Foresight Solar (LON:FSFL) Announces Quarterly Earnings Results

Foresight Solar (LON:FSFL) posted its quarterly earnings data on Thursday. The company reported GBX 0.52 ($0.01) earnings per share for the quarter, Digital Look Earnings reports. Foresight Solar had a net margin of 44.44% and a return on equity of 0.94%.

Foresight Solar Stock Down 0.2 %

Shares of LON FSFL opened at GBX 81.42 ($1.06) on Friday. The company has a 50 day simple moving average of GBX 74.99 and a 200 day simple moving average of GBX 81.23. The firm has a market cap of £461.15 million, a PE ratio of 73.29 and a beta of 0.27. Foresight Solar has a 1 year low of GBX 68 ($0.88) and a 1 year high of GBX 95.20 ($1.23). The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68.

Foresight Solar Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, April 24th. This represents a yield of 2.45%. Foresight Solar’s dividend payout ratio (DPR) is presently 720.16%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Foresight Solar in a report on Tuesday, February 18th.

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.