NextEnergy Solar Fund Limited Red (NESF)

Sector:

Investment Firms

Index:

FTSE 250

71.50p
   
  • Change Today:
      0.20p
  • 52 Week High: 108.60
  • 52 Week Low: 70.90
  • Currency: UK Pounds
  • Shares Issued: 590.82m
  • Volume: 79,899
  • Market Cap: £422.44m

NextEnergy Solar Fund's NAV grows in H1

By Iain Gilbert

Date: Monday 21 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Solar and energy storage investor NextEnergy Solar Fund said on Monday that both net asset value and earnings per share had risen in the six months ended 30 September.
NextEnergy posted a 9.4% increase in net asset value to 122.9p, while ordinary shareholders' NAV rose by £56.2m to £724.7m and earnings per share grew from 7.74p to 13.1p.

The London-listed group declared a second interim dividend of 1.88p, taking total dividends paid for the six months ended 30 September to 3.76p per ordinary share.

NextEnergy said total installed capacity and fully operating solar assets both remained flat at 865 megawatts and 99, respectively.

Looking ahead, NextEnergy said macroeconomic and political events had "undoubtedly" impacted and would continue to impact the renewable sector.

"In the current economic climate, the board continues to closely monitor both macro and micro economic indicators and governmental information to assess the potential future impact on the company's activities. Against this backdrop, NESF continues to offer strong diversification and protection for investors in their portfolios, in conjunction with helping accelerate Net Zero ambitions following COP27 through the construction of new solar power plants and battery storage assets in the UK," said NextEnergy.

"For the current financial year, NESF continues to target an attractive dividend of 7.52p per ordinary share, supported by a strong projected dividend cover."

As of 0810 GMT, Next Energy shares were up 1.96% at 113.18p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NESF Market Data

Currency UK Pounds
Share Price 71.50p
Change Today 0.20p
% Change 0.28 %
52 Week High 108.60
52 Week Low 70.90
Volume 79,899
Shares Issued 590.82m
Market Cap £422.44m

NESF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.76% above the market average82.76% above the market average82.76% above the market average82.76% above the market average82.76% above the market average
93.24% above the sector average93.24% above the sector average93.24% above the sector average93.24% above the sector average93.24% above the sector average
Price Trend
54.4% below the market average54.4% below the market average54.4% below the market average54.4% below the market average54.4% below the market average
87.99% below the sector average87.99% below the sector average87.99% below the sector average87.99% below the sector average87.99% below the sector average
Income
78.79% above the market average78.79% above the market average78.79% above the market average78.79% above the market average78.79% above the market average
97.33% above the sector average97.33% above the sector average97.33% above the sector average97.33% above the sector average97.33% above the sector average
Growth
6.38% above the market average6.38% above the market average6.38% above the market average6.38% above the market average6.38% above the market average
11.55% above the sector average11.55% above the sector average11.55% above the sector average11.55% above the sector average11.55% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 2
Sell 1
Strong Sell 0
Total 4
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NESF Dividends

  Latest Previous
  Q3 Q2
Ex-Div 15-Feb-24 16-Nov-23
Paid 28-Mar-24 29-Dec-23
Amount 2.09p 2.09p

Trades for 28-Mar-2024

Time Volume / Share Price
10:04 5,000 @ 71.70p
10:02 4 @ 71.49p
10:02 1 @ 71.49p
09:59 400 @ 71.70p
09:57 672 @ 71.70p

NESF Key Personnel

Chair Helen M Mahy
CEO Michael Bonte-Friedheim

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