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) EPS for the quarter, Digital Look Earnings reports. NextEnergy Solar Fund had a negative return on equity of 1.06% and a negative net margin of 19.62%.The company had revenue of GBX 1,033 million for the quarter.

NextEnergy Solar Fund Trading Down 1.7%

Shares of NESF stock opened at GBX 46.38 on Monday. NextEnergy Solar Fund has a 1-year low of GBX 43 and a 1-year high of GBX 78.77. The firm 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 company has a 50-day moving average of GBX 46.14 and a two-hundred day moving average of GBX 48.30. The company has a debt-to-equity ratio of 38.86, a current ratio of 9.28 and a quick ratio of 13.96.

Analyst Upgrades and Downgrades

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