NextEnergy Solar Fund (LON:NESF) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Posted by Stacy Sanders on Oct 16th, 2024

NextEnergy Solar Fund Limited (LON:NESF – Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 79.89 ($1.04) and traded as low as GBX 75.40 ($0.98). NextEnergy Solar Fund shares last traded at GBX 75.40 ($0.98), with a volume of 3,341,293 shares.

NextEnergy Solar Fund Stock Performance

The stock’s fifty day simple moving average is GBX 79.89 and its 200-day simple moving average is GBX 77.41. The company has a market capitalization of £449.99 million, a PE ratio of 951.95, a PEG ratio of 1.17 and a beta of 0.29. The company has a quick ratio of 13.96, a current ratio of 14.49 and a debt-to-equity ratio of 30.98.

NextEnergy Solar Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, August 15th were issued a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend was Thursday, August 15th. This is a boost from NextEnergy Solar Fund’s previous dividend of $2.09. This represents a yield of 2.57%. NextEnergy Solar Fund’s payout ratio is currently 10,000.00%.

About NextEnergy Solar Fund

(Get Free Report)

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.