Foresight Solar (LON:FSFL) Issues Earnings Results

Foresight Solar (LON:FSFL) announced its quarterly earnings data 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 Stock Up 0.1%

Shares of FSFL traded up GBX 0.10 during midday trading on Wednesday, reaching GBX 70.60. 409,351 shares of the stock were exchanged, compared to its average volume of 1,573,867. The company has a market cap of £384.68 million, a price-to-earnings ratio of -12.11 and a beta of 0.32. Foresight Solar has a 12-month low of GBX 59.60 and a 12-month high of GBX 81.30. The firm has a 50 day simple moving average of GBX 70.92 and a 200-day simple moving average of GBX 68.17.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued 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, Based on data from MarketBeat.com, the stock currently has a consensus 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.