NESF’s NAV at 76.1p has been impacted by an unusual set of headwinds including weaker sunlight (irradiance) in the quarter and changes to government policy, already signalled by the company. More positively the estimated dividend guidance for FY27, and now driven by a percentage based policy, is 4.5p to 5.1p above the 4.0p to 4.6p signalled in March. The dividend reset announced in March itself is focused on delivering reinvestment to ensure a longer-term growth.
