NextEnergy Solar Fund (LON:NESF) Hits New 12-Month Low – Here’s Why

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

NextEnergy Solar Fund Price Performance

The stock has a 50-day moving average price of GBX 68.86 and a two-hundred day moving average price 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. The stock has a market cap of £359.22 million, a price-to-earnings ratio of 760.00, a PEG ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund Increases Dividend

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

Insider Activity

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

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.