy Solar Fund Limited will post 7.8159757 earnings per share for the current fiscal year.

NextEnergy Solar Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, November 14th were given a dividend of GBX 2.11 ($0.03) per share. This is a boost from NextEnergy Solar Fund’s previous dividend of $2.10. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 2.91%. NextEnergy Solar Fund’s payout ratio is 10,000.00%.

Insider Transactions at NextEnergy Solar Fund

In related news, insider Helen M. Mahy purchased 22,876 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of GBX 65 ($0.81) per share, for a total transaction of £14,869.40 ($18,512.70). Also, insider Caroline Chan purchased 39,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of GBX 66 ($0.82) per share, for a total transaction of £25,740 ($32,046.81). Company insiders own 0.38% of the company’s stock.

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.