SDCL Energy Efficiency Income Trust (LON:SEIT) Shares Up 1.2% – Time to Buy?

SDCL Energy Efficiency Income Trust Plc (LON:SEIT)’s stock price shot up 1.2% during trading on Tuesday . The stock traded as high as GBX 60.50 and last traded at GBX 59.90. 3,593,501 shares were traded during mid-day trading, an increase of 4% from the average session volume of 3,464,660 shares. The stock had previously closed at GBX 59.20.

SDCL Energy Efficiency Income Trust Trading Up 2.5%

The firm’s 50-day moving average price is GBX 58.85 and its two-hundred day moving average price is GBX 55.31. The stock has a market cap of £667.53 million, a PE ratio of 9.61 and a beta of 0.48.

About SDCL Energy Efficiency Income Trust

“SDCL 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.