SDCL Energy Efficiency Income Trust (LON:SEIT) Shares Down 1.4% – Time to Sell?

Shares of SDCL Energy Efficiency Income Trust Plc (LON:SEIT) traded down 1.4% during trading on Thursday . The stock traded as low as GBX 47.01 ($0.61) and last traded at GBX 47.35 ($0.61). 2,990,361 shares were traded during trading, a decline of 6% from the average session volume of 3,196,444 shares. The stock had previously closed at GBX 48 ($0.62).

SDCL Energy Efficiency Income Trust Stock Performance

The firm’s 50 day moving average price is GBX 49.49 and its two-hundred day moving average price is GBX 54.29. The company has a market cap of £495.16 million, a P/E ratio of -8.74 and a beta of 0.48.

About SDCL Energy Efficiency Income Trust

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 per cent.