Foresight Solar (LON:FSFL) Posts Earnings Results

Foresight Solar (LON:FSFL) released its quarterly earnings results on Wednesday. The company reported GBX (0.54) earnings per share for the quarter, Digital Look Earnings reports. Foresight Solar had a negative return on equity of 6.35% and a negative net margin of 80.27%.

Foresight Solar Price Performance

Shares of Foresight Solar stock traded up GBX 0.10 during midday trading on Friday, reaching GBX 71. The company had a trading volume of 1,236,596 shares, compared to its average volume of 1,566,179. The stock has a fifty day moving average price of GBX 70.73 and a 200 day moving average price of GBX 68.28. The firm has a market cap of £386.86 million, a PE ratio of -12.18 and a beta of 0.32. Foresight Solar has a fifty-two week low of GBX 59.60 and a fifty-two week high of GBX 81.30.

Analysts Set New Price Targets

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