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

NextEnergy Solar Fund Limited (LON:NESF) reached a new 52-week low on Wednesday . The company traded as low as GBX 62 ($0.76) and last traded at GBX 62.55 ($0.76), with a volume of 2807531 shares traded. The stock had previously closed at GBX 64.70 ($0.79).

NextEnergy Solar Fund Trading Down 1.8 %

The company has a market capitalization of £359.22 million, a PE ratio of 760.00, a PEG ratio of 1.17 and a beta of 0.29. The company has a fifty day simple moving average of GBX 68.86 and a 200-day simple moving average of GBX 76.05. The company has a current ratio of 14.49, a quick ratio of 13.96 and a debt-to-equity ratio of 30.98.

NextEnergy Solar Fund Increases Dividend

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

Insider Buying and Selling at NextEnergy Solar Fund

In related news, insider Helen M. Mahy purchased 22,876 shares of NextEnergy Solar Fund stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 65 ($0.79) per share, with a total value of £14,869.40 ($18,155.56). Also, insider Caroline Chan acquired 39,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of GBX 66 ($0.81) per share, for a total transaction of £25,740 ($31,428.57). 0.38% of the stock is currently owned by company insiders.

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.