SDCL Energy Efficiency Income Trust (LON:SEIT) Stock Jumps 1.5% – Here’s What Happened

SDCL Energy Efficiency Income Trust Plc (LON:SEIT) shares traded up 1.5% during mid-day trading on Friday. The stock traded as high as GBX 33.80 and last traded at GBX 33.35. 1,959,277 shares changed hands during trading, a decline of 53% from the average session volume of 4,125,037 shares. The stock had previously closed at GBX 32.85.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “restricted” rating on shares of SDCL Energy Efficiency Income Trust in a report on Friday, June 26th.

SDCL Energy Efficiency Income Trust Stock Performance

The company has a market capitalization of £361.99 million, a price-to-earnings ratio of -4.12 and a beta of 0.86. The firm’s 50-day simple moving average is GBX 35.92 and its 200-day simple moving average is GBX 39.18.

About SDCL Energy Efficiency Income Trust

“SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 per cent.