Foresight Solar (LON:FSFL) Posts Earnings Results

Foresight Solar (LON:FSFL - Get Free Report) released 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 Price Performance

LON FSFL traded down GBX 0.80 ($0.01) on Monday, hitting GBX 79.20 ($1.02). The company had a trading volume of 574,128 shares, compared to its average volume of 1,188,066. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68. The company's fifty day moving average price is GBX 75.18 and its 200-day moving average price is GBX 80.95. The company has a market capitalization of £448.59 million, a PE ratio of 71.30 and a beta of 0.27. Foresight Solar has a 12-month low of GBX 68 ($0.88) and a 12-month high of GBX 95.20 ($1.23).

Foresight Solar Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.