Foresight Solar (LON:FSFL) Issues Quarterly Earnings Results

Foresight Solar (LON:FSFL) announced its earnings results on Wednesday. The company reported GBX (0.54) earnings per share (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

Shares of LON:FSFL opened at GBX 70.74 on Wednesday. The company has a market capitalization of £385.43 million, a P/E ratio of -12.13 and a beta of 0.32. Foresight Solar has a 1-year low of GBX 59.60 and a 1-year high of GBX 81.30. The firm’s 50 day simple moving average is GBX 70.92 and its two-hundred day simple moving average is GBX 68.17.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated 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 presently has a consensus rating of “Hold”.

About Foresight Solar

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.