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NextEnergy Solar Fund Limited (NESF) AI Stock Analysis
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NextEnergy Solar Fund Limited
(LSE:NESF)
The score is held back mainly by weakened financial performance driven by recent losses and a severe deterioration in reported revenue. Supporting the score are strong and improving cash generation, a cleaner balance sheet with zero reported debt in FY2026, and an attractive dividend yield, while technicals are neutral-to-mildly positive rather than strongly trending.
NextEnergy Solar Fund Limited (NESF) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 271.49M
- Dividend Yield
- 17.16%
- Average Volume (3M)
- 1.24M
- Price to Earnings (P/E)
- -4.4
- Beta (1Y)
- 0.45
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- UK
- Employees
- ―
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
NextEnergy Solar Fund Limited Business Overview & Revenue Model
Company Description
NextEnergy Solar Fund Limited concentrates its investments on operational solar photovoltaic (PV) facilities. While its primary objective is to acquire existing, revenue-generating solar projects, the fund also considers opportunities in assets under...
How the Company Makes Money
NESF makes money by owning solar PV projects that generate electricity and monetising the output and associated contractual and policy-linked cash flows. Its key revenue streams typically include: (1) Electricity sales: solar farms produce power that...
NextEnergy Solar Fund Limited Financial Statement Overview
Summary
Financials are mixed: the income statement is the main weakness with materially deteriorating profitability and revenue (including sustained losses and a sharp revenue collapse into negative revenue in FY2026). Offsetting this, cash flow is strong and improving (positive and rising operating/free cash flow into FY2026), and the balance sheet improved with leverage reduced to zero debt in FY2026 and a meaningful equity base, though continued losses are pressuring book value.
Income Statement
28NegativeBalance Sheet
62PositiveCash Flow
76Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.27M | -48.91M | 1.06M | 3.58M | 138.68M | 60.20M |
| Gross Profit | 29.54M | -48.91M | 1.06M | 3.58M | 133.63M | 54.37M |
| EBITDA | -51.47M | -60.90M | -10.72M | 0 | 137.14M | 57.95M |
| Net Income | -61.04M | -61.04M | -10.86M | -8.36M | 127.55M | 48.32M |
Balance Sheet | ||||||
| Total Assets | 638.80M | 638.80M | 748.62M | 819.61M | 878.34M | 875.23M |
| Cash, Cash Equivalents and Short-Term Investments | 25.10M | 25.10M | 3.22M | 8.86M | 19.61M | 14.35M |
| Total Debt | 198.61M | 198.61M | 198.47M | 198.34M | 198.06M | 198.20M |
| Total Liabilities | 201.29M | 201.29M | 201.25M | 200.99M | 209.84M | 2.34M |
| Stockholders Equity | 437.51M | 437.51M | 547.37M | 618.62M | 668.50M | 674.42M |
Cash Flow | ||||||
| Free Cash Flow | 41.03M | 80.20M | 64.24M | 51.46M | 58.14M | 46.44M |
| Operating Cash Flow | 41.03M | 80.20M | 64.24M | 51.46M | 58.14M | 46.44M |
| Investing Cash Flow | 34.38M | 0 | 0 | 0 | 6.86M | -26.10M |
| Financing Cash Flow | -53.54M | -58.33M | -69.89M | -56.94M | -49.34M | -51.90M |
NextEnergy Solar Fund Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NESF, the sentiment is Negative. The current price of 47.20 is below the 20-day moving average (MA) of 47.97, below the 50-day MA of 48.68, and above the 200-day MA of 45.94, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 43.47 is Neutral, neither overbought nor oversold. The STOCH value of 59.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NESF.
NextEnergy Solar Fund Limited Peers Comparison
Overall Rating
- GB:NESF62Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| GB:NESF | 62Neutral | GBP 271.49M | -4.45 | -12.87% | 17.16% | ― | ― |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:NESF | NextEnergy Solar Fund Limited | 47.20 | -3.07 | -6.10% |
NextEnergy Solar Fund Limited Corporate Events
NextEnergy Solar Fund Investors Back Continuation and Strategy at AGM
PositiveNextEnergy Solar Fund’s shareholders strongly backed the board at the 4 September Annual General Meeting, approving all ordinary and special resolutions, including director elections, dividend mechanics, auditor reappointment and authorities to...
NextEnergy Solar Fund Board Urges Support for Continuation and Expanded Storage Strategy at 2026 AGM
PositiveNextEnergy Solar Fund has published its circular and convened its annual general meeting for 4 September 2026 in Guernsey, offering shareholders both in-person and virtual participation, with AGM materials available via online channels and the UK Nat...
NextEnergy Solar Fund declares first interim dividend aligned with seasonal solar cash flows
PositiveNextEnergy Solar Fund has declared a first interim dividend of 1.77p per share for the quarter to 30 June 2026, in line with its policy of distributing 75% of operating cash flows to ordinary shareholders. The board highlighted that the payout reflec...
NextEnergy Solar Fund launches formal sale process to close valuation gap
NeutralNextEnergy Solar Fund Limited has launched a formal sale process after prolonged frustration with its stock market valuation, where its shares have traded at a persistent discount to net asset value despite solid portfolio performance. The board, sup...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 24, 2026