NextEnergy Solar Fund (LON:NESF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

NextEnergy Solar Fund Limited (LON:NESF) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 45.49 and traded as low as GBX 44.60. NextEnergy Solar Fund shares last traded at GBX 44.90, with a volume of 542,610 shares traded.

NextEnergy Solar Fund Price Performance

The firm has a market capitalization of £259.99 million, a P/E ratio of -44.75, a PEG ratio of 1.17 and a beta of 0.31. The company has a debt-to-equity ratio of 38.86, a quick ratio of 13.96 and a current ratio of 9.28. The firm has a 50-day moving average of GBX 45.49 and a 200-day moving average of GBX 49.55.

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. The majority of NESF’s long-term cash flows are inflation-linked via UK government subsidies.

As at 31 December 2024, the Company had an unaudited gross asset value of £1,071m.