Bluefield Solar Income Fund (LON:BSIF) Trading 15.7% Higher – Should You Buy?

Bluefield Solar Income Fund (LON:BSIF)’s stock price traded up 15.7% on Monday . The company traded as high as GBX 92.40 and last traded at GBX 91.14. 6,096,511 shares traded hands during mid-day trading, an increase of 233% from the average session volume of 1,832,668 shares. The stock had previously closed at GBX 78.80.

Bluefield Solar Income Fund Stock Up 15.7%

The company has a market cap of £539.63 million, a price-to-earnings ratio of -9.79 and a beta of 0.03. The company’s 50-day moving average is GBX 81.43 and its 200 day moving average is GBX 75.61.

Bluefield Solar Income Fund (LON:BSIF) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 16.03 EPS for the quarter. Bluefield Solar Income Fund had a negative net margin of 196.27% and a negative return on equity of 4.29%. Analysts predict that Bluefield Solar Income Fund will post 302.1632747 EPS for the current fiscal year.

Bluefield Solar Income Fund Company Profile

Bluefield Solar Income Fund (BSIF) is an investment company focused on the acquisition and long-term management of a diversified portfolio of low carbon assets in the UK, with a primary focus on solar assets. The fund’s initial public offering (IPO) was in July 2013, making it the first investment company focused on solar PV to be listed on the London Stock Exchange (LSE). The investment objective of the fund is to deliver long term, attractive yield via the payment of quarterly dividends.

The fund primarily targets utility scale solar assets and portfolios on greenfield, industrial and/or commercial sites.