NextEnergy Solar Fund (LON:NESF) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of NextEnergy Solar Fund Limited (LON:NESF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 67.18 ($0.87) and traded as high as GBX 69.30 ($0.89). NextEnergy Solar Fund shares last traded at GBX 66.70 ($0.86), with a volume of 4,485,641 shares.

NextEnergy Solar Fund Price Performance

The company has a quick ratio of 13.96, a current ratio of 25.38 and a debt-to-equity ratio of 34.68. The company has a market capitalization of £387.72 million, a price-to-earnings ratio of -28.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The stock’s 50-day moving average price is GBX 67.18 and its 200-day moving average price is GBX 70.11.

NextEnergy Solar Fund Company Profile

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.