Foresight Solar (LON:FSFL) Announces Earnings Results

Foresight Solar (LON:FSFL) issued its quarterly earnings results on Wednesday. The company reported GBX (0.54) EPS for the quarter, Digital Look Earnings reports. Foresight Solar had a negative net margin of 112.38% and a negative return on equity of 5.64%.

Foresight Solar Price Performance

Foresight Solar stock traded up GBX 0.18 during trading hours on Thursday, reaching GBX 70.78. The company had a trading volume of 664,361 shares, compared to its average volume of 1,568,834. Foresight Solar has a 12-month low of GBX 59.60 and a 12-month high of GBX 81.30. The company has a 50-day moving average price of GBX 70.86 and a 200 day moving average price of GBX 68.21. The firm has a market cap of £385.68 million, a price-to-earnings ratio of -12.14 and a beta of 0.32.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Foresight Solar in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Foresight Solar currently has an average rating of “Hold”.

Foresight Solar Company Profile

Foresight Solar Fund Limited (“FSFL”) is a Jersey-registered, closed-end investment company investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally. The Company aims to deliver sustainable investment returns alongside strong environmental, social and governance (“ESG”) benefits.