US Solar Fund (LSE:USF) ROE %: -10.18% (As of Dec. 2025)


LSE:USF US Solar Fund PLC LSE:USF
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What is US Solar Fund ROE %?

US Solar Fund LSE:USF 36 ROE % is -10.18% as of Dec. 2025. GuruFocus rates LSE:USF with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 433 Utilities - Independent Power Producers companies, US Solar Fund ranks worse than 66.28% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. US Solar Fund's annualized net income for the quarter that ended in Dec. 2025 was $-19.69 Mil. US Solar Fund's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $193.34 Mil. Therefore, US Solar Fund's annualized ROE % for the quarter that ended in Dec. 2025 was -10.18%.

The historical rank and industry rank for US Solar Fund's ROE % or its related term are showing as below:

LSE:USF' s ROE % Range Over the Past 10 Years
Min: -15.42   Med: 0.08   Max: 5.77
Current: -0.03

During the past 7 years, US Solar Fund's highest ROE % was 5.77%. The lowest was -15.42%. And the median was 0.08%.

LSE:USF's ROE % is ranked worse than
66.28% of 433 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.8 vs LSE:USF: -0.03

US Solar Fund  (LSE:USF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-19.688/193.338
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-19.688 / -18.422)*(-18.422 / 194.9635)*(194.9635 / 193.338)
=Net Margin %*Asset Turnover*Equity Multiplier
=106.87 %*-0.0945*1.0084
=ROA %*Equity Multiplier
=-10.1 %*1.0084
=-10.18 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-19.688/193.338
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-19.688 / -19.688) * (-19.688 / -18.422) * (-18.422 / 194.9635) * (194.9635 / 193.338)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 106.87 % * -0.0945 * 1.0084
=-10.18 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


US Solar Fund ROE % Related Terms


US Solar Fund ROE % Historical Data

* Premium members only.

The historical data trend for US Solar Fund's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

US Solar Fund ROE % Chart

US Solar Fund Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 5.77 4.50 -14.89 -15.42 -0.03

US Solar Fund Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.21 -1.68 -30.94 9.93 -10.18

US Solar Fund ROE % Competitor Comparison

For the Utilities - Renewable subindustry, US Solar Fund's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


US Solar Fund ROE % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, US Solar Fund's ROE % distribution charts can be found below:

* The bar in red indicates where US Solar Fund's ROE % falls into.


LSE:USF
36GF Score
US Solar Fund PLC LSE:USF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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US Solar Fund ROE % Calculation

US Solar Fund's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-0.049/( (194.152+186.207)/ 2 )
=-0.049/190.1795
=-0.03 %

US Solar Fund's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-19.688/( (200.469+186.207)/ 2 )
=-19.688/193.338
=-10.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -10.18% mean?
US Solar Fund (LSE:USF) has a ROE % of -10.18% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on US Solar Fund and its competitors. According to the industry distribution chart, US Solar Fund ranks #287 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 66.3%.
Is US Solar Fund's ROE % too high?
US Solar Fund's current ROE % is -10.18%. Based on the distribution chart, US Solar Fund ranks #287 out of 433 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, US Solar Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does US Solar Fund's ROE % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, US Solar Fund ranks #287 out of 433 companies for ROE %. This places US Solar Fund in the lower half of its industry. The industry median ROE % is 3.80. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.80, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on US Solar Fund and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Solar Fund's current ROE % is -10.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Solar Fund stock overvalued right now?
US Solar Fund (LSE:USF) has a current ROE % of -10.18%. The current ROE % is -10.18%. US Solar Fund's overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For US Solar Fund (LSE:USF), the current ROE % is -10.18% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

US Solar Fund Business Description

Address 52 Lime Street, 18th Floor, The Scalpel, London, GBR, EC3M 7AF
US Solar Fund PLC is a closed-end investment trust company. It invests in a diversified portfolio of Solar Power Assets located in North America and other countries forming part of the Organisation for Economic Co-operation and Development (OECD) in the Americas. Its investment objective is to provide investors with attractive risk-adjusted and sustainable dividends, with an element of capital growth, by investing in a diversified portfolio of Solar Power Assets. By investing in Solar Power Assets and selling the output from these assets to energy users, the company directly contributes to renewable energy infrastructure and renewable power generation.
36GF Score

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