Foresight Solar (LON:FSFL) Posts Quarterly Earnings Results

Foresight Solar (LON:FSFL) announced its quarterly 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 Stock Performance

Foresight Solar stock traded up GBX 0.80 during midday trading on Wednesday, reaching GBX 71.30. 346,430 shares of the company were exchanged, compared to its average volume of 1,573,523. The firm’s 50-day simple moving average is GBX 70.92 and its 200-day simple moving average is GBX 68.17. Foresight Solar has a 1 year low of GBX 59.60 and a 1 year high of GBX 81.30. The company has a market capitalization of £388.50 million, a price-to-earnings ratio of -12.23 and a beta of 0.32.

Analyst Upgrades and Downgrades

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