NextEnergy Solar Fund (LON:NESF) Sets New 52-Week Low – Here’s Why

NextEnergy Solar Fund Limited (LON:NESF)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 69.70 ($0.88) and last traded at GBX 70.01 ($0.88), with a volume of 3290546 shares changing hands. The stock had previously closed at GBX 70.80 ($0.89).

NextEnergy Solar Fund Stock Down 1.1 %

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 company has a market cap of £413.63 million, a price-to-earnings ratio of 876.38, a P/E/G ratio of 1.17 and a beta of 0.29. The business has a fifty day moving average price of GBX 76.15 and a two-hundred day moving average price of GBX 77.81.

NextEnergy Solar Fund Increases Dividend

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

About NextEnergy Solar Fund

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.