NextEnergy Solar Fund (LON:NESF) Announces Quarterly Earnings Results

NextEnergy Solar Fund (LON:NESF) posted its quarterly earnings data on Monday. The company reported GBX (10.61) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 1,033 million for the quarter. NextEnergy Solar Fund had a negative net margin of 19.62% and a negative return on equity of 1.06%.

NextEnergy Solar Fund Stock Down 1.7%

NESF stock opened at GBX 46.38 on Monday. The stock has a market cap of £266.75 million, a PE ratio of -45.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. The firm’s 50-day simple moving average is GBX 46.14 and its 200 day simple moving average is GBX 48.30. NextEnergy Solar Fund has a fifty-two week low of GBX 43 and a fifty-two week high of GBX 78.77. The company has a quick ratio of 13.96, a current ratio of 9.28 and a debt-to-equity ratio of 38.86.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed an “underperform” rating on shares of NextEnergy Solar Fund in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NextEnergy Solar Fund has a consensus rating of “Sell”.

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. 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.