NextEnergy Solar Fund (LON:NESF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

NextEnergy Solar Fund Limited (LON:NESF)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 78.71 ($1.02) and traded as low as GBX 74.60 ($0.97). NextEnergy Solar Fund shares last traded at GBX 75 ($0.97), with a volume of 3,719,738 shares changing hands.

NextEnergy Solar Fund Trading Down 0.7 %

The company has a 50 day moving average of GBX 78.50 and a 200 day moving average of GBX 77.80. The firm has a market cap of £440.16 million, a P/E ratio of 931.25, a PEG ratio of 1.17 and a beta of 0.29. The company has a debt-to-equity ratio of 30.98, a quick ratio of 13.96 and a current ratio of 14.49.

NextEnergy Solar Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 15th were given a GBX 2.10 ($0.03) dividend. This represents a yield of 2.57%. This is an increase from NextEnergy Solar Fund’s previous dividend of $2.09. The ex-dividend date of this dividend was Thursday, August 15th. NextEnergy Solar Fund’s payout ratio is currently 10,000.00%.

NextEnergy Solar Fund Company Profile

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.