SDCL Energy Efficiency Income Trust (LON:SEIT) Stock Price Up 0.4% – Here’s Why

SDCL Energy Efficiency Income Trust Plc (LON:SEIT)’s share price was up 0.4% during trading on Friday . The stock traded as high as GBX 39 and last traded at GBX 38.75. 3,737,345 shares changed hands during trading, a decline of 20% from the average daily volume of 4,692,320 shares. The stock had previously closed at GBX 38.60.

Wall Street Analysts Forecast Growth

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

SDCL Energy Efficiency Income Trust Stock Up 0.4%

The stock’s 50-day moving average price is GBX 38.89 and its 200 day moving average price is GBX 43.27. The company has a market cap of £420.60 million, a P/E ratio of -4.78 and a beta of 0.82.

SDCL Energy Efficiency Income Trust (LON:SEIT) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX (8.10) earnings per share (EPS) for the quarter. The firm had revenue of GBX (7,650) million for the quarter. SDCL Energy Efficiency Income Trust had a negative return on equity of 9.74% and a net margin of 192.94%.

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.