Jefferies says sale is best way forward for NextEnergy Solar Fund as shares rise 5%

Jefferies has advised NextEnergy Solar Fund (NESF) that a sale is the best way forward for the company, as its shares rose 5% on Wednesday.

The FTSE 250-listed company is understood to have received a number of approaches from potential buyers.

The fund’s shares have been trading at a discount to net asset value (NAV) for some time, and Jefferies analyst Michael van Dulken said that a sale would be the best way forward.

“The fund has been trading at a discount to NAV for some time, and a sale would be the best way forward,” he said.

“The fund has been trading at a discount to NAV for some time, and a sale would be the best way forward,” he added.

The fund’s shares were up 5% at 74.7p in mid-morning trading.