Foresight Solar (LON:FSFL) Releases Quarterly Earnings Results

Foresight Solar (LON:FSFL) posted 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 return on equity of 5.64% and a negative net margin of 112.38%.

Foresight Solar Stock Up 0.3%

LON FSFL traded up GBX 0.18 during trading hours on Thursday, hitting GBX 70.78. 664,361 shares of the company were exchanged, compared to its average volume of 1,568,834. Foresight Solar has a 52-week low of GBX 59.60 and a 52-week high of GBX 81.30. The firm has a market cap of £385.68 million, a price-to-earnings ratio of -12.14 and a beta of 0.32. The company has a 50 day moving average of GBX 70.86 and a two-hundred day moving average of GBX 68.21.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed 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, According to data from MarketBeat, Foresight Solar presently 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.