The stock of Bluefield Solar Income Fund Ltd (LON:BSIF) hit a new 52-week high and has GBX 175.77 target or 62.00% above today’s GBX 108.50 share price. The 7 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 175.77 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.40% or GBX 1.5 on September 13, hitting GBX 108.5. About 648,983 shares traded hands or 110.82% up from the average. Bluefield Solar Income Fund Ltd (LON:BSIF) has risen 5.33% since February 15, 2016 and is uptrending. It has underperformed by 11.16% the S&P500.
Bluefield Solar Income Fund Limited is a United Kingdom closed-ended investment fund. The company has a market cap of GBP. The Fund’s investment objective is to provide shareholders with an attractive return, principally in the form of regular income distributions, by investing via special purpose vehicles into a portfolio of large scale United Kingdom based solar energy infrastructure assets. It currently has negative earnings. The Fund invests in a portfolio of solar energy assets, each located within the United Kingdom, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites.
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