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Annual Results

NextEnergy Solar Fund hikes NAV/share

28 June 2017 09:30

NextEnergy Solar Fund has posted an NAV per share of 104.9p at March 31, up from 98.5p over the 12 months mainly due to operating outperformance, increase in power price forecasts, higher RPI inflation expectations and a reduction in discount rates.

It was on track to pay target dividend of 6.31p for the year. Targeting a 6.42p dividend distribution for the next year ending 31 March 2018. The fund had a strong pipeline of acquisition targets in negotiation and further UK solar opportunities under consideration for over 269MW.

At 9:30am: (LON:NESF) Nextenergy Solar Fund Ltd share price was -0.5p at 115.5p

Story provided by StockMarketWire.com

Related Company: NESF

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